Ecovyst Inc. (NYSE:ECVT) Shares Acquired by Barclays PLC

Barclays PLC raised its holdings in Ecovyst Inc. (NYSE:ECVT - Free Report) by 198.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,032 shares of the company's stock after buying an additional 118,303 shares during the quarter. Barclays PLC owned approximately 0.15% of Ecovyst worth $1,220,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Ecovyst by 27.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 12,852,925 shares of the company's stock worth $88,043,000 after buying an additional 2,753,470 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Ecovyst by 84.6% during the third 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 during the last quarter. Western Standard LLC purchased a new position in shares of Ecovyst in the 3rd quarter worth about $4,782,000. Foundry Partners LLC acquired a new position in shares of Ecovyst in the 2nd quarter valued at about $4,401,000. Finally, Thompson Siegel & Walmsley LLC grew its holdings in shares of Ecovyst by 26.7% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,192,113 shares of the company's stock worth $15,016,000 after purchasing an additional 462,317 shares during the period. Hedge funds and other institutional investors own 86.69% of the company's stock.

Ecovyst Stock Down 0.3 %

Shares of NYSE ECVT traded down $0.02 during trading on Monday, reaching $7.50. 261,649 shares of the stock were exchanged, compared to its average volume of 872,657. The company has a market capitalization of $873.83 million, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 1.67 and a beta of 1.06. The business's 50-day moving average price is $7.62 and its 200 day moving average price is $7.64. 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 twelve month low of $6.02 and a twelve month high of $11.35.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ECVT. BWS Financial reaffirmed a "buy" rating and set a $12.00 price target on shares of Ecovyst in a research report on Wednesday, December 4th. BMO Capital Markets lifted their target price on shares of Ecovyst from $9.00 to $10.00 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. Finally, Citigroup increased their price target on Ecovyst from $8.00 to $9.00 and gave the company a "buy" rating in a report on Wednesday, December 18th.

Ecovyst 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.