Ecovyst Inc. (NYSE:ECVT) Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. grew its stake in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 20.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 775,790 shares of the company's stock after purchasing an additional 131,400 shares during the quarter. Prudential Financial Inc. owned approximately 0.67% of Ecovyst worth $5,927,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC increased its position in Ecovyst by 27.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 12,852,925 shares of the company's stock valued at $88,043,000 after buying an additional 2,753,470 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Ecovyst by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 10,926,133 shares of the company's stock worth $83,476,000 after purchasing an additional 56,142 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Ecovyst by 1.9% in the fourth quarter. William Blair Investment Management LLC now owns 3,601,346 shares of the company's stock worth $27,514,000 after buying an additional 67,338 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ecovyst by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,535,792 shares of the company's stock valued at $17,374,000 after purchasing an additional 55,884 shares during the last quarter. Finally, State Street Corp grew its holdings in Ecovyst by 1.4% during the 3rd quarter. State Street Corp now owns 2,426,509 shares of the company's stock valued at $16,622,000 after buying an additional 33,292 shares in the last quarter. Institutional investors own 86.69% of the company's stock.

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Ecovyst Stock Performance

ECVT traded down $0.35 during midday trading on Friday, hitting $5.58. 2,011,323 shares of the company were exchanged, compared to its average volume of 895,969. Ecovyst Inc. has a 1-year low of $5.38 and a 1-year high of $10.86. The firm has a market capitalization of $654.32 million, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 1.04 and a beta of 1.04. The company's 50 day simple moving average is $7.23 and its 200 day simple moving average is $7.32. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17.

Analysts Set New Price Targets

ECVT has been the subject of several analyst reports. BMO Capital Markets lowered their price objective on Ecovyst from $11.00 to $9.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Citigroup lifted their price objective on shares of Ecovyst from $8.00 to $9.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Finally, BWS Financial restated a "buy" rating and set a $12.00 price objective on shares of Ecovyst in a report on Friday, February 28th.

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.