Legal & General Group Plc grew its stake in Ingevity Corporation (NYSE:NGVT) by 2.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,789 shares of the company’s stock after buying an additional 1,608 shares during the period. Legal & General Group Plc owned approximately 0.20% of Ingevity worth $5,172,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in shares of Ingevity by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 4,716 shares of the company’s stock worth $270,000 after buying an additional 21 shares during the last quarter. Pinebridge Investments L.P. lifted 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 worth $318,000 after purchasing an additional 57 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Ingevity by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 22,000 shares of the company’s stock worth $1,263,000 after purchasing an additional 100 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted 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 worth $234,000 after purchasing an additional 210 shares during the last quarter. Finally, Amalgamated Bank lifted 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 worth $342,000 after purchasing an additional 307 shares during the last quarter. 91.41% of the stock is owned by institutional investors.

Ingevity Corporation (NGVT) opened at $70.56 on Monday. Ingevity Corporation has a 12-month low of $51.01 and a 12-month high of $80.18. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.34 and a current ratio of 2.36. The firm has a market capitalization of $2,971.63, a PE ratio of 28.57, a P/E/G ratio of 2.36 and a beta of 1.78.

Ingevity (NYSE:NGVT) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.11. Ingevity had a return on equity of 58.14% and a net margin of 9.86%. The firm had revenue of $264.10 million for the quarter, compared to analyst estimates of $260.88 million. During the same period in the previous year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. analysts forecast that Ingevity Corporation will post 2.49 earnings per share for the current fiscal year.

Several research firms recently weighed in on NGVT. Rowe reissued an “outperform” rating and set a $90.00 price objective (up previously from $80.00) on shares of Ingevity in a research report on Thursday, November 30th. Loop Capital reissued a “buy” rating and set a $80.00 price objective (up previously from $76.00) on shares of Ingevity in a research report on Tuesday, November 14th. BidaskClub raised Ingevity from a “hold” rating to a “buy” rating in a research report on Saturday, November 4th. Jefferies Group boosted their price objective on Ingevity from $71.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, KeyCorp reissued a “buy” rating and set a $75.00 price objective (up previously from $70.00) on shares of Ingevity in a research report on Thursday, October 5th. Seven research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $78.17.

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Ingevity Company 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 (NYSE:NGVT)

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