California Public Employees Retirement System Has $5.05 Million Position in Ingevity Corp (NGVT)

California Public Employees Retirement System boosted its holdings in Ingevity Corp (NASDAQ:NGVT) by 7.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,033 shares of the company’s stock after purchasing an additional 6,000 shares during the period. California Public Employees Retirement System owned about 0.21% of Ingevity Corp worth $5,053,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Ingevity Corp by 90,224.0% during the 1st quarter. BlackRock Inc. now owns 5,089,759 shares of the company’s stock valued at $309,712,000 after buying an additional 5,084,124 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Ingevity Corp by 85.8% during the 1st 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 during the last quarter. Marshall Wace North America L.P. lifted its position in shares of Ingevity Corp by 4,456.0% during the 2nd quarter. Marshall Wace North America L.P. now owns 263,974 shares of the company’s stock valued at $15,046,000 after buying an additional 258,180 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Ingevity Corp by 320.0% during the 2nd quarter. Wells Fargo & Company MN now owns 302,614 shares of the company’s stock valued at $17,370,000 after buying an additional 230,558 shares during the last quarter. Finally, Chilton Investment Co. LLC lifted its position in shares of Ingevity Corp by 26.3% during the 2nd quarter. Chilton Investment Co. LLC now owns 1,066,649 shares of the company’s stock valued at $61,226,000 after buying an additional 221,932 shares during the last quarter.

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Shares of Ingevity Corp (NASDAQ:NGVT) opened at 71.48 on Friday. The company has a market capitalization of $3.01 billion and a price-to-earnings ratio of 57.09. The company’s 50 day moving average price is $64.60 and its 200-day moving average price is $64.60. Ingevity Corp has a 1-year low of $40.24 and a 1-year high of $71.61.

Ingevity Corp (NASDAQ:NGVT) last released 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 company had revenue of $260.30 million for the quarter, compared to the consensus estimate of $259.56 million. Ingevity Corp had a return on equity of 76.78% and a net margin of 13.75%. Ingevity Corp’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities analysts forecast that Ingevity Corp will post $2.41 earnings per share for the current year.

A number of research analysts have recently commented on the company. KeyCorp reaffirmed a “buy” rating and set a $75.00 price target (up previously from $70.00) on shares of Ingevity Corp in a research report on Thursday, October 5th. Zacks Investment Research raised Ingevity Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Loop Capital assumed coverage on Ingevity Corp in a research report on Thursday, September 28th. They set a “buy” rating and a $73.00 price target on the stock. Jefferies Group LLC set a $68.00 price target on Ingevity Corp and gave the company a “buy” rating in a research report on Wednesday, July 19th. Finally, BidaskClub upgraded Ingevity Corp from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Ingevity Corp has an average rating of “Buy” and a consensus price target of $70.33.

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.

Institutional Ownership by Quarter for Ingevity Corp (NASDAQ:NGVT)

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