Copper Rock Capital Partners LLC increased its stake in shares of Ingevity Corp (NYSE:NGVT) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 421,298 shares of the company’s stock after buying an additional 95,350 shares during the period. Ingevity accounts for approximately 1.9% of Copper Rock Capital Partners LLC’s holdings, making the stock its 26th biggest holding. Copper Rock Capital Partners LLC owned about 1.00% of Ingevity worth $29,946,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in shares of Ingevity by 0.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,716 shares of the company’s stock valued at $270,000 after buying an additional 21 shares during the last quarter. Pinebridge Investments L.P. increased its position in shares of Ingevity by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,548 shares of the company’s stock valued at $318,000 after purchasing an additional 57 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Ingevity by 5.4% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 4,072 shares of the company’s stock valued at $234,000 after purchasing an additional 210 shares during the last quarter. Amalgamated Bank increased its position in shares of Ingevity by 5.4% during the 2nd quarter. Amalgamated Bank now owns 5,963 shares of the company’s stock valued at $342,000 after purchasing an additional 307 shares during the last quarter. Finally, First Republic Investment Management Inc. increased its position in shares of Ingevity by 12.0% during the 3rd quarter. First Republic Investment Management Inc. now owns 6,619 shares of the company’s stock valued at $413,000 after purchasing an additional 711 shares during the last quarter. Institutional investors and hedge funds own 91.38% of the company’s stock.
Shares of Ingevity Corp (NYSE NGVT) traded down $1.49 on Wednesday, hitting $72.85. The company had a trading volume of 45,829 shares, compared to its average volume of 192,907. The company has a quick ratio of 1.34, a current ratio of 2.36 and a debt-to-equity ratio of 1.92. Ingevity Corp has a one year low of $52.79 and a one year high of $80.18. The company has a market capitalization of $3,141.39, a price-to-earnings ratio of 33.49, a P/E/G ratio of 2.14 and a beta of 1.93.
Ingevity (NYSE:NGVT) last released its earnings results on Wednesday, November 1st. The company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.11. The company had revenue of $264.10 million for the quarter, compared to the consensus estimate of $260.88 million. Ingevity had a return on equity of 58.14% and a net margin of 9.86%. Ingevity’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 earnings per share. research analysts anticipate that Ingevity Corp will post 2.49 earnings per share for the current fiscal year.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Ingevity from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Loop Capital reduced their price target on Ingevity from $83.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, December 26th. Rowe restated an “outperform” rating and issued a $90.00 target price (up previously from $80.00) on shares of Ingevity in a research note on Thursday, November 30th. BidaskClub raised Ingevity from a “hold” rating to a “buy” rating in a research report on Saturday, November 4th. Finally, Jefferies Group raised their price objective on Ingevity from $71.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $78.17.
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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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