Ecovyst Inc. (NYSE:ECVT) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Ecovyst Inc. (NYSE:ECVT) by 11.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,903,148 shares of the company’s stock after purchasing an additional 198,817 shares during the period. Charles Schwab Investment Management Inc. owned 1.63% of Ecovyst worth $14,540,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Proficio Capital Partners LLC acquired a new stake in shares of Ecovyst during the fourth quarter worth $139,000. New York State Common Retirement Fund increased its holdings in shares of Ecovyst by 31.7% in the 4th quarter. New York State Common Retirement Fund now owns 29,081 shares of the company’s stock worth $222,000 after acquiring an additional 7,000 shares during the period. Rhumbline Advisers increased its holdings in shares of Ecovyst by 34.2% in the 4th quarter. Rhumbline Advisers now owns 246,312 shares of the company’s stock worth $1,882,000 after acquiring an additional 62,736 shares during the period. Empowered Funds LLC increased its holdings in shares of Ecovyst by 5.1% in the 4th quarter. Empowered Funds LLC now owns 320,079 shares of the company’s stock worth $2,445,000 after acquiring an additional 15,473 shares during the period. Finally, Spire Wealth Management increased its holdings in shares of Ecovyst by 72.9% in the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock worth $34,000 after acquiring an additional 1,896 shares during the period. 86.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. BWS Financial reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Ecovyst in a report on Friday, February 28th. Citigroup increased their price objective on shares of Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, BMO Capital Markets dropped their price objective on shares of Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd.

Ecovyst Stock Down 5.0 %

Ecovyst stock opened at $6.59 on Friday. The stock has a market cap of $772.86 million, a price-to-earnings ratio of 14.32, a PEG ratio of 1.04 and a beta of 1.04. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17. The company’s 50-day moving average price is $7.56 and its two-hundred day moving average price is $7.36. Ecovyst Inc. has a 52 week low of $6.02 and a 52 week high of $11.35.

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.