Franklin Resources Inc. acquired a new position in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 67,429 shares of the company's stock, valued at approximately $515,000. Franklin Resources Inc. owned about 0.06% of Ecovyst at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Ecovyst by 198.1% during the 3rd quarter. Barclays PLC now owns 178,032 shares of the company's stock valued at $1,220,000 after purchasing an additional 118,303 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Ecovyst in the fourth quarter valued at approximately $139,000. Harbor Capital Advisors Inc. lifted its stake in Ecovyst by 13.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 2,000,444 shares of the company's stock valued at $15,283,000 after buying an additional 244,081 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ecovyst by 11.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,903,148 shares of the company's stock valued at $14,540,000 after buying an additional 198,817 shares during the period. Finally, State Street Corp increased its position in shares of Ecovyst by 1.4% during the third quarter. State Street Corp now owns 2,426,509 shares of the company's stock worth $16,622,000 after acquiring an additional 33,292 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company's stock.
Ecovyst Stock Down 0.9 %
ECVT stock traded down $0.05 during midday trading on Monday, hitting $5.82. The company's stock had a trading volume of 751,702 shares, compared to its average volume of 918,478. The company's fifty day moving average price is $6.72 and its 200 day moving average price is $7.26. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06. Ecovyst Inc. has a twelve month low of $5.24 and a twelve month high of $10.57. The stock has a market capitalization of $683.19 million, a P/E ratio of 12.65, a PEG ratio of 1.04 and a beta of 1.02.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on ECVT shares. BMO Capital Markets reduced their target price on shares of Ecovyst from $11.00 to $9.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. BWS Financial reaffirmed a "buy" rating and set a $12.00 price objective on shares of Ecovyst in a research report on Friday, February 28th.
View Our Latest Research Report on Ecovyst
About Ecovyst
(
Free Report)
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.
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