Ingevity (NYSE:NGVT) CEO David Li Sells 5,000 Shares of Stock

Ingevity Corporation (NYSE:NGVT) CEO David Li sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $76.62, for a total transaction of $383,100.00. Following the completion of the sale, the chief executive officer directly owned 135,636 shares of the company’s stock, valued at approximately $10,392,430.32. This represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ingevity Trading Up 1.6%

Ingevity stock opened at $76.53 on Friday. The firm has a 50 day simple moving average of $73.57 and a 200-day simple moving average of $71.65. The company has a debt-to-equity ratio of 22.52, a current ratio of 1.61 and a quick ratio of 1.15. The stock has a market capitalization of $2.63 billion, a PE ratio of 52.06 and a beta of 1.16. Ingevity Corporation has a 12-month low of $45.85 and a 12-month high of $79.29.

Ingevity (NYSE:NGVT) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.41. Ingevity had a net margin of 4.65% and a return on equity of 284.70%. The business had revenue of $314.10 million for the quarter, compared to analyst estimates of $312.20 million. Ingevity has set its FY 2026 guidance at 5.000-5.450 EPS. As a group, equities research analysts expect that Ingevity Corporation will post 5.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen downgraded Ingevity from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Weiss Ratings raised Ingevity from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Ingevity presently has an average rating of “Hold” and an average price target of $80.00.

Institutional Investors Weigh In On Ingevity

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Ingevity in the 2nd quarter worth about $400,545,000. Principal Financial Group Inc. lifted its stake in Ingevity by 269.9% during the fourth quarter. Principal Financial Group Inc. now owns 652,237 shares of the company’s stock valued at $38,599,000 after buying an additional 475,907 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Ingevity by 311.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,380 shares of the company’s stock valued at $23,769,000 after buying an additional 454,579 shares in the last quarter. Simcoe Capital Management LLC boosted its holdings in shares of Ingevity by 188.8% in the second quarter. Simcoe Capital Management LLC now owns 624,935 shares of the company’s stock worth $26,928,000 after buying an additional 408,508 shares during the period. Finally, Boston Partners boosted its holdings in shares of Ingevity by 141.6% in the fourth quarter. Boston Partners now owns 620,360 shares of the company’s stock worth $36,719,000 after buying an additional 363,584 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

About Ingevity

Ingevity Corporation, traded as NGVT, is a specialty chemicals and performance materials company headquartered in North Charleston, South Carolina. The company operates two primary business units: Performance Chemicals and Performance Materials. The Performance Chemicals segment produces and markets specialty chemicals derived largely from wood and other natural feedstocks, including rosin acids, tall oil fatty acids and esters, as well as specialty petroleum resins. These products serve a broad range of industries, including paper, adhesives, coatings, oilfield drilling and consumer goods.

The Performance Materials segment develops and manufactures activated carbon products and composites for applications such as automotive emissions control, industrial air and water purification, and spill containment.