Raymond James Financial Inc. purchased a new stake in Ecovyst Inc. (NYSE:ECVT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 354,137 shares of the company's stock, valued at approximately $2,706,000. Raymond James Financial Inc. owned approximately 0.30% of Ecovyst at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of ECVT. Spire Wealth Management grew its holdings in Ecovyst by 72.9% in the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company's stock valued at $34,000 after buying an additional 1,896 shares during the period. Capstone Investment Advisors LLC acquired a new position in Ecovyst in the 3rd quarter worth $86,000. Quantinno Capital Management LP purchased a new position in Ecovyst in the third quarter valued at about $123,000. Proficio Capital Partners LLC acquired a new stake in shares of Ecovyst during the fourth quarter worth approximately $139,000. Finally, EP Wealth Advisors LLC acquired a new position in Ecovyst during the 3rd quarter worth $177,000. Institutional investors and hedge funds own 86.69% of the company's stock.
Ecovyst Price Performance
NYSE ECVT traded up $0.28 during trading on Wednesday, reaching $6.47. 708,664 shares of the company traded hands, compared to its average volume of 888,073. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. The stock's 50 day moving average price is $7.31 and its two-hundred day moving average price is $7.34. Ecovyst Inc. has a 1-year low of $6.02 and a 1-year high of $11.21. The company has a market cap of $759.36 million, a price-to-earnings ratio of 14.07, a P/E/G ratio of 1.04 and a beta of 1.04.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on ECVT. Citigroup raised their price target on Ecovyst from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. BWS Financial reissued a "buy" rating and set a $12.00 target price on shares of Ecovyst in a research note on Friday, February 28th. Finally, BMO Capital Markets cut their price objective on Ecovyst from $11.00 to $9.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd.
View Our Latest Stock Report on Ecovyst
Ecovyst Company Profile
(
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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