Thompson Siegel & Walmsley LLC Buys 462,317 Shares of Ecovyst Inc. (NYSE:ECVT)

Thompson Siegel & Walmsley LLC boosted its stake in shares of Ecovyst Inc. (NYSE:ECVT) by 26.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 2,192,113 shares of the company’s stock after purchasing an additional 462,317 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Ecovyst were worth $15,016,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Innealta Capital LLC purchased a new position in Ecovyst during the 2nd quarter worth $35,000. CWM LLC grew its position in shares of Ecovyst by 6,920.7% during the 2nd quarter. CWM LLC now owns 4,072 shares of the company’s stock worth $37,000 after buying an additional 4,014 shares in the last quarter. Quarry LP grew its position in shares of Ecovyst by 61.2% during the 2nd quarter. Quarry LP now owns 4,533 shares of the company’s stock worth $41,000 after buying an additional 1,721 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Ecovyst during the second quarter valued at $95,000. Finally, Algert Global LLC bought a new stake in shares of Ecovyst in the second quarter valued at about $106,000. Institutional investors own 86.69% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ECVT. BWS Financial reiterated a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a research note on Friday, November 1st. KeyCorp cut their price objective on shares of Ecovyst from $13.00 to $10.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, BMO Capital Markets decreased their target price on shares of Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, November 1st.

Ecovyst Trading Down 1.4 %

Shares of Ecovyst stock opened at $8.00 on Thursday. The firm’s 50 day simple moving average is $6.97 and its two-hundred day simple moving average is $7.96. The firm has a market capitalization of $932.08 million, a price-to-earnings ratio of 17.39, a PEG ratio of 1.81 and a beta of 1.01. Ecovyst Inc. has a 12-month low of $6.02 and a 12-month high of $11.35. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17.

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.