Ingevity Corp (NYSE:NGVT) Shares Bought by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC boosted its stake in shares of Ingevity Corp (NYSE:NGVT) by 7.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,661 shares of the company’s stock after buying an additional 952 shares during the period. Greenwood Capital Associates LLC’s holdings in Ingevity were worth $1,437,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Advisory Services Network LLC increased its holdings in shares of Ingevity by 54.3% during the 2nd quarter. Advisory Services Network LLC now owns 355 shares of the company’s stock worth $37,000 after buying an additional 125 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in Ingevity by 29.7% in the second quarter. Flagship Harbor Advisors LLC now owns 1,246 shares of the company’s stock worth $131,000 after acquiring an additional 285 shares during the period. Rockefeller Capital Management L.P. grew its position in Ingevity by 5,330.3% in the first quarter. Rockefeller Capital Management L.P. now owns 1,792 shares of the company’s stock worth $189,000 after acquiring an additional 1,759 shares during the period. ETF Managers Group LLC increased its stake in Ingevity by 8.3% during the first quarter. ETF Managers Group LLC now owns 1,941 shares of the company’s stock worth $205,000 after acquiring an additional 148 shares during the last quarter. Finally, Premier Asset Management LLC acquired a new stake in Ingevity during the second quarter worth $213,000. Institutional investors own 93.44% of the company’s stock.

Ingevity stock traded up $1.10 during trading on Wednesday, hitting $86.94. The company had a trading volume of 96,317 shares, compared to its average volume of 298,726. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.67 and a beta of 2.09. The company has a current ratio of 2.28, a quick ratio of 1.25 and a debt-to-equity ratio of 3.51. Ingevity Corp has a 1-year low of $72.59 and a 1-year high of $120.41. The company’s 50 day simple moving average is $83.76 and its 200-day simple moving average is $98.14.



Ingevity (NYSE:NGVT) last released its quarterly earnings results on Wednesday, July 24th. The company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. Ingevity had a return on equity of 54.67% and a net margin of 14.03%. The company had revenue of $352.80 million for the quarter, compared to analysts’ expectations of $362.06 million. During the same period in the prior year, the firm earned $1.12 earnings per share. The firm’s revenue was up 14.3% compared to the same quarter last year. As a group, analysts forecast that Ingevity Corp will post 4.91 earnings per share for the current fiscal year.

Several equities analysts have recently commented on NGVT shares. ValuEngine lowered Ingevity from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. BMO Capital Markets initiated coverage on Ingevity in a research report on Thursday, July 18th. They set an “outperform” rating and a $101.29 price objective for the company. Jefferies Financial Group lowered shares of Ingevity from a “buy” rating to a “hold” rating and reduced their price objective for the company from $129.00 to $107.00 in a report on Friday, July 19th. Loop Capital upgraded shares of Ingevity from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Finally, Berenberg Bank raised shares of Ingevity from a “hold” rating to a “buy” rating and decreased their target price for the company from $120.00 to $110.00 in a research report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Ingevity has an average rating of “Hold” and an average target price of $108.61.

About Ingevity

Ingevity Corporation manufactures and sells specialty chemicals and carbon materials in the United States and internationally. The company operates through two segments, Performance Materials and Performance Chemicals. The Performance Materials segment engineers, manufactures, and sells hardwood-based and chemically activated carbon products primarily for use in gasoline vapor emission control systems in cars, trucks, motorcycles, and boats.

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Institutional Ownership by Quarter for Ingevity (NYSE:NGVT)

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