Caisse Des Depots ET Consignations Invests $144,000 in Ecovyst Inc. (NYSE:ECVT)

Caisse Des Depots ET Consignations purchased a new stake in Ecovyst Inc. (NYSE:ECVT) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 18,899 shares of the company’s stock, valued at approximately $144,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ECVT. Spire Wealth Management increased its holdings in Ecovyst by 72.9% in the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock valued at $34,000 after buying an additional 1,896 shares during the period. Cibc World Markets Corp acquired a new stake in shares of Ecovyst during the 4th quarter worth approximately $83,000. Capstone Investment Advisors LLC bought a new position in Ecovyst in the third quarter valued at approximately $86,000. Virtu Financial LLC acquired a new position in Ecovyst during the fourth quarter valued at approximately $119,000. Finally, AXQ Capital LP bought a new stake in Ecovyst during the fourth quarter worth $132,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ECVT shares. Citigroup lifted their price target 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 decreased their target price on Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Finally, BWS Financial reissued a “buy” rating and issued a $12.00 target price on shares of Ecovyst in a report on Friday, February 28th.

Ecovyst Stock Up 3.9 %

Shares of ECVT opened at $6.54 on Friday. The stock has a market capitalization of $768.05 million, a price-to-earnings ratio of 14.23, a PEG ratio of 1.04 and a beta of 1.04. Ecovyst Inc. has a 52 week low of $6.02 and a 52 week high of $11.35. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. The stock has a fifty day moving average of $7.44 and a 200-day moving average of $7.34.

Ecovyst 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.