HighVista Strategies LLC held its position in Ingevity Corp (NASDAQ:NGVT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,671 shares of the company’s stock at the end of the 2nd quarter. HighVista Strategies LLC owned approximately 0.06% of Ingevity Corp worth $1,531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NGVT. Meadow Creek Investment Management LLC lifted its position in shares of Ingevity Corp by 7.1% in the first quarter. Meadow Creek Investment Management LLC now owns 2,548 shares of the company’s stock valued at $155,000 after buying an additional 168 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Ingevity Corp in the second quarter valued at approximately $183,000. Envestnet Asset Management Inc. lifted its position in shares of Ingevity Corp by 46.9% in the first quarter. Envestnet Asset Management Inc. now owns 3,500 shares of the company’s stock valued at $211,000 after buying an additional 1,117 shares during the last quarter. Breton Hill Capital Ltd. acquired a new stake in shares of Ingevity Corp in the second quarter valued at approximately $234,000. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Ingevity Corp by 5.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 4,072 shares of the company’s stock valued at $234,000 after buying an additional 210 shares during the last quarter.

Several analysts recently weighed in on the company. Jefferies Group LLC set a $68.00 price target on Ingevity Corp and gave the stock a “buy” rating in a report on Wednesday, July 5th. Aegis reissued a “buy” rating and set a $67.00 price target on shares of Ingevity Corp in a report on Tuesday, July 4th. BidaskClub cut Ingevity Corp from a “sell” rating to a “strong sell” rating in a report on Friday, September 15th. KeyCorp reissued a “buy” rating and set a $70.00 price target on shares of Ingevity Corp in a report on Friday, September 8th. Finally, Zacks Investment Research cut Ingevity Corp from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Ingevity Corp has a consensus rating of “Buy” and a consensus target price of $66.40.

Ingevity Corp (NASDAQ:NGVT) traded up 0.97% during mid-day trading on Thursday, reaching $63.31. The company had a trading volume of 40,297 shares. Ingevity Corp has a one year low of $40.24 and a one year high of $63.45. The company’s 50-day moving average is $59.86 and its 200-day moving average is $59.86. The stock has a market capitalization of $2.67 billion and a PE ratio of 50.57.

Ingevity Corp (NASDAQ:NGVT) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.78 EPS for the quarter, beating the 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 business had revenue of $260.30 million for the quarter, compared to the consensus estimate of $259.56 million. The company’s revenue was up 2.3% on a year-over-year basis. Equities research analysts anticipate that Ingevity Corp will post $2.40 earnings per share for the current year.

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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.

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

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