First Mercantile Trust Co. lessened its stake in Ingevity Corp (NYSE:NGVT) by 21.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,677 shares of the company’s stock after selling 1,552 shares during the quarter. First Mercantile Trust Co.’s holdings in Ingevity were worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of Ingevity by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,716 shares of the company’s stock worth $270,000 after purchasing an additional 21 shares during the last quarter. First Republic Investment Management Inc. raised its position in shares of Ingevity by 12.0% in the 3rd quarter. First Republic Investment Management Inc. now owns 6,619 shares of the company’s stock worth $413,000 after purchasing an additional 711 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Ingevity by 50.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,420 shares of the company’s stock worth $171,000 after purchasing an additional 807 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Ingevity by 1.0% in the 3rd quarter. New York State Common Retirement Fund now owns 81,318 shares of the company’s stock worth $5,080,000 after purchasing an additional 824 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Ingevity by 5.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the company’s stock worth $1,276,000 after purchasing an additional 1,000 shares during the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.
NGVT has been the subject of several recent analyst reports. Jefferies Group lifted their price target on Ingevity from $71.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Loop Capital reduced their price objective on Ingevity from $83.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, December 26th. BidaskClub upgraded Ingevity from a “hold” rating to a “buy” rating in a report on Saturday, November 4th. Zacks Investment Research downgraded Ingevity from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Rowe reiterated an “outperform” rating and issued a $90.00 price objective (up from $80.00) on shares of Ingevity in a report on Thursday, November 30th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $78.17.
Shares of Ingevity Corp (NYSE:NGVT) opened at $69.40 on Monday. Ingevity Corp has a twelve month low of $52.79 and a twelve month high of $80.18. The company has a market capitalization of $2,922.81, a PE ratio of 28.10, a P/E/G ratio of 2.00 and a beta of 1.20. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.36 and a quick ratio of 1.34.
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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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