Teacher Retirement System of Texas bought a new position in shares of Ingevity Corporation (NYSE:NGVT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,483 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Teachers Advisors LLC increased its holdings in Ingevity Corporation by 0.9% in the first quarter. Teachers Advisors LLC now owns 89,819 shares of the company’s stock valued at $5,465,000 after buying an additional 779 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Ingevity Corporation by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 447,092 shares of the company’s stock valued at $27,206,000 after buying an additional 6,728 shares during the last quarter. UBS Group AG increased its holdings in Ingevity Corporation by 18.2% in the first quarter. UBS Group AG now owns 7,451 shares of the company’s stock valued at $454,000 after buying an additional 1,148 shares during the last quarter. Bank of Montreal Can increased its holdings in Ingevity Corporation by 1,298.3% in the second quarter. Bank of Montreal Can now owns 77,883 shares of the company’s stock valued at $4,470,000 after buying an additional 72,313 shares during the last quarter. Finally, Aperio Group LLC increased its holdings in Ingevity Corporation by 6.7% in the second quarter. Aperio Group LLC now owns 20,013 shares of the company’s stock valued at $1,149,000 after buying an additional 1,263 shares during the last quarter. 90.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ingevity Corporation (NYSE NGVT) traded up $1.11 during mid-day trading on Friday, reaching $76.27. The company’s stock had a trading volume of 104,477 shares, compared to its average volume of 205,878. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.34 and a current ratio of 2.36. Ingevity Corporation has a 12 month low of $48.74 and a 12 month high of $77.79. The firm has a market capitalization of $3,165.40, a P/E ratio of 30.43, a P/E/G ratio of 2.51 and a beta of 1.66.

Ingevity Corporation (NYSE:NGVT) last issued its earnings results on Wednesday, November 1st. The company reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.11. Ingevity Corporation had a return on equity of 58.14% and a net margin of 9.86%. The company had revenue of $264.10 million during the quarter, compared to the consensus estimate of $260.88 million. During the same period in the previous year, the firm posted $0.64 earnings per share. Ingevity Corporation’s quarterly revenue was up 4.6% compared to the same quarter last year. analysts anticipate that Ingevity Corporation will post 2.49 earnings per share for the current fiscal year.

NGVT has been the subject of several research analyst reports. KeyCorp reissued a “buy” rating and issued a $75.00 price objective (up from $70.00) on shares of Ingevity Corporation in a report on Thursday, October 5th. Zacks Investment Research upgraded Ingevity Corporation from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research note on Wednesday, October 4th. Loop Capital assumed coverage on Ingevity Corporation in a research note on Thursday, September 28th. They issued a “buy” rating and a $73.00 target price for the company. Jefferies Group LLC set a $71.00 target price on Ingevity Corporation and gave the company a “buy” rating in a research note on Thursday, August 24th. Finally, BidaskClub upgraded Ingevity Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, November 4th. Seven analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $73.17.

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Ingevity Corporation 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.

Institutional Ownership by Quarter for Ingevity Corporation (NYSE:NGVT)

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