State of Alaska Department of Revenue Sells 480 Shares of Ingevity Co. (NYSE:NGVT)

State of Alaska Department of Revenue decreased its stake in shares of Ingevity Co. (NYSE:NGVTGet Rating) by 8.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,130 shares of the company’s stock after selling 480 shares during the period. State of Alaska Department of Revenue’s holdings in Ingevity were worth $311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Yousif Capital Management LLC lifted its position in Ingevity by 2.0% during the second quarter. Yousif Capital Management LLC now owns 21,683 shares of the company’s stock valued at $1,369,000 after purchasing an additional 430 shares during the period. Rhumbline Advisers lifted its position in Ingevity by 7.3% during the second quarter. Rhumbline Advisers now owns 117,739 shares of the company’s stock valued at $7,434,000 after purchasing an additional 8,052 shares during the period. Gateway Investment Advisers LLC lifted its position in Ingevity by 0.7% during the third quarter. Gateway Investment Advisers LLC now owns 64,692 shares of the company’s stock valued at $3,922,000 after purchasing an additional 478 shares during the period. Ontario Teachers Pension Plan Board lifted its position in Ingevity by 15.4% during the second quarter. Ontario Teachers Pension Plan Board now owns 43,619 shares of the company’s stock valued at $2,754,000 after purchasing an additional 5,818 shares during the period. Finally, Peterson Wealth Services lifted its position in Ingevity by 4.6% during the second quarter. Peterson Wealth Services now owns 23,998 shares of the company’s stock valued at $1,515,000 after purchasing an additional 1,062 shares during the period. Institutional investors own 90.01% of the company’s stock.

Insider Transactions at Ingevity

In related news, insider Erik Spencer Ripple sold 856 shares of the firm’s stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $77.84, for a total transaction of $66,631.04. Following the completion of the transaction, the insider now directly owns 10,106 shares of the company’s stock, valued at $786,651.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Richard Allen White, Jr. sold 1,639 shares of the firm’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $77.97, for a total transaction of $127,792.83. Following the completion of the transaction, the senior vice president now directly owns 3,995 shares of the company’s stock, valued at $311,490.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Erik Spencer Ripple sold 856 shares of the firm’s stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $77.84, for a total transaction of $66,631.04. Following the transaction, the insider now directly owns 10,106 shares of the company’s stock, valued at $786,651.04. The disclosure for this sale can be found here. Corporate insiders own 0.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NGVT shares. StockNews.com downgraded shares of Ingevity from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 6th. Wells Fargo & Company increased their price target on shares of Ingevity from $73.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Monday, January 9th. Finally, BMO Capital Markets started coverage on shares of Ingevity in a research report on Tuesday, October 11th. They issued an “outperform” rating and a $87.00 price target on the stock.

Ingevity Stock Performance

Shares of NYSE NGVT opened at $81.64 on Friday. The firm has a fifty day moving average price of $74.57 and a 200-day moving average price of $69.23. The company has a debt-to-equity ratio of 1.82, a current ratio of 2.22 and a quick ratio of 1.25. The stock has a market cap of $3.05 billion, a PE ratio of 14.05 and a beta of 1.78. Ingevity Co. has a 1 year low of $56.31 and a 1 year high of $81.70.

Ingevity (NYSE:NGVTGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.37. The firm had revenue of $482.00 million during the quarter, compared to analysts’ expectations of $428.39 million. Ingevity had a net margin of 13.90% and a return on equity of 36.37%. Equities analysts anticipate that Ingevity Co. will post 6.36 earnings per share for the current fiscal year.

Ingevity Profile

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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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