State Street Corp Has $16.62 Million Stock Position in Ecovyst Inc. (NYSE:ECVT)

State Street Corp lifted its stake in shares of Ecovyst Inc. (NYSE:ECVT) by 1.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,426,509 shares of the company’s stock after purchasing an additional 33,292 shares during the period. State Street Corp’s holdings in Ecovyst were worth $16,622,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP grew its holdings in Ecovyst by 61.2% in the 2nd quarter. Quarry LP now owns 4,533 shares of the company’s stock valued at $41,000 after buying an additional 1,721 shares in the last quarter. Innealta Capital LLC bought a new position in Ecovyst during the second quarter worth about $35,000. Arizona State Retirement System increased its holdings in shares of Ecovyst by 14.0% during the second quarter. Arizona State Retirement System now owns 32,751 shares of the company’s stock worth $294,000 after purchasing an additional 4,031 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Ecovyst by 19.8% in the second quarter. The Manufacturers Life Insurance Company now owns 59,633 shares of the company’s stock valued at $535,000 after buying an additional 9,840 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Ecovyst during the second quarter worth approximately $95,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

Ecovyst Stock Down 1.0 %

Shares of NYSE ECVT opened at $7.61 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 firm has a market cap of $886.64 million, a PE ratio of 16.54, a price-to-earnings-growth ratio of 1.67 and a beta of 1.06. The company has a 50 day simple moving average of $7.53 and a 200 day simple moving average of $7.69.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ECVT shares. BWS Financial reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Ecovyst in a report on Wednesday, December 4th. Citigroup increased their price objective 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, BMO Capital Markets upped their target price on Ecovyst from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd.

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.