William Blair Investment Management LLC Acquires 67,338 Shares of Ecovyst Inc. (NYSE:ECVT)

William Blair Investment Management LLC grew its holdings in shares of Ecovyst Inc. (NYSE:ECVT) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,601,346 shares of the company’s stock after buying an additional 67,338 shares during the period. William Blair Investment Management LLC owned 3.09% of Ecovyst worth $27,514,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ECVT. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Ecovyst by 27.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 12,852,925 shares of the company’s stock valued at $88,043,000 after buying an additional 2,753,470 shares in the last quarter. Western Standard LLC bought a new stake in shares of Ecovyst during the 3rd quarter valued at $4,782,000. Thompson Siegel & Walmsley LLC boosted its stake in Ecovyst by 26.7% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,192,113 shares of the company’s stock worth $15,016,000 after purchasing an additional 462,317 shares in the last quarter. Raymond James Financial Inc. bought a new position in Ecovyst in the 4th quarter worth about $2,706,000. Finally, Empowered Funds LLC bought a new position in Ecovyst in the 3rd quarter worth about $2,087,000. Institutional investors own 86.69% of the company’s stock.

Ecovyst Price Performance

Shares of NYSE:ECVT opened at $6.68 on Wednesday. Ecovyst Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $11.35. The business has a 50-day simple moving average of $7.59 and a two-hundred day simple moving average of $7.37. 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 firm has a market cap of $783.42 million, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 1.04 and a beta of 1.04.

Wall Street Analysts Forecast Growth

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

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.