Ecovyst Inc. (NYSE:ECVT) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC cut its stake in Ecovyst Inc. (NYSE:ECVT) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,095,363 shares of the company’s stock after selling 96,750 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Ecovyst were worth $16,009,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. GSA Capital Partners LLP purchased a new position in Ecovyst in the third quarter valued at approximately $349,000. Oppenheimer Asset Management Inc. increased its stake in shares of Ecovyst by 41.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 71,599 shares of the company’s stock worth $490,000 after buying an additional 21,147 shares during the last quarter. Cornercap Investment Counsel Inc. increased its stake in shares of Ecovyst by 51.2% in the third quarter. Cornercap Investment Counsel Inc. now owns 77,036 shares of the company’s stock worth $528,000 after buying an additional 26,093 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Ecovyst in the third quarter worth $2,087,000. Finally, Quest Partners LLC bought a new stake in shares of Ecovyst in the third quarter worth $337,000. 86.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Ecovyst Stock Performance

Shares of ECVT opened at $6.60 on Thursday. Ecovyst Inc. has a 1 year low of $6.02 and a 1 year high of $11.35. The company has a market cap of $774.04 million, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 1.04 and a beta of 1.04. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. The firm has a fifty day moving average of $7.66 and a 200-day moving average of $7.37.

About Ecovyst

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.