Sterling Capital Management LLC Acquires 57,870 Shares of Ecovyst Inc. (NYSE:ECVT)

Sterling Capital Management LLC grew its holdings in Ecovyst Inc. (NYSE:ECVT - Free Report) by 14,218.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,277 shares of the company's stock after acquiring an additional 57,870 shares during the quarter. Sterling Capital Management LLC owned 0.05% of Ecovyst worth $445,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC boosted its holdings in Ecovyst by 198.1% in 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 during the period. Proficio Capital Partners LLC acquired a new stake in Ecovyst during the fourth quarter worth about $139,000. Harbor Capital Advisors Inc. increased its stake in Ecovyst by 13.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 2,000,444 shares of the company's stock valued at $15,283,000 after acquiring an additional 244,081 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Ecovyst by 11.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,903,148 shares of the company's stock worth $14,540,000 after acquiring an additional 198,817 shares during the period. Finally, State Street Corp grew its holdings in shares of Ecovyst by 1.4% during the 3rd quarter. State Street Corp now owns 2,426,509 shares of the company's stock worth $16,622,000 after purchasing an additional 33,292 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company's stock.

Ecovyst Stock Up 1.0 %

Shares of NYSE:ECVT opened at $5.88 on Friday. The company's fifty day moving average is $6.72 and its 200-day moving average is $7.25. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. Ecovyst Inc. has a 52 week low of $5.24 and a 52 week high of $10.57. The company has a market capitalization of $689.76 million, a PE ratio of 12.77, a P/E/G ratio of 1.04 and a beta of 1.02.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ECVT shares. BMO Capital Markets cut their target price on 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 reissued a "buy" rating and issued a $12.00 target price on shares of Ecovyst in a research note 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.

Want to see what other hedge funds are holding ECVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ecovyst Inc. (NYSE:ECVT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.