Caisse Des Depots ET Consignations Buys New Shares in Ecovyst Inc. (NYSE:ECVT)

Caisse Des Depots ET Consignations purchased a new stake in shares of Ecovyst Inc. (NYSE:ECVT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,899 shares of the company’s stock, valued at approximately $144,000.

Several other large investors have also recently bought and sold shares of ECVT. Spire Wealth Management boosted 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 valued at $34,000 after buying an additional 1,896 shares during the last quarter. New York State Common Retirement Fund raised its position in Ecovyst by 31.7% during the fourth 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 in the last quarter. Cibc World Markets Corp acquired a new stake in Ecovyst in the fourth quarter valued at $83,000. Capstone Investment Advisors LLC bought a new position in shares of Ecovyst in the 3rd quarter valued at about $86,000. Finally, Intech Investment Management LLC increased its stake in shares of Ecovyst by 50.9% during the 4th quarter. Intech Investment Management LLC now owns 40,439 shares of the company’s stock worth $309,000 after purchasing an additional 13,645 shares during the last quarter. 86.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on ECVT shares. Citigroup lifted their price target on Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. BMO Capital Markets reduced their target price 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 restated a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a research note on Friday, February 28th.

Ecovyst Trading Up 3.9 %

Shares of ECVT stock opened at $6.54 on Friday. Ecovyst Inc. has a 12-month low of $6.02 and a 12-month high of $11.35. The company has a market capitalization of $768.05 million, a PE ratio of 14.23, a price-to-earnings-growth ratio of 1.04 and a beta of 1.04. The firm has a 50 day moving average price of $7.44 and a two-hundred day moving average price of $7.34. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17.

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.