Creative Planning Buys New Shares in Ecovyst Inc. (NYSE:ECVT)

Creative Planning bought a new stake in shares of Ecovyst Inc. (NYSE:ECVT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 45,324 shares of the company’s stock, valued at approximately $310,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ECVT. Harbor Capital Advisors Inc. lifted its stake in Ecovyst by 298.1% during the second quarter. Harbor Capital Advisors Inc. now owns 951,235 shares of the company’s stock valued at $8,533,000 after purchasing an additional 712,292 shares during the last quarter. Foundry Partners LLC acquired a new stake in Ecovyst during the second quarter valued at approximately $4,401,000. William Blair Investment Management LLC lifted its stake in Ecovyst by 10.1% during the first quarter. William Blair Investment Management LLC now owns 3,650,404 shares of the company’s stock valued at $40,702,000 after purchasing an additional 334,004 shares during the last quarter. Sei Investments Co. lifted its stake in Ecovyst by 57.1% during the second quarter. Sei Investments Co. now owns 818,770 shares of the company’s stock valued at $7,344,000 after purchasing an additional 297,594 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its position in shares of Ecovyst by 20.4% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,729,796 shares of the company’s stock valued at $15,516,000 after acquiring an additional 292,637 shares in the last quarter. 86.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ECVT has been the subject of several research analyst reports. KeyCorp reduced their price target on shares of Ecovyst from $13.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Citigroup reduced their price target on shares of Ecovyst from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, July 12th. BWS Financial restated a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a research report on Friday, November 1st. Finally, BMO Capital Markets reduced their price target on shares of Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, November 1st.

Ecovyst Stock Down 2.7 %

Ecovyst stock opened at $8.03 on Friday. The firm has a market cap of $935.58 million, a PE ratio of 17.46, a P/E/G ratio of 1.85 and a beta of 1.01. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.18 and a current ratio of 2.54. The firm’s 50 day moving average price is $6.74 and its two-hundred day moving average price is $8.07. Ecovyst Inc. has a twelve month low of $6.02 and a twelve month high of $11.35.

About Ecovyst

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.