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

Thompson Siegel & Walmsley LLC raised its stake in Ecovyst Inc. (NYSE:ECVT) by 26.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,192,113 shares of the company’s stock after acquiring an additional 462,317 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 1.88% of Ecovyst worth $15,016,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ECVT. Innealta Capital LLC bought a new stake in shares of Ecovyst in the second quarter worth about $35,000. CWM LLC increased its stake in Ecovyst by 6,920.7% in the 2nd quarter. CWM LLC now owns 4,072 shares of the company’s stock worth $37,000 after acquiring an additional 4,014 shares during the last quarter. Quarry LP boosted 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 valued at $41,000 after acquiring an additional 1,721 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Ecovyst in the second quarter valued at $95,000. Finally, Algert Global LLC bought a new stake in Ecovyst in the second quarter worth $106,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Stock Down 1.4 %

Shares of NYSE ECVT opened at $8.00 on Thursday. The company has a market cap of $932.08 million, a P/E ratio of 17.39, a PEG ratio of 1.81 and a beta of 1.01. The firm has a 50-day simple moving average of $6.97 and a two-hundred day simple moving average of $7.96. 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.

Analysts Set New Price Targets

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

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.