OxFORD Asset Management LLP increased its position in shares of Ingevity Corporation (NYSE:NGVT) by 20.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 165,512 shares of the company’s stock after acquiring an additional 27,624 shares during the period. OxFORD Asset Management LLP owned approximately 0.39% of Ingevity worth $10,430,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in shares of Ingevity by 169.9% in the 2nd quarter. Royal Bank of Canada now owns 535,159 shares of the company’s stock worth $30,718,000 after buying an additional 336,897 shares during the last quarter. Marshall Wace North America L.P. increased its holdings in shares of Ingevity by 4,456.0% in the 2nd quarter. Marshall Wace North America L.P. now owns 263,974 shares of the company’s stock worth $15,046,000 after buying an additional 258,180 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Ingevity by 320.0% in the 2nd quarter. Wells Fargo & Company MN now owns 302,614 shares of the company’s stock worth $17,370,000 after buying an additional 230,558 shares during the last quarter. TPG Group Holdings SBS Advisors Inc. increased its holdings in shares of Ingevity by 34.3% in the 2nd quarter. TPG Group Holdings SBS Advisors Inc. now owns 887,324 shares of the company’s stock worth $50,932,000 after buying an additional 226,830 shares during the last quarter. Finally, Chilton Investment Co. LLC increased its holdings in shares of Ingevity by 26.3% in the 2nd quarter. Chilton Investment Co. LLC now owns 1,066,649 shares of the company’s stock worth $61,226,000 after buying an additional 221,932 shares during the last quarter. 91.41% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the stock. KeyCorp reissued a “buy” rating and issued a $75.00 price target (up previously from $70.00) on shares of Ingevity in a report on Thursday, October 5th. Zacks Investment Research raised shares of Ingevity from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Loop Capital assumed coverage on shares of Ingevity in a report on Thursday, September 28th. They issued a “buy” rating and a $73.00 price target on the stock. BidaskClub raised shares of Ingevity from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Finally, Jefferies Group set a $71.00 price objective on shares of Ingevity and gave the company a “buy” rating in a research note on Thursday, August 24th. Eight research analysts have rated the stock with a buy rating, Ingevity currently has a consensus rating of “Buy” and an average target price of $75.57.
Ingevity (NYSE:NGVT) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.11. Ingevity had a net margin of 9.86% and a return on equity of 58.14%. The company had revenue of $264.10 million during the quarter, compared to analysts’ expectations of $260.88 million. During the same quarter in the prior year, the company earned $0.64 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. analysts forecast that Ingevity Corporation will post 2.49 earnings per share for the current fiscal year.
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Ingevity Company 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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