William Blair Investment Management LLC Raises Stock Holdings in Ecovyst Inc. (NYSE:ECVT)

William Blair Investment Management LLC grew its holdings in shares of Ecovyst Inc. (NYSE:ECVT) by 1.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,601,346 shares of the company’s stock after purchasing an additional 67,338 shares during the quarter. William Blair Investment Management LLC’s holdings in Ecovyst were worth $27,514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ECVT. Spire Wealth Management increased its position in shares of Ecovyst by 72.9% during the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock valued at $34,000 after purchasing an additional 1,896 shares during the last quarter. Cibc World Markets Corp purchased a new stake in shares of Ecovyst during the 4th quarter valued at about $83,000. Capstone Investment Advisors LLC purchased a new stake in shares of Ecovyst during the 3rd quarter valued at about $86,000. Quantinno Capital Management LP purchased a new stake in shares of Ecovyst during the 3rd quarter valued at about $123,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Ecovyst during the 4th quarter valued at approximately $139,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Trading Down 0.2 %

ECVT stock opened at $6.68 on Wednesday. Ecovyst Inc. has a 1-year low of $6.02 and a 1-year high of $11.35. 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 $783.42 million, a price-to-earnings ratio of 14.51, a PEG ratio of 1.04 and a beta of 1.04. The business has a 50 day simple moving average of $7.59 and a two-hundred day simple moving average of $7.37.

Analyst Ratings Changes

A number of brokerages recently issued reports on ECVT. Citigroup boosted their price objective on Ecovyst from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. BMO Capital Markets cut their price objective on Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Finally, BWS Financial reiterated a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a research note on Friday, February 28th.

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.