Alliancebernstein L.P. Sells 274,456 Shares of Ecovyst Inc. (NYSE:ECVT)

Alliancebernstein L.P. lowered its stake in shares of Ecovyst Inc. (NYSE:ECVT) by 5.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,482,593 shares of the company’s stock after selling 274,456 shares during the quarter. Alliancebernstein L.P.’s holdings in Ecovyst were worth $34,247,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Caisse Des Depots ET Consignations acquired a new stake in shares of Ecovyst in the 4th quarter valued at approximately $144,000. JPMorgan Chase & Co. increased its position in shares of Ecovyst by 25.1% in the 4th quarter. JPMorgan Chase & Co. now owns 486,088 shares of the company’s stock valued at $3,714,000 after buying an additional 97,427 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Ecovyst during the 4th quarter worth $186,000. Prudential Financial Inc. lifted its holdings in Ecovyst by 20.4% during the fourth quarter. Prudential Financial Inc. now owns 775,790 shares of the company’s stock worth $5,927,000 after acquiring an additional 131,400 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Ecovyst by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 10,926,133 shares of the company’s stock valued at $83,476,000 after acquiring an additional 56,142 shares during the period. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. BMO Capital Markets cut their price objective on Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. BWS Financial reaffirmed a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a research note on Friday, February 28th. Finally, Citigroup increased their price objective on shares of Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th.

Ecovyst Stock Down 5.8 %

NYSE:ECVT opened at $5.58 on Friday. The stock has a 50-day simple moving average of $7.23 and a 200 day simple moving average of $7.33. Ecovyst Inc. has a 52-week low of $5.38 and a 52-week high of $10.86. The company has a market cap of $654.32 million, a PE ratio of 12.12, a PEG ratio of 1.04 and a beta of 1.02. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54.

Ecovyst Company Profile

Ecovyst Inc offers specialty catalysts and services in the United States and internationally. The company operates in two segments, Ecoservices and Advanced Materials & Catalysts. The Ecoservices segment provides sulfuric acid recycling services and end-to-end logistics for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.