EFG Asset Management Americas Corp. Grows Stock Holdings in Ingevity Corp (NYSE:NGVT)

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EFG Asset Management Americas Corp. lifted its stake in Ingevity Corp (NYSE:NGVT) by 58.4% in the third quarter, HoldingsChannel reports. The firm owned 21,007 shares of the company’s stock after acquiring an additional 7,742 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in Ingevity were worth $1,782,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Advisory Services Network LLC boosted its holdings in Ingevity by 54.3% in the second quarter. Advisory Services Network LLC now owns 355 shares of the company’s stock valued at $37,000 after purchasing an additional 125 shares during the period. WINTON GROUP Ltd increased its position in shares of Ingevity by 2.0% during the second quarter. WINTON GROUP Ltd now owns 8,532 shares of the company’s stock worth $897,000 after purchasing an additional 164 shares in the last quarter. Valeo Financial Advisors LLC increased its position in shares of Ingevity by 13.4% during the third quarter. Valeo Financial Advisors LLC now owns 1,691 shares of the company’s stock worth $143,000 after purchasing an additional 200 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of Ingevity by 0.5% during the second quarter. Retirement Systems of Alabama now owns 54,427 shares of the company’s stock worth $5,724,000 after purchasing an additional 249 shares in the last quarter. Finally, Flagship Harbor Advisors LLC increased its position in shares of Ingevity by 29.7% during the second quarter. Flagship Harbor Advisors LLC now owns 1,246 shares of the company’s stock worth $131,000 after purchasing an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Several equities analysts recently issued reports on NGVT shares. Loop Capital upgraded Ingevity from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Stifel Nicolaus dropped their price target on Ingevity from $109.00 to $99.00 and set a “hold” rating on the stock in a research report on Wednesday, September 25th. BMO Capital Markets dropped their price target on Ingevity to $121.00 and set an “outperform” rating on the stock in a research report on Monday, October 28th. Wells Fargo & Co started coverage on Ingevity in a research report on Tuesday, October 15th. They issued an “outperform” rating and a $100.00 price target on the stock. Finally, Jefferies Financial Group cut Ingevity from a “buy” rating to a “hold” rating and dropped their price target for the company from $129.00 to $107.00 in a research report on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $112.78.

NGVT stock traded up $0.36 during trading on Tuesday, hitting $89.96. The company had a trading volume of 2,001 shares, compared to its average volume of 291,149. The firm has a market cap of $3.88 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 1.94 and a beta of 2.09. Ingevity Corp has a 1-year low of $72.59 and a 1-year high of $120.41. The firm has a 50-day moving average price of $85.44 and a 200-day moving average price of $90.80. The company has a quick ratio of 1.38, a current ratio of 2.39 and a debt-to-equity ratio of 3.01.

Ingevity (NYSE:NGVT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.04. Ingevity had a return on equity of 53.69% and a net margin of 14.31%. The company had revenue of $359.90 million for the quarter, compared to analyst estimates of $365.44 million. During the same quarter in the previous year, the company earned $1.16 EPS. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. Sell-side analysts anticipate that Ingevity Corp will post 4.79 earnings per share for the current year.

Ingevity Profile

Ingevity Corporation manufactures and sells specialty chemicals and carbon materials in the United States and internationally. 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, trucks, motorcycles, and boats.

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Institutional Ownership by Quarter for Ingevity (NYSE:NGVT)

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