Rhumbline Advisers Purchases 62,736 Shares of Ecovyst Inc. (NYSE:ECVT)

Rhumbline Advisers increased its position in shares of Ecovyst Inc. (NYSE:ECVT) by 34.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 246,312 shares of the company’s stock after buying an additional 62,736 shares during the quarter. Rhumbline Advisers owned about 0.21% of Ecovyst worth $1,882,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ECVT. Hotchkis & Wiley Capital Management LLC raised its position in shares of Ecovyst by 27.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 12,852,925 shares of the company’s stock worth $88,043,000 after purchasing an additional 2,753,470 shares during the period. Western Standard LLC bought a new stake in Ecovyst during the 3rd quarter valued at $4,782,000. Thompson Siegel & Walmsley LLC lifted its stake in shares of Ecovyst by 26.7% in the third quarter. Thompson Siegel & Walmsley LLC now owns 2,192,113 shares of the company’s stock valued at $15,016,000 after buying an additional 462,317 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Ecovyst during the third quarter valued at about $2,087,000. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Ecovyst by 13.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 2,000,444 shares of the company’s stock valued at $15,283,000 after buying an additional 244,081 shares during the last quarter. Institutional investors own 86.69% of the company’s stock.

Wall Street Analysts Forecast Growth

ECVT has been the topic of several recent research reports. Citigroup raised their price target 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. BMO Capital Markets dropped their target price on Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Monday. Finally, BWS Financial reiterated a “buy” rating and set a $12.00 price target on shares of Ecovyst in a report on Friday.

Ecovyst Price Performance

Ecovyst stock opened at $6.48 on Tuesday. Ecovyst Inc. has a 52 week low of $6.02 and a 52 week high of $11.35. The company’s 50 day moving average price is $7.78 and its two-hundred day moving average price is $7.38. The stock has a market cap of $754.98 million, a P/E ratio of 14.09, a P/E/G ratio of 1.04 and a beta of 1.05. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17.

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.