Sterling Capital Management LLC Has $445,000 Stock Holdings in Ecovyst Inc. (NYSE:ECVT)

Sterling Capital Management LLC grew its position in Ecovyst Inc. (NYSE:ECVT) by 14,218.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 58,277 shares of the company’s stock after buying an additional 57,870 shares during the period. Sterling Capital Management LLC’s holdings in Ecovyst were worth $445,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Spire Wealth Management lifted its position in Ecovyst by 72.9% during the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock valued at $34,000 after purchasing an additional 1,896 shares during the period. Federated Hermes Inc. lifted its holdings in Ecovyst by 5.1% in the fourth quarter. Federated Hermes Inc. now owns 122,370 shares of the company’s stock valued at $935,000 after buying an additional 5,930 shares during the period. New York State Common Retirement Fund boosted its stake in Ecovyst by 31.7% in the fourth quarter. New York State Common Retirement Fund now owns 29,081 shares of the company’s stock valued at $222,000 after acquiring an additional 7,000 shares during the last quarter. Cibc World Markets Corp acquired a new stake in Ecovyst during the 4th quarter worth $83,000. Finally, Intech Investment Management LLC raised its position in shares of Ecovyst by 50.9% during the 4th quarter. Intech Investment Management LLC now owns 40,439 shares of the company’s stock valued at $309,000 after acquiring an additional 13,645 shares during the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Ecovyst Trading Up 1.0 %

Shares of NYSE ECVT opened at $5.88 on Friday. Ecovyst Inc. has a twelve month low of $5.24 and a twelve month high of $10.57. The stock has a market cap of $689.76 million, a price-to-earnings ratio of 12.77, a P/E/G ratio of 1.04 and a beta of 1.02. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. The company’s fifty day moving average is $6.72 and its 200-day moving average is $7.25.

Wall Street Analyst Weigh In

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

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.