Loomis Sayles & Co. L P Reduces Holdings in Ecovyst Inc. (NYSE:ECVT)

Loomis Sayles & Co. L P trimmed its stake in Ecovyst Inc. (NYSE:ECVT) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,027,606 shares of the company’s stock after selling 40,695 shares during the period. Loomis Sayles & Co. L P owned 0.88% of Ecovyst worth $7,039,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC purchased a new stake in shares of Ecovyst in the 3rd quarter worth about $2,087,000. Bank of New York Mellon Corp lifted its position in shares of Ecovyst by 27.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 459,343 shares of the company’s stock worth $4,120,000 after purchasing an additional 98,719 shares during the period. Westwood Holdings Group Inc. lifted its position in shares of Ecovyst by 3.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 5,026,022 shares of the company’s stock worth $56,040,000 after purchasing an additional 178,001 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Ecovyst by 84.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,756,363 shares of the company’s stock worth $12,031,000 after acquiring an additional 805,128 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in shares of Ecovyst by 20.4% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,729,796 shares of the company’s stock worth $15,516,000 after acquiring an additional 292,637 shares in the last quarter. 86.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ECVT. KeyCorp decreased their price target on shares of Ecovyst from $13.00 to $10.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. BMO Capital Markets decreased their price target on shares of Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, BWS Financial reiterated a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a research note on Friday, November 1st.

Ecovyst Stock Down 0.7 %

NYSE:ECVT opened at $7.95 on Thursday. The firm has a market cap of $925.67 million, a P/E ratio of 17.28, a P/E/G ratio of 1.82 and a beta of 1.01. 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 Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $11.35. The firm has a 50-day simple moving average of $7.09 and a two-hundred day simple moving average of $7.90.

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.