Mount Yale Investment Advisors LLC Buys Shares of 1,998 Ingevity Corp (NGVT)

Mount Yale Investment Advisors LLC purchased a new stake in shares of Ingevity Corp (NYSE:NGVT) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,998 shares of the company’s stock, valued at approximately $147,000.

A number of other large investors have also bought and sold shares of NGVT. Summit Trail Advisors LLC raised its holdings in Ingevity by 8,223.0% during the first quarter. Summit Trail Advisors LLC now owns 367,711 shares of the company’s stock valued at $368,000 after acquiring an additional 363,293 shares during the period. BlackRock Inc. raised its holdings in Ingevity by 4.9% during the fourth quarter. BlackRock Inc. now owns 5,415,950 shares of the company’s stock valued at $381,661,000 after acquiring an additional 253,722 shares during the period. Goldman Sachs Group Inc. raised its holdings in Ingevity by 150.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 381,760 shares of the company’s stock valued at $26,902,000 after acquiring an additional 229,540 shares during the period. Two Sigma Investments LP raised its holdings in Ingevity by 269.9% during the fourth quarter. Two Sigma Investments LP now owns 239,239 shares of the company’s stock valued at $16,859,000 after acquiring an additional 174,555 shares during the period. Finally, Palisade Capital Management LLC NJ raised its holdings in Ingevity by 96.7% during the first quarter. Palisade Capital Management LLC NJ now owns 340,078 shares of the company’s stock valued at $25,060,000 after acquiring an additional 167,198 shares during the period. 90.78% of the stock is currently owned by institutional investors and hedge funds.

NGVT has been the topic of a number of recent analyst reports. TheStreet raised Ingevity from a “c” rating to a “b-” rating in a report on Monday, April 30th. Oppenheimer set a $90.00 price target on Ingevity and gave the company a “buy” rating in a report on Thursday, May 3rd. SunTrust Banks raised their price target on Ingevity from $90.00 to $92.00 and gave the company a “buy” rating in a report on Monday, June 25th. ValuEngine raised Ingevity from a “hold” rating to a “buy” rating in a report on Saturday, June 16th. Finally, Zacks Investment Research raised Ingevity from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Thursday, May 10th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $87.00.

Shares of Ingevity stock opened at $80.86 on Monday. The stock has a market cap of $3.40 billion, a PE ratio of 31.34, a PEG ratio of 1.95 and a beta of 0.96. The company has a quick ratio of 1.39, a current ratio of 2.67 and a debt-to-equity ratio of 2.34. Ingevity Corp has a twelve month low of $55.07 and a twelve month high of $84.87.

Ingevity (NYSE:NGVT) last issued its quarterly earnings data on Wednesday, May 2nd. The company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.16. The firm had revenue of $235.20 million during the quarter, compared to analyst estimates of $231.76 million. Ingevity had a return on equity of 48.09% and a net margin of 13.96%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. analysts anticipate that Ingevity Corp will post 3.46 earnings per share for the current fiscal year.

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 wood-based chemically activated carbon products primarily for gasoline vapor emission control systems.

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Institutional Ownership by Quarter for Ingevity (NYSE:NGVT)

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