Ingevity (NYSE:NGVT) SVP Ryan Fisher Sells 2,709 Shares

Ingevity Corporation (NYSE:NGVT) SVP Ryan Fisher sold 2,709 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $73.72, for a total transaction of $199,707.48. Following the transaction, the senior vice president directly owned 15,722 shares in the company, valued at $1,159,025.84. This trade represents a 14.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ingevity Price Performance

Shares of Ingevity stock opened at $75.47 on Wednesday. The company has a debt-to-equity ratio of 22.52, a current ratio of 1.61 and a quick ratio of 1.15. Ingevity Corporation has a fifty-two week low of $45.66 and a fifty-two week high of $79.29. The firm has a fifty day moving average price of $72.03 and a two-hundred day moving average price of $71.13. The company has a market cap of $2.59 billion, a PE ratio of 51.34 and a beta of 1.16.

Ingevity (NYSE:NGVT) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.41. The company had revenue of $314.10 million for the quarter, compared to the consensus estimate of $312.20 million. Ingevity had a net margin of 4.65% and a return on equity of 284.70%. Ingevity has set its FY 2026 guidance at 5.000-5.450 EPS. Analysts expect that Ingevity Corporation will post 5.4 EPS for the current year.

Hedge Funds Weigh In On Ingevity

Hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. increased its stake in Ingevity by 269.9% in the fourth quarter. Principal Financial Group Inc. now owns 652,237 shares of the company’s stock valued at $38,599,000 after acquiring an additional 475,907 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Ingevity by 311.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,380 shares of the company’s stock worth $23,769,000 after purchasing an additional 454,579 shares during the period. Simcoe Capital Management LLC lifted its stake in Ingevity by 188.8% during the second quarter. Simcoe Capital Management LLC now owns 624,935 shares of the company’s stock worth $26,928,000 after purchasing an additional 408,508 shares during the period. Boston Partners boosted its holdings in Ingevity by 141.6% during the fourth quarter. Boston Partners now owns 620,360 shares of the company’s stock valued at $36,719,000 after purchasing an additional 363,584 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Ingevity by 465.9% during the first quarter. Bessemer Group Inc. now owns 314,739 shares of the company’s stock valued at $22,419,000 after purchasing an additional 259,124 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NGVT has been the subject of several recent research reports. Weiss Ratings raised Ingevity from a “sell (d-)” rating to a “hold (c-)” rating in a report on Friday. Wall Street Zen lowered Ingevity from a “strong-buy” rating to a “buy” rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $80.00.

About Ingevity

Ingevity Corporation, traded as NGVT, is a specialty chemicals and performance materials company headquartered in North Charleston, South Carolina. The company operates two primary business units: Performance Chemicals and Performance Materials. The Performance Chemicals segment produces and markets specialty chemicals derived largely from wood and other natural feedstocks, including rosin acids, tall oil fatty acids and esters, as well as specialty petroleum resins. These products serve a broad range of industries, including paper, adhesives, coatings, oilfield drilling and consumer goods.

The Performance Materials segment develops and manufactures activated carbon products and composites for applications such as automotive emissions control, industrial air and water purification, and spill containment.