Harbor Capital Advisors Inc. Has $15.28 Million Stake in Ecovyst Inc. (NYSE:ECVT)

Harbor Capital Advisors Inc. boosted its stake in shares of Ecovyst Inc. (NYSE:ECVT) by 13.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,000,444 shares of the company’s stock after purchasing an additional 244,081 shares during the period. Ecovyst comprises approximately 0.7% of Harbor Capital Advisors Inc.’s holdings, making the stock its 15th largest position. Harbor Capital Advisors Inc. owned approximately 1.72% of Ecovyst worth $15,283,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Quarry LP increased its holdings 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. Arizona State Retirement System lifted its position in Ecovyst by 14.0% during the 2nd quarter. Arizona State Retirement System now owns 32,751 shares of the company’s stock worth $294,000 after acquiring an additional 4,031 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Ecovyst by 19.8% during the second quarter. The Manufacturers Life Insurance Company now owns 59,633 shares of the company’s stock valued at $535,000 after acquiring an additional 9,840 shares during the period. Algert Global LLC acquired a new stake in shares of Ecovyst in the second quarter valued at about $106,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of Ecovyst in the third quarter worth about $86,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Citigroup upped their price target on Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. BMO Capital Markets increased their price target on shares of Ecovyst from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, BWS Financial reaffirmed a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a research report on Wednesday, December 4th.

Ecovyst Price Performance

NYSE:ECVT traded down $0.11 during trading hours on Friday, reaching $7.31. The company had a trading volume of 113,054 shares, compared to its average volume of 531,097. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. The stock has a 50-day moving average of $7.84 and a two-hundred day moving average of $7.57. Ecovyst Inc. has a one year low of $6.02 and a one year high of $11.35. The firm has a market capitalization of $851.69 million, a PE ratio of 15.89, a PEG ratio of 1.67 and a beta of 1.05.

Ecovyst 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.