Ecovyst Inc. (NYSE:ECVT) Shares Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC boosted its stake in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,601,346 shares of the company's stock after buying an additional 67,338 shares during the quarter. William Blair Investment Management LLC owned approximately 3.09% of Ecovyst worth $27,514,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Spire Wealth Management raised its holdings in shares of 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 purchasing an additional 1,896 shares in the last quarter. Cibc World Markets Corp bought a new stake in shares of Ecovyst in the 4th quarter valued at about $83,000. Capstone Investment Advisors LLC bought a new stake in shares of Ecovyst in the 3rd quarter valued at about $86,000. Quantinno Capital Management LP bought a new stake in shares of Ecovyst in the 3rd quarter valued at about $123,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Ecovyst in the 4th quarter valued at about $139,000. Institutional investors own 86.69% of the company's stock.

Ecovyst Stock Performance

NYSE:ECVT traded down $0.19 during trading hours on Friday, hitting $6.40. 1,353,842 shares of the company were exchanged, compared to its average volume of 878,078. The stock has a market capitalization of $750.56 million, a price-to-earnings ratio of 13.90, a PEG ratio of 1.04 and a beta of 1.04. Ecovyst Inc. has a 52-week low of $6.02 and a 52-week high of $11.35. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06. The company's 50 day moving average price is $7.54 and its 200-day moving average price is $7.35.

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Analysts Set New Price Targets

Several research firms have recently commented on ECVT. BMO Capital Markets reduced their price target on shares of Ecovyst from $11.00 to $9.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. BWS Financial reaffirmed a "buy" rating and issued a $12.00 price objective on shares of Ecovyst in a research report on Friday, February 28th. Finally, Citigroup lifted their price objective on shares of 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.