Raymond James Financial Inc. Invests $2.71 Million in Ecovyst Inc. (NYSE:ECVT)

Raymond James Financial Inc. bought a new stake in Ecovyst Inc. (NYSE:ECVT) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 354,137 shares of the company’s stock, valued at approximately $2,706,000.

Several other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management raised its holdings in shares of Ecovyst by 72.9% in the fourth quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock valued at $34,000 after purchasing an additional 1,896 shares during the last quarter. Cibc World Markets Corp acquired a new position in shares of Ecovyst during the 4th quarter worth about $83,000. Virtu Financial LLC bought a new position in shares of Ecovyst in the 4th quarter valued at about $119,000. AXQ Capital LP acquired a new stake in shares of Ecovyst in the fourth quarter valued at about $132,000. Finally, Proficio Capital Partners LLC bought a new stake in Ecovyst during the fourth quarter worth about $139,000. Institutional investors own 86.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ECVT. BMO Capital Markets dropped their price objective on Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. 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 Trading Down 1.2 %

ECVT stock opened at $5.79 on Tuesday. Ecovyst Inc. has a one year low of $5.24 and a one year high of $10.57. The stock has a market cap of $679.66 million, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02. The company has a fifty day moving average price of $6.43 and a two-hundred day moving average price of $7.22. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06.

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.