Vanguard Group Inc. Acquires 56,142 Shares of Ecovyst Inc. (NYSE:ECVT)

Vanguard Group Inc. boosted its holdings in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 0.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,926,133 shares of the company's stock after acquiring an additional 56,142 shares during the period. Vanguard Group Inc. owned 9.38% of Ecovyst worth $83,476,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ECVT. Spire Wealth Management lifted its stake in Ecovyst by 72.9% in the fourth 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. Cibc World Markets Corp bought a new stake in shares of Ecovyst in the 4th quarter valued at about $83,000. Virtu Financial LLC acquired a new stake in shares of Ecovyst in the 4th quarter valued at approximately $119,000. AXQ Capital LP bought a new position in Ecovyst during the 4th quarter worth approximately $132,000. Finally, Quantinno Capital Management LP acquired a new position in Ecovyst during the third quarter valued at approximately $123,000. Institutional investors own 86.69% of the company's stock.

Ecovyst Stock Up 0.4 %

Shares of ECVT stock traded up $0.03 on Tuesday, hitting $5.94. 91,308 shares of the stock were exchanged, compared to its average volume of 901,619. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $696.69 million, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02. Ecovyst Inc. has a fifty-two week low of $5.24 and a fifty-two week high of $10.57. The business has a 50-day moving average of $6.89 and a 200 day moving average of $7.28.

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Analyst Ratings Changes

ECVT has been the topic of a number of recent analyst reports. 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. BWS Financial restated a "buy" rating and issued a $12.00 price target on shares of Ecovyst in a report on Friday, February 28th. Finally, Citigroup raised their price target on Ecovyst from $8.00 to $9.00 and gave the stock a "buy" rating in a research report 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.