Ecovyst Inc. (NYSE:ECVT) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of Ecovyst Inc. (NYSE:ECVT) by 25.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 486,088 shares of the company’s stock after buying an additional 97,427 shares during the period. JPMorgan Chase & Co. owned approximately 0.42% of Ecovyst worth $3,714,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ECVT. Spire Wealth Management raised its stake in shares of Ecovyst by 72.9% in the fourth quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock worth $34,000 after purchasing an additional 1,896 shares during the last quarter. Cibc World Markets Corp acquired a new position in Ecovyst in the 4th quarter worth approximately $83,000. Virtu Financial LLC purchased a new position in Ecovyst during the 4th quarter worth approximately $119,000. AXQ Capital LP acquired a new stake in Ecovyst during the 4th quarter valued at approximately $132,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Ecovyst in the 4th quarter valued at $139,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ECVT. BMO Capital Markets lowered their target price on Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. BWS Financial restated a “buy” rating and issued a $12.00 price objective on shares of Ecovyst in a research report on Friday, February 28th.

Ecovyst Stock Up 1.0 %

Shares of NYSE ECVT opened at $5.88 on Monday. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. Ecovyst Inc. has a 52-week low of $5.24 and a 52-week high of $10.57. The firm has a market cap of $689.76 million, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02. The company’s 50-day simple moving average is $6.72 and its 200-day simple moving average is $7.26.

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.