Rhumbline Advisers Buys 62,736 Shares of Ecovyst Inc. (NYSE:ECVT)

Rhumbline Advisers raised its holdings in Ecovyst Inc. (NYSE:ECVT - Free Report) by 34.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 246,312 shares of the company's stock after buying an additional 62,736 shares during the quarter. Rhumbline Advisers owned 0.21% of Ecovyst worth $1,882,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Spire Wealth Management grew its stake in shares of Ecovyst by 72.9% in the fourth quarter. Spire Wealth Management now owns 4,496 shares of the company's stock worth $34,000 after acquiring an additional 1,896 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in Ecovyst in the 3rd quarter valued at $86,000. Quantinno Capital Management LP acquired a new stake in Ecovyst in the 3rd quarter worth $123,000. EP Wealth Advisors LLC bought a new position in shares of Ecovyst during the 3rd quarter worth about $177,000. Finally, Intech Investment Management LLC acquired a new position in shares of Ecovyst during the third quarter valued at about $184,000. 86.69% of the stock is owned by institutional investors.

Ecovyst Price Performance

NYSE:ECVT traded up $0.09 during mid-day trading on Friday, hitting $7.03. The company's stock had a trading volume of 554,367 shares, compared to its average volume of 875,280. The company has a market capitalization of $824.50 million, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.04 and a beta of 1.04. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17. Ecovyst Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $11.35. The stock has a fifty day moving average of $7.73 and a 200-day moving average of $7.37.

Remove Ads

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ECVT shares. BWS Financial reissued a "buy" rating and set a $12.00 target price on shares of Ecovyst in a research report on Friday, February 28th. BMO Capital Markets decreased their price objective on Ecovyst from $11.00 to $9.00 and set an "outperform" rating on the stock in a report on Monday. Finally, Citigroup upped their target price on Ecovyst from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th.

About Ecovyst

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.