GSA Capital Partners LLP bought a new stake in Ingevity Corp (NASDAQ:NGVT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 29,899 shares of the company’s stock, valued at approximately $1,716,000. GSA Capital Partners LLP owned approximately 0.07% of Ingevity Corp at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Menta Capital LLC purchased a new position in Ingevity Corp in the 2nd quarter valued at about $1,729,000. UBS Asset Management Americas Inc. lifted its holdings in Ingevity Corp by 8.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 22,903 shares of the company’s stock valued at $1,315,000 after purchasing an additional 1,722 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Ingevity Corp by 7.7% in the 2nd quarter. New York State Common Retirement Fund now owns 80,494 shares of the company’s stock valued at $4,620,000 after purchasing an additional 5,734 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in Ingevity Corp by 7.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 25,340 shares of the company’s stock valued at $1,455,000 after purchasing an additional 1,730 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Ingevity Corp by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,716 shares of the company’s stock valued at $270,000 after purchasing an additional 21 shares in the last quarter.

A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of Ingevity Corp from a “strong sell” rating to a “sell” rating in a report on Friday. KeyCorp restated a “buy” rating and issued a $70.00 target price on shares of Ingevity Corp in a report on Friday, September 8th. Jefferies Group LLC set a $71.00 target price on shares of Ingevity Corp and gave the company a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research upgraded shares of Ingevity Corp from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Aegis reiterated a “buy” rating and set a $67.00 price objective on shares of Ingevity Corp in a report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $66.40.

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Ingevity Corp (NASDAQ:NGVT) opened at 61.82 on Friday. Ingevity Corp has a one year low of $40.24 and a one year high of $62.00. The stock’s 50 day moving average is $59.86 and its 200 day moving average is $59.86. The stock has a market capitalization of $2.61 billion and a price-to-earnings ratio of 49.38.

Ingevity Corp (NASDAQ:NGVT) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.08. Ingevity Corp had a return on equity of 76.78% and a net margin of 13.75%. The firm had revenue of $260.30 million during the quarter, compared to analyst estimates of $259.56 million. The firm’s revenue was up 2.3% compared to the same quarter last year. On average, equities analysts forecast that Ingevity Corp will post $2.40 EPS for the current year.

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

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