Nisa Investment Advisors LLC continued to hold its position in Ingevity Corp (NASDAQ:NGVT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,022 shares of the company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Ingevity Corp were worth $290,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp purchased a new position in Ingevity Corp during the first quarter valued at about $359,000. OppenheimerFunds Inc. raised its position in Ingevity Corp by 6.9% in the first quarter. OppenheimerFunds Inc. now owns 534,701 shares of the company’s stock valued at $32,537,000 after buying an additional 34,656 shares in the last quarter. Hosking Partners LLP raised its position in Ingevity Corp by 9.9% in the first quarter. Hosking Partners LLP now owns 21,455 shares of the company’s stock valued at $1,306,000 after buying an additional 1,939 shares in the last quarter. Wellington Management Group LLP raised its position in Ingevity Corp by 85.8% in the first quarter. Wellington Management Group LLP now owns 627,588 shares of the company’s stock valued at $38,188,000 after buying an additional 289,880 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new position in Ingevity Corp during the first quarter valued at about $353,000.
Shares of Ingevity Corp (NGVT) traded up 0.395% during midday trading on Monday, hitting $57.165. 50,242 shares of the stock were exchanged. Ingevity Corp has a 12 month low of $40.24 and a 12 month high of $65.02. The stock has a 50 day moving average price of $57.61 and a 200-day moving average price of $58.21. The company has a market cap of $2.41 billion and a PE ratio of 45.659.
Ingevity Corp (NASDAQ:NGVT) last issued its earnings results on Wednesday, August 2nd. The company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.08. The business had revenue of $260.30 million for the quarter, compared to the consensus estimate of $259.56 million. Ingevity Corp had a net margin of 10.53% and a return on equity of 55.06%. The company’s revenue was up 2.3% on a year-over-year basis. On average, analysts predict that Ingevity Corp will post $2.42 EPS for the current year.
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Several equities analysts have issued reports on NGVT shares. Zacks Investment Research lowered shares of Ingevity Corp from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Jefferies Group LLC set a $68.00 price target on shares of Ingevity Corp and gave the stock a “buy” rating in a report on Wednesday, July 5th. Finally, Aegis reissued a “buy” rating and set a $67.00 price objective on shares of Ingevity Corp in a report on Tuesday, July 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $64.75.
Ingevity Corp Company Profile
Ingevity Corporation is a manufacturer of specialty chemicals and high performance carbon materials. The Company is also a manufacturer of activated carbon used in gasoline vapor emission control systems in cars, trucks, motorcycles and boats. The Company operates through two segments: Performance Materials and Performance Chemicals.
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