354,137 Shares in Ecovyst Inc. (NYSE:ECVT) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in Ecovyst Inc. (NYSE:ECVT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 354,137 shares of the company’s stock, valued at approximately $2,706,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in Ecovyst during the 4th quarter valued at about $139,000. Charles Schwab Investment Management Inc. grew its position in Ecovyst by 11.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,903,148 shares of the company’s stock worth $14,540,000 after purchasing an additional 198,817 shares during the last quarter. New York State Common Retirement Fund increased its stake in Ecovyst by 31.7% during the fourth quarter. New York State Common Retirement Fund now owns 29,081 shares of the company’s stock valued at $222,000 after acquiring an additional 7,000 shares during the period. Rhumbline Advisers raised its stake in shares of Ecovyst by 34.2% in the fourth quarter. Rhumbline Advisers now owns 246,312 shares of the company’s stock valued at $1,882,000 after purchasing an additional 62,736 shares in the last quarter. Finally, Empowered Funds LLC raised its position in Ecovyst by 5.1% in the fourth quarter. Empowered Funds LLC now owns 320,079 shares of the company’s stock worth $2,445,000 after purchasing an additional 15,473 shares in the last quarter. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ECVT shares. Citigroup increased their target price 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 dropped 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 restated a “buy” rating and issued a $12.00 price objective on shares of Ecovyst in a research report on Friday, February 28th.

Ecovyst Trading Down 3.6 %

NYSE ECVT opened at $6.31 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. Ecovyst Inc. has a 52 week low of $6.02 and a 52 week high of $11.21. The stock’s 50 day moving average price is $7.41 and its two-hundred day moving average price is $7.34. The stock has a market capitalization of $740.00 million, a price-to-earnings ratio of 13.71, a PEG ratio of 1.04 and a beta of 1.04.

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.