Charles Schwab Investment Management Inc. Has $11.68 Million Stock Position in Ecovyst Inc. (NYSE:ECVT)

Charles Schwab Investment Management Inc. grew its holdings in Ecovyst Inc. (NYSE:ECVT) by 15.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,704,331 shares of the company’s stock after purchasing an additional 230,351 shares during the period. Charles Schwab Investment Management Inc. owned about 1.46% of Ecovyst worth $11,675,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Ecovyst in the 2nd quarter valued at $35,000. CWM LLC raised its holdings in Ecovyst by 6,920.7% during the second quarter. CWM LLC now owns 4,072 shares of the company’s stock worth $37,000 after acquiring an additional 4,014 shares in the last quarter. Quarry LP boosted its position in Ecovyst by 61.2% during the second quarter. Quarry LP now owns 4,533 shares of the company’s stock valued at $41,000 after purchasing an additional 1,721 shares during the last quarter. SG Americas Securities LLC bought a new position in Ecovyst in the second quarter valued at approximately $95,000. Finally, Algert Global LLC acquired a new position in shares of Ecovyst during the 2nd quarter worth approximately $106,000. Institutional investors own 86.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. BWS Financial reissued a “buy” rating and issued a $12.00 price objective on shares of Ecovyst in a report on Wednesday, December 4th. BMO Capital Markets increased their price target on shares of Ecovyst from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd.

Ecovyst Stock Performance

ECVT opened at $8.06 on Monday. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. Ecovyst Inc. has a 12-month low of $6.02 and a 12-month high of $11.35. The business has a 50 day moving average of $7.33 and a 200-day moving average of $7.81. The stock has a market cap of $939.07 million, a price-to-earnings ratio of 17.52, a PEG ratio of 1.83 and a beta of 1.06.

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.