Ingevity Corp (NGVT) Holdings Boosted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its holdings in shares of Ingevity Corp (NYSE:NGVT) by 11.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 260,557 shares of the company’s stock after purchasing an additional 26,655 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Ingevity were worth $18,362,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NGVT. Voya Investment Management LLC boosted its position in Ingevity by 13.8% during the second quarter. Voya Investment Management LLC now owns 19,893 shares of the company’s stock worth $1,142,000 after purchasing an additional 2,411 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Ingevity during the second quarter worth approximately $203,000. Arrowstreet Capital Limited Partnership purchased a new position in Ingevity during the second quarter worth approximately $333,000. Lord Abbett & CO. LLC boosted its position in Ingevity by 1.9% during the second quarter. Lord Abbett & CO. LLC now owns 195,287 shares of the company’s stock worth $11,209,000 after purchasing an additional 3,587 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Ingevity in the third quarter valued at approximately $216,000. Institutional investors own 91.55% of the company’s stock.

Ingevity Corp (NYSE NGVT) opened at $77.66 on Thursday. The firm has a market capitalization of $3,047.05, a P/E ratio of 34.98, a PEG ratio of 2.08 and a beta of 1.20. Ingevity Corp has a 1 year low of $52.79 and a 1 year high of $80.18. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.36 and a quick ratio of 1.34.

Ingevity (NYSE:NGVT) last released its earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The business had revenue of $229.50 million for the quarter, compared to the consensus estimate of $214.94 million. Ingevity had a return on equity of 58.14% and a net margin of 9.86%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. sell-side analysts expect that Ingevity Corp will post 2.49 EPS for the current year.

Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Ingevity from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Loop Capital decreased their target price on Ingevity from $83.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, December 26th. Rowe restated an “outperform” rating and issued a $90.00 target price (up previously from $80.00) on shares of Ingevity in a research report on Thursday, November 30th. BidaskClub upgraded Ingevity from a “hold” rating to a “buy” rating in a research report on Saturday, November 4th. Finally, Jefferies Group raised their target price 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. The stock currently has an average rating of “Buy” and an average 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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