The SG Americas Securities LLC Takes Position in Ingevity Corp (NGVT)

The SG Americas Securities LLC Takes Position in Ingevity Corp (NGVT)

SG Americas Securities LLC purchased a new position in shares of Ingevity Corp (NASDAQ:NGVT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,517 shares of the company’s stock, valued at approximately $531,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. LSV Asset Management bought a new position in shares of Ingevity Corp during the second quarter worth about $3,238,000. GMT Capital Corp bought a new position in shares of Ingevity Corp during the second quarter worth about $4,417,000. Alpha Omega Wealth Management LLC bought a new position in shares of Ingevity Corp during the second quarter worth about $301,000. Zevin Asset Management LLC bought a new position in shares of Ingevity Corp during the second quarter worth about $368,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Ingevity Corp during the second quarter worth about $512,000.

Shares of Ingevity Corp (NASDAQ:NGVT) traded up 0.17% during mid-day trading on Wednesday, hitting $52.99. The company had a trading volume of 230,232 shares. The firm has a market capitalization of $2.23 billion and a P/E ratio of 68.73. Ingevity Corp has a 12 month low of $24.71 and a 12 month high of $55.77. The firm has a 50-day moving average price of $52.92 and a 200 day moving average price of $45.76.

Ingevity Corp (NASDAQ:NGVT) last announced its earnings results on Wednesday, November 2nd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. The company earned $252 million during the quarter, compared to analysts’ expectations of $247.60 million. The company’s quarterly revenue was down 1.8% on a year-over-year basis. On average, equities research analysts forecast that Ingevity Corp will post $1.99 earnings per share for the current fiscal year.

A number of analysts have recently commented on NGVT shares. Jefferies Group started coverage on Ingevity Corp in a research report on Friday, September 23rd. They issued a “buy” rating and a $57.00 price objective for the company. Buckingham Research started coverage on Ingevity Corp in a research report on Friday, September 23rd. They issued a “neutral” rating for the company. Zacks Investment Research cut Ingevity Corp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 5th. Aegis started coverage on Ingevity Corp in a research report on Tuesday, November 22nd. They issued a “buy” rating and a $59.00 price objective for the company. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $60.00 price objective (up from $50.00) on shares of Ingevity Corp in a research report on Thursday, December 15th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $54.00.

Ingevity Corp 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.

Want to see what other hedge funds are holding NGVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingevity Corp (NASDAQ:NGVT).

Related posts

Leave a Comment