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

Ingevity Corporation (NYSE:NGVT) SVP Ryan Fisher sold 2,709 shares of the 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 sale, the senior vice president directly owned 15,722 shares of the company’s stock, valued at $1,159,025.84. This represents a 14.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ingevity Trading Up 2.1%

NGVT opened at $77.18 on Thursday. The stock has a market capitalization of $2.65 billion, a P/E ratio of 52.50 and a beta of 1.16. Ingevity Corporation has a 12 month low of $45.85 and a 12 month high of $79.29. The firm’s fifty day simple moving average is $72.20 and its 200 day simple moving average is $71.20. The company has a current ratio of 1.61, a quick ratio of 1.15 and a debt-to-equity ratio of 22.52.

Ingevity (NYSE:NGVT) last announced its earnings results on Wednesday, July 29th. The company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.41. The firm had revenue of $314.10 million during the quarter, compared to analyst estimates 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. As a group, research analysts anticipate that Ingevity Corporation will post 5.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NGVT. Wall Street Zen downgraded Ingevity from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings upgraded Ingevity from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ingevity currently has a consensus rating of “Hold” and an average target price of $80.00.

Hedge Funds Weigh In On Ingevity

Large investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. bought a new position in shares of Ingevity in the 2nd quarter valued at about $1,037,000. Harbor Investment Advisory LLC bought a new stake in Ingevity during the second quarter worth about $71,000. Pacer Advisors Inc. raised its holdings in Ingevity by 4.5% during the first quarter. Pacer Advisors Inc. now owns 170,543 shares of the company’s stock worth $12,148,000 after acquiring an additional 7,315 shares in the last quarter. Edgestream Partners L.P. boosted its position in Ingevity by 11.3% during the first quarter. Edgestream Partners L.P. now owns 100,487 shares of the company’s stock valued at $7,158,000 after purchasing an additional 10,169 shares during the last quarter. Finally, Amundi boosted its position in Ingevity by 116.0% during the first quarter. Amundi now owns 9,389 shares of the company’s stock valued at $669,000 after purchasing an additional 5,042 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Ingevity Company Profile

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.