Empowered Funds LLC Purchases Shares of 304,606 Ecovyst Inc. (NYSE:ECVT)

Empowered Funds LLC acquired a new stake in Ecovyst Inc. (NYSE:ECVT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 304,606 shares of the company’s stock, valued at approximately $2,087,000. Empowered Funds LLC owned about 0.26% of Ecovyst at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ECVT. Bank of New York Mellon Corp increased its position in Ecovyst by 27.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 459,343 shares of the company’s stock worth $4,120,000 after purchasing an additional 98,719 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in Ecovyst by 3.7% in the first quarter. Westwood Holdings Group Inc. now owns 5,026,022 shares of the company’s stock worth $56,040,000 after purchasing an additional 178,001 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Ecovyst by 84.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,756,363 shares of the company’s stock worth $12,031,000 after purchasing an additional 805,128 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of Ecovyst by 20.4% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,729,796 shares of the company’s stock valued at $15,516,000 after buying an additional 292,637 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Ecovyst by 19.8% in the second quarter. The Manufacturers Life Insurance Company now owns 59,633 shares of the company’s stock valued at $535,000 after acquiring an additional 9,840 shares in the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Stock Performance

Shares of NYSE:ECVT opened at $8.00 on Thursday. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. The firm has a market cap of $932.08 million, a PE ratio of 17.39, a PEG ratio of 1.83 and a beta of 1.01. The company’s 50 day moving average price is $6.97 and its two-hundred day moving average price is $7.96. Ecovyst Inc. has a 12-month low of $6.02 and a 12-month high of $11.35.

Wall Street Analysts Forecast Growth

ECVT has been the topic of a number of recent analyst reports. KeyCorp cut their price target on shares of Ecovyst from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. BMO Capital Markets dropped their price target on Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, BWS Financial reiterated a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research report on Friday, November 1st.

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.