Vanguard Group Inc. Has $83.48 Million Stake in Ecovyst Inc. (NYSE:ECVT)

Vanguard Group Inc. grew its holdings in Ecovyst Inc. (NYSE:ECVT) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,926,133 shares of the company’s stock after acquiring an additional 56,142 shares during the quarter. Vanguard Group Inc. owned 0.09% of Ecovyst worth $83,476,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quantinno Capital Management LP acquired a new stake in Ecovyst during the 3rd quarter valued at $123,000. State Street Corp increased its stake in Ecovyst by 1.4% in the third quarter. State Street Corp now owns 2,426,509 shares of the company’s stock valued at $16,622,000 after purchasing an additional 33,292 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Ecovyst in the third quarter worth about $177,000. Barclays PLC lifted its holdings in shares of Ecovyst by 198.1% during 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 in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Ecovyst by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,535,792 shares of the company’s stock worth $17,374,000 after acquiring an additional 55,884 shares during the period. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Ecovyst Price Performance

Shares of ECVT opened at $6.02 on Thursday. The business has a 50-day simple moving average of $7.02 and a two-hundred day simple moving average of $7.29. Ecovyst Inc. has a 12-month low of $5.24 and a 12-month high of $10.76. The stock has a market cap of $706.55 million, a PE ratio of 13.09, a PEG ratio of 1.04 and a beta of 1.02. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. BWS Financial reissued a “buy” rating and issued a $12.00 target price on shares of Ecovyst in a research report on Friday, February 28th. 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. Finally, BMO Capital Markets decreased their target price on Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd.

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.