Signition LP purchased a new stake in shares of Ingevity Corp (NYSE:NGVT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 9,755 shares of the company’s stock, valued at approximately $687,000. Ingevity accounts for 0.9% of Signition LP’s holdings, making the stock its 28th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings 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 purchasing an additional 21 shares during the period. First Republic Investment Management Inc. boosted its stake in 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 in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Ingevity by 9.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 8,563 shares of the company’s stock valued at $603,000 after buying an additional 772 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 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 in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in 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 in the last quarter. 91.14% of the stock is currently owned by institutional investors.

Ingevity Corp (NGVT) opened at $70.93 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 1.34 and a debt-to-equity ratio of 1.92. Ingevity Corp has a 52 week low of $52.79 and a 52 week high of $80.18. The firm has a market capitalization of $3,000.30, a PE ratio of 32.28, a P/E/G ratio of 2.05 and a beta of 1.20.

NGVT has been the subject of several research reports. Loop Capital decreased their target price on Ingevity from $83.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, December 26th. BidaskClub raised Ingevity from a “hold” rating to a “buy” rating in a research note on Saturday, November 4th. Jefferies Group raised their target price on Ingevity from $71.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research cut Ingevity from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Rowe reaffirmed an “outperform” rating and set a $90.00 target price (up previously from $80.00) on shares of Ingevity in a research note on Thursday, November 30th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price 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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