Arizona State Retirement System lifted its position in Ecovyst Inc. (NYSE:ECVT – Get Rating) by 32.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,423 shares of the company’s stock after purchasing an additional 5,462 shares during the quarter. Arizona State Retirement System’s holdings in Ecovyst were worth $199,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of ECVT. Tower Research Capital LLC TRC increased its holdings in Ecovyst by 112.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the company’s stock worth $55,000 after buying an additional 3,417 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Ecovyst in the second quarter worth $65,000. New York State Teachers Retirement System purchased a new position in shares of Ecovyst during the fourth quarter worth $59,000. Sandia Investment Management LP acquired a new position in Ecovyst during the third quarter valued at $63,000. Finally, Amalgamated Bank boosted its holdings in Ecovyst by 21.1% in the third quarter. Amalgamated Bank now owns 9,819 shares of the company’s stock valued at $83,000 after purchasing an additional 1,714 shares during the last quarter. Institutional investors and hedge funds own 74.10% of the company’s stock.
Ecovyst Stock Performance
NYSE ECVT opened at $10.63 on Thursday. The company has a current ratio of 2.03, a quick ratio of 1.61 and a debt-to-equity ratio of 1.28. Ecovyst Inc. has a twelve month low of $8.20 and a twelve month high of $11.75. The stock has a 50-day moving average of $10.90 and a 200 day moving average of $10.18. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 21.69 and a beta of 0.91.
In other Ecovyst news, major shareholder Ccmp Capital, Lp sold 11,490,444 shares of Ecovyst stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $9.95, for a total transaction of $114,329,917.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.08% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have weighed in on ECVT. CL King lifted their price objective on Ecovyst from $13.50 to $15.50 in a research note on Monday, March 6th. KeyCorp upped their price objective on Ecovyst from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 1st. TheStreet lowered shares of Ecovyst from a “b” rating to a “c+” rating in a report on Thursday, May 4th. Finally, Citigroup boosted their target price on shares of Ecovyst from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, March 2nd.
Ecovyst, Inc engages in the manufacture of specialty catalysts, materials and chemicals. It operates through the following segments: Refining Services, Catalysts and Performance Chemicals. The Refining Services segment offers sulfuric acid, virgin sulfuric acid, Oleum ECO services, sulfuric acid regeneration, aluminum sulfate, treatment services and industrial field services.
- Get a free copy of the StockNews.com research report on Ecovyst (ECVT)
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