Ecovyst Inc. (NYSE:ECVT) Shares Acquired by Boston Partners

Boston Partners raised its stake in shares of Ecovyst Inc. (NYSE:ECVT) by 30.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,401,811 shares of the company’s stock after purchasing an additional 557,249 shares during the period. Boston Partners owned 2.06% of Ecovyst worth $18,405,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ECVT. Spire Wealth Management increased its stake in Ecovyst by 72.9% during the fourth quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock worth $34,000 after acquiring an additional 1,896 shares during the last quarter. New York State Common Retirement Fund increased its position in Ecovyst by 31.7% during the 4th quarter. New York State Common Retirement Fund now owns 29,081 shares of the company’s stock worth $222,000 after purchasing an additional 7,000 shares in the last quarter. Cibc World Markets Corp purchased a new position in Ecovyst in the fourth quarter valued at approximately $83,000. Capstone Investment Advisors LLC acquired a new position in Ecovyst during the third quarter valued at approximately $86,000. Finally, Intech Investment Management LLC grew its stake in Ecovyst by 50.9% during the fourth quarter. Intech Investment Management LLC now owns 40,439 shares of the company’s stock worth $309,000 after buying an additional 13,645 shares during the period. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Stock Performance

Ecovyst stock opened at $6.59 on Friday. Ecovyst Inc. has a 12-month low of $6.02 and a 12-month 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 has a market capitalization of $772.86 million, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 1.04 and a beta of 1.04. The firm’s fifty day moving average price is $7.56 and its 200 day moving average price is $7.36.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ECVT shares. BMO Capital Markets cut their target price on shares of Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. BWS Financial restated a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a research note on Friday, February 28th. Finally, Citigroup increased their target price on Ecovyst from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th.

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.