Ecovyst Inc. (NYSE:ECVT) Shares Acquired by Barclays PLC

Barclays PLC lifted its stake in Ecovyst Inc. (NYSE:ECVT) by 198.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 178,032 shares of the company’s stock after purchasing an additional 118,303 shares during the quarter. Barclays PLC owned 0.15% of Ecovyst worth $1,220,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ECVT. Geode Capital Management LLC boosted its position in Ecovyst by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,535,792 shares of the company’s stock worth $17,374,000 after acquiring an additional 55,884 shares during the period. EP Wealth Advisors LLC purchased a new position in Ecovyst during the third quarter valued at approximately $177,000. Western Standard LLC acquired a new position in Ecovyst in the 3rd quarter valued at approximately $4,782,000. State Street Corp lifted its position in Ecovyst by 1.4% in the 3rd quarter. State Street Corp now owns 2,426,509 shares of the company’s stock worth $16,622,000 after buying an additional 33,292 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in shares of Ecovyst during the 3rd quarter valued at $123,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Price Performance

Ecovyst stock opened at $7.56 on Tuesday. The business has a 50 day simple moving average of $7.83 and a 200 day simple moving average of $7.53. 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 $880.82 million, a PE ratio of 16.44, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05. Ecovyst Inc. has a one year low of $6.02 and a one year high of $11.35.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ECVT shares. BMO Capital Markets raised their price target on Ecovyst from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Citigroup raised their price objective on shares of Ecovyst from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, BWS Financial reissued a “buy” rating and issued a $12.00 target price on shares of Ecovyst in a research report on Wednesday, December 4th.

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.