Segall Bryant & Hamill LLC increased its stake in shares of Ingevity Corp (NYSE:NGVT) by 194.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,238 shares of the company’s stock after buying an additional 158,549 shares during the quarter. Segall Bryant & Hamill LLC owned 0.57% of Ingevity worth $19,426,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Greenwood Capital Associates LLC grew its holdings in Ingevity by 12.6% during the second quarter. Greenwood Capital Associates LLC now owns 4,609 shares of the company’s stock worth $373,000 after buying an additional 516 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in Ingevity by 2.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 25,772 shares of the company’s stock worth $2,084,000 after purchasing an additional 530 shares during the last quarter. First Midwest Bank Trust Division boosted its position in Ingevity by 13.0% in the second quarter. First Midwest Bank Trust Division now owns 4,776 shares of the company’s stock worth $386,000 after purchasing an additional 551 shares during the last quarter. Alps Advisors Inc. boosted its position in Ingevity by 4.5% in the second quarter. Alps Advisors Inc. now owns 14,729 shares of the company’s stock worth $1,191,000 after purchasing an additional 629 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its position in Ingevity by 6.7% in the first quarter. Mason Street Advisors LLC now owns 11,679 shares of the company’s stock worth $861,000 after purchasing an additional 729 shares during the last quarter. Institutional investors and hedge funds own 89.44% of the company’s stock.

NGVT stock opened at $98.56 on Friday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.48 and a current ratio of 2.58. Ingevity Corp has a 1-year low of $55.07 and a 1-year high of $101.67. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 2.28 and a beta of 1.30.

Ingevity (NYSE:NGVT) last issued its quarterly earnings results on Wednesday, July 25th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.13. Ingevity had a return on equity of 46.65% and a net margin of 14.72%. The firm had revenue of $308.60 million for the quarter, compared to analysts’ expectations of $305.14 million. During the same quarter in the prior year, the firm earned $0.78 EPS. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. research analysts predict that Ingevity Corp will post 3.66 earnings per share for the current year.

Several research analysts have weighed in on the company. Buckingham Research boosted their price objective on Ingevity from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. SunTrust Banks boosted their price objective on Ingevity from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, June 25th. Loop Capital set a $98.00 price objective on Ingevity and gave the stock a “hold” rating in a research report on Thursday. KeyCorp boosted their price objective on Ingevity from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, July 13th. Finally, Berenberg Bank assumed coverage on Ingevity in a research report on Thursday, July 12th. They issued a “buy” rating and a $100.00 price objective on the stock. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $100.33.

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 wood-based chemically activated carbon products primarily for gasoline vapor emission control systems.

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Institutional Ownership by Quarter for Ingevity (NYSE:NGVT)

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