Eagle Asset Management Inc. Has $10.32 Million Position in Ingevity Co. (NYSE:NGVT)

Eagle Asset Management Inc. grew its stake in Ingevity Co. (NYSE:NGVTGet Rating) by 41.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,749 shares of the company’s stock after purchasing an additional 41,487 shares during the period. Eagle Asset Management Inc. owned about 0.36% of Ingevity worth $10,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. boosted its position in Ingevity by 87.6% during the 4th quarter. Bessemer Group Inc. now owns 394 shares of the company’s stock worth $28,000 after buying an additional 184 shares during the period. Retirement Systems of Alabama boosted its position in Ingevity by 0.5% during the 4th quarter. Retirement Systems of Alabama now owns 51,444 shares of the company’s stock worth $3,689,000 after buying an additional 273 shares during the period. Mutual of America Capital Management LLC boosted its position in Ingevity by 0.8% during the 4th quarter. Mutual of America Capital Management LLC now owns 35,147 shares of the company’s stock worth $2,520,000 after buying an additional 291 shares during the period. CIBC Asset Management Inc boosted its position in Ingevity by 8.9% during the 3rd quarter. CIBC Asset Management Inc now owns 4,066 shares of the company’s stock worth $290,000 after buying an additional 331 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its position in Ingevity by 0.5% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 105,393 shares of the company’s stock worth $7,518,000 after buying an additional 550 shares during the period. Institutional investors own 96.34% of the company’s stock.

Shares of NGVT stock opened at $67.57 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $2.62 billion, a PE ratio of 20.60 and a beta of 1.97. The firm has a fifty day simple moving average of $63.68 and a two-hundred day simple moving average of $68.52. Ingevity Co. has a 12 month low of $56.31 and a 12 month high of $88.58.

Ingevity (NYSE:NGVTGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.58. The firm had revenue of $382.80 million for the quarter, compared to the consensus estimate of $341.58 million. Ingevity had a net margin of 8.95% and a return on equity of 32.84%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.27 EPS. On average, equities analysts predict that Ingevity Co. will post 5.95 earnings per share for the current fiscal year.

Several research firms have issued reports on NGVT. StockNews.com upgraded shares of Ingevity from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 12th. Zacks Investment Research upgraded shares of Ingevity from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a report on Sunday, February 27th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $88.20.

Ingevity Profile (Get Rating)

Ingevity Corporation manufactures and sells specialty chemicals and activated carbon materials in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. The company operates through two segments, Performance Materials and Performance Chemicals. The Performance Materials segment engineers, manufactures, and sells hardwood-based and chemically activated carbon products primarily for use in gasoline vapor emission control systems in cars, motorcycles, trucks, and boats.

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Institutional Ownership by Quarter for Ingevity (NYSE:NGVT)

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