State of New Jersey Common Pension Fund D Has $2.47 Million Stake in Ingevity Co. (NYSE:NGVT)

State of New Jersey Common Pension Fund D lifted its holdings in shares of Ingevity Co. (NYSE:NGVTGet Rating) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,577 shares of the company’s stock after buying an additional 2,948 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.10% of Ingevity worth $2,472,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. State Street Corp grew its position in shares of Ingevity by 1.0% during the 4th quarter. State Street Corp now owns 1,211,177 shares of the company’s stock worth $86,841,000 after buying an additional 11,736 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Ingevity by 1,315.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 814,423 shares of the company’s stock worth $58,395,000 after buying an additional 756,903 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Ingevity by 4.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 701,052 shares of the company’s stock worth $50,265,000 after buying an additional 32,589 shares during the period. Geode Capital Management LLC grew its holdings in Ingevity by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 660,251 shares of the company’s stock valued at $47,339,000 after purchasing an additional 21,081 shares during the period. Finally, Palisade Capital Management LLC NJ grew its holdings in Ingevity by 0.7% during the fourth quarter. Palisade Capital Management LLC NJ now owns 596,360 shares of the company’s stock valued at $42,759,000 after purchasing an additional 4,435 shares during the period. Institutional investors and hedge funds own 96.34% of the company’s stock.

Ingevity Stock Performance

Shares of NGVT opened at $66.69 on Tuesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.86 and a current ratio of 1.33. Ingevity Co. has a twelve month low of $56.31 and a twelve month high of $88.02. The firm’s 50 day moving average price is $65.80 and its two-hundred day moving average price is $65.10. The firm has a market cap of $2.58 billion, a P/E ratio of 20.33 and a beta of 1.85.

Ingevity (NYSE:NGVTGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.51. Ingevity had a net margin of 8.95% and a return on equity of 32.84%. The firm had revenue of $382.80 million for the quarter, compared to analyst estimates of $341.58 million. During the same quarter in the previous year, the firm posted $1.27 earnings per share. The business’s revenue was up 19.5% on a year-over-year basis. On average, analysts forecast that Ingevity Co. will post 5.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of Ingevity from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 26th. TheStreet upgraded shares of Ingevity from a “c” rating to a “b-” rating in a report on Friday, May 27th.

About Ingevity

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Ingevity Corporation manufactures and sells specialty chemicals and activated carbon materials in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. The company operates through two segments, Performance Materials and Performance Chemicals. The Performance Materials segment engineers, manufactures, and sells hardwood-based and chemically activated carbon products primarily for use in gasoline vapor emission control systems in cars, motorcycles, trucks, and boats.

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Institutional Ownership by Quarter for Ingevity (NYSE:NGVT)

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