Boston Partners Reduces Stake in Ecovyst Inc. (NYSE:ECVT)

Boston Partners lowered its stake in Ecovyst Inc. (NYSE:ECVTFree Report) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,101,545 shares of the company’s stock after selling 71,261 shares during the period. Boston Partners owned approximately 3.53% of Ecovyst worth $40,038,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ECVT. Envestnet Asset Management Inc. grew its position in Ecovyst by 212.3% in the first quarter. Envestnet Asset Management Inc. now owns 33,607 shares of the company’s stock worth $388,000 after acquiring an additional 22,847 shares in the last quarter. Swiss National Bank boosted its position in shares of Ecovyst by 7.3% during the first quarter. Swiss National Bank now owns 97,200 shares of the company’s stock valued at $1,124,000 after buying an additional 6,600 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Ecovyst by 35.6% during the first quarter. Bank of New York Mellon Corp now owns 322,675 shares of the company’s stock valued at $3,731,000 after buying an additional 84,711 shares during the period. American Century Companies Inc. boosted its position in shares of Ecovyst by 21.6% during the first quarter. American Century Companies Inc. now owns 175,278 shares of the company’s stock valued at $2,026,000 after buying an additional 31,180 shares during the period. Finally, MetLife Investment Management LLC boosted its position in shares of Ecovyst by 55.4% during the first quarter. MetLife Investment Management LLC now owns 27,874 shares of the company’s stock valued at $322,000 after buying an additional 9,939 shares during the period. Hedge funds and other institutional investors own 95.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered Ecovyst from a “b-” rating to a “c+” rating in a research report on Friday, October 27th.

Get Our Latest Analysis on ECVT

Ecovyst Stock Down 0.9 %

Shares of NYSE:ECVT opened at $9.19 on Friday. Ecovyst Inc. has a 1 year low of $8.26 and a 1 year high of $12.35. The business has a 50 day simple moving average of $9.50 and a two-hundred day simple moving average of $9.82. The firm has a market capitalization of $1.07 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 0.62 and a beta of 1.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.03 and a quick ratio of 1.55.

Ecovyst (NYSE:ECVTGet Free Report) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). The company had revenue of $173.30 million for the quarter, compared to the consensus estimate of $184.53 million. Ecovyst had a net margin of 9.50% and a return on equity of 11.85%. On average, equities analysts predict that Ecovyst Inc. will post 0.65 EPS for the current year.

Ecovyst Company Profile

(Free Report)

Ecovyst Inc offers specialty catalysts and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates in two segments, Ecoservices and Catalyst Technologies. 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.

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Institutional Ownership by Quarter for Ecovyst (NYSE:ECVT)

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