Vanguard Group Inc. Increases Stake in Ecovyst Inc. (NYSE:ECVT)

Vanguard Group Inc. boosted its position in Ecovyst Inc. (NYSE:ECVT) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,926,133 shares of the company’s stock after acquiring an additional 56,142 shares during the quarter. Vanguard Group Inc. owned 9.38% of Ecovyst worth $83,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. William Blair Investment Management LLC boosted its position in Ecovyst by 1.9% during the 4th quarter. William Blair Investment Management LLC now owns 3,601,346 shares of the company’s stock worth $27,514,000 after purchasing an additional 67,338 shares during the period. Geode Capital Management LLC raised its stake in Ecovyst by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,535,792 shares of the company’s stock valued at $17,374,000 after buying an additional 55,884 shares in the last quarter. State Street Corp lifted its stake in Ecovyst by 1.4% during the third 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 during the last quarter. Boston Partners lifted its position in shares of Ecovyst by 30.2% in the 4th quarter. Boston Partners now owns 2,401,811 shares of the company’s stock worth $18,405,000 after buying an additional 557,249 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Ecovyst by 13.9% in 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. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Stock Performance

ECVT stock opened at $6.02 on Thursday. The stock has a market cap of $706.55 million, a P/E ratio of 13.09, a P/E/G ratio of 1.04 and a beta of 1.02. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. The firm has a 50 day simple moving average of $7.02 and a 200 day simple moving average of $7.29. Ecovyst Inc. has a 52 week low of $5.24 and a 52 week high of $10.76.

Analyst Upgrades and Downgrades

ECVT has been the subject of several recent research reports. Citigroup upped their price target 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. BMO Capital Markets cut their price objective on Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Finally, BWS Financial reaffirmed a “buy” rating and set a $12.00 target price on shares of Ecovyst in a report on Friday, February 28th.

Ecovyst Company 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.