Ingevity Corp (NGVT) Shares Bought by Thrivent Financial For Lutherans
Thrivent Financial For Lutherans lifted its position in Ingevity Corp (NASDAQ:NGVT) by 7.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,340 shares of the company’s stock after purchasing an additional 1,730 shares during the period. Thrivent Financial For Lutherans owned 0.06% of Ingevity Corp worth $1,455,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Pacad Investment Ltd. bought a new position in Ingevity Corp in the second quarter worth approximately $183,000. Envestnet Asset Management Inc. raised its position in Ingevity Corp by 46.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,500 shares of the company’s stock valued at $211,000 after purchasing an additional 1,117 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in Ingevity Corp by 5.4% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 4,072 shares of the company’s stock valued at $234,000 after purchasing an additional 210 shares in the last quarter. Breton Hill Capital Ltd. bought a new stake in Ingevity Corp during the 2nd quarter valued at $234,000. Finally, Ranger Investment Management L.P. bought a new stake in Ingevity Corp during the 1st quarter valued at $269,000.
Ingevity Corp (NGVT) opened at 64.89 on Tuesday. The firm has a 50-day moving average of $60.97 and a 200-day moving average of $60.97. The company has a market capitalization of $2.73 billion and a P/E ratio of 51.83. Ingevity Corp has a one year low of $40.24 and a one year high of $64.89.
Ingevity Corp (NASDAQ:NGVT) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.08. The company had revenue of $260.30 million during the quarter, compared to analysts’ expectations of $259.56 million. Ingevity Corp had a net margin of 13.75% and a return on equity of 76.78%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts anticipate that Ingevity Corp will post $2.41 earnings per share for the current year.
NGVT has been the topic of a number of recent research reports. Loop Capital started coverage on Ingevity Corp in a research report on Thursday, September 28th. They set a “buy” rating and a $73.00 price target on the stock. BidaskClub upgraded Ingevity Corp from a “strong sell” rating to a “sell” rating in a report on Friday, September 22nd. KeyCorp reiterated a “buy” rating and set a $70.00 target price on shares of Ingevity Corp in a report on Friday, September 8th. Jefferies Group LLC set a $71.00 target price on shares of Ingevity Corp and gave the company a “buy” rating in a research report on Thursday, August 24th. Finally, Zacks Investment Research upgraded shares of Ingevity Corp from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $67.50.
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Ingevity Corp 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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