Charles Schwab Investment Management Inc. Acquires 198,817 Shares of Ecovyst Inc. (NYSE:ECVT)

Charles Schwab Investment Management Inc. boosted its stake in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 11.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,903,148 shares of the company's stock after acquiring an additional 198,817 shares during the period. Charles Schwab Investment Management Inc. owned 1.63% of Ecovyst worth $14,540,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Spire Wealth Management grew its position in shares of Ecovyst by 72.9% during the fourth 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 in the last quarter. Capstone Investment Advisors LLC purchased a new position in Ecovyst during the 3rd quarter valued at approximately $86,000. Quantinno Capital Management LP bought a new stake in Ecovyst in the 3rd quarter worth approximately $123,000. Proficio Capital Partners LLC purchased a new stake in shares of Ecovyst during the 4th quarter worth approximately $139,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Ecovyst during the 3rd quarter worth approximately $177,000. 86.69% of the stock is currently owned by institutional investors.

Ecovyst Trading Down 0.1 %

Shares of Ecovyst stock traded down $0.01 during trading on Monday, hitting $6.40. The stock had a trading volume of 783,927 shares, compared to its average volume of 876,288. Ecovyst Inc. has a 12 month low of $6.02 and a 12 month high of $11.35. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06. The firm's fifty day simple moving average is $7.54 and its 200-day simple moving average is $7.36. The stock has a market cap of $750.56 million, a PE ratio of 13.90, a PEG ratio of 1.04 and a beta of 1.04.

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Analysts Set New Price Targets

Several brokerages recently weighed in on ECVT. BMO Capital Markets reduced their price target on shares of Ecovyst from $11.00 to $9.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Citigroup boosted their target price on shares of Ecovyst from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Finally, BWS Financial reaffirmed a "buy" rating and issued a $12.00 price target 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.