Cookson Peirce & Co. Inc. acquired a new stake in Ecovyst Inc. (NYSE:ECVT – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 98,579 shares of the company’s stock, valued at approximately $1,227,000.
Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Ecovyst by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 11,112,611 shares of the company’s stock worth $108,126,000 after acquiring an additional 191,394 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Ecovyst during the second quarter worth $132,792,000. Rubric Capital Management LP grew its stake in shares of Ecovyst by 1.0% in the fourth quarter. Rubric Capital Management LP now owns 10,500,000 shares of the company’s stock worth $102,165,000 after purchasing an additional 100,000 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Ecovyst by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 6,498,654 shares of the company’s stock valued at $83,573,000 after purchasing an additional 111,376 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Ecovyst by 246.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,829,034 shares of the company’s stock valued at $62,101,000 after purchasing an additional 3,435,942 shares during the period. 86.69% of the stock is currently owned by institutional investors and hedge funds.
Ecovyst Stock Performance
Shares of ECVT stock opened at $10.10 on Monday. Ecovyst Inc. has a 12 month low of $7.41 and a 12 month high of $15.09. The firm’s 50 day moving average is $11.57 and its 200 day moving average is $12.43. The company has a current ratio of 1.70, a quick ratio of 1.44 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $1.11 billion, a P/E ratio of -19.06, a PEG ratio of 0.44 and a beta of 1.10.
Analyst Ratings Changes
Several research firms recently issued reports on ECVT. BWS Financial restated a “buy” rating and issued a $16.00 target price on shares of Ecovyst in a report on Thursday, August 6th. Freedom Capital raised shares of Ecovyst to a “strong-buy” rating in a research report on Monday, June 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ecovyst in a report on Monday, June 1st. Wall Street Zen raised shares of Ecovyst from a “hold” rating to a “buy” rating in a research report on Sunday, August 16th. Finally, Citigroup started coverage on Ecovyst in a research note on Wednesday, June 24th. They set an “overweight” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.90.
Read Our Latest Stock Report on ECVT
Ecovyst Company Profile
Ecovyst Inc is a global specialty chemicals company that develops, manufactures and markets performance-enhancing products for industrial applications. The company’s core offerings include catalysts, phosphorus-based additives and barium carbonate materials, all designed to improve process efficiency, product quality and environmental performance. Ecovyst serves a diverse customer base in the energy, refining, chemical, polymer, food and consumer goods industries.
The company’s Catalysts segment supplies fluid catalytic cracking (FCC) and hydroprocessing catalysts that help petroleum refiners maximize fuel yield, reduce sulfur emissions and meet increasingly stringent environmental standards.
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