Zevin Asset Management LLC cut its holdings in shares of Ingevity Corp (NYSE:NGVT) by 10.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,326 shares of the company’s stock after selling 983 shares during the period. Zevin Asset Management LLC’s holdings in Ingevity were worth $587,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in shares of Ingevity by 0.4% during the second quarter. PNC Financial Services Group Inc. now owns 4,716 shares of the company’s stock valued at $270,000 after buying an additional 21 shares during the last quarter. Amalgamated Bank boosted its position in shares of Ingevity by 5.4% during the second quarter. Amalgamated Bank now owns 5,963 shares of the company’s stock valued at $342,000 after buying an additional 307 shares during the last quarter. First Republic Investment Management Inc. boosted its position in shares of Ingevity by 12.0% during the third quarter. First Republic Investment Management Inc. now owns 6,619 shares of the company’s stock valued at $413,000 after buying an additional 711 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Ingevity by 50.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,420 shares of the company’s stock valued at $171,000 after buying an additional 807 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Ingevity by 1.0% during the third quarter. New York State Common Retirement Fund now owns 81,318 shares of the company’s stock valued at $5,080,000 after buying an additional 824 shares during the last quarter. 91.37% of the stock is currently owned by institutional investors.

Ingevity Corp (NGVT) traded down $0.73 during mid-day trading on Monday, reaching $72.22. The company’s stock had a trading volume of 4,108 shares, compared to its average volume of 197,233. Ingevity Corp has a 52 week low of $52.79 and a 52 week 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 company has a market capitalization of $3,072.32, a P/E ratio of 29.53, a price-to-earnings-growth ratio of 2.10 and a beta of 1.20.

Several equities research analysts recently commented on the company. BidaskClub raised Ingevity from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Loop Capital reaffirmed a “buy” rating and set a $76.00 price objective on shares of Ingevity in a research report on Wednesday, October 18th. Rowe reaffirmed an “outperform” rating and set a $90.00 price objective (up from $80.00) on shares of Ingevity in a research report on Thursday, November 30th. Zacks Investment Research cut Ingevity from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Jefferies Group increased their price objective on Ingevity from $71.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $78.17.

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Ingevity 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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