Villanova Investment Management Co LLC Purchases 9,140 Shares of Ingevity Corporation $NGVT

Villanova Investment Management Co LLC boosted its position in Ingevity Corporation (NYSE:NGVT) by 17.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,687 shares of the company’s stock after purchasing an additional 9,140 shares during the period. Ingevity comprises 2.4% of Villanova Investment Management Co LLC’s investment portfolio, making the stock its 9th biggest position. Villanova Investment Management Co LLC owned approximately 0.17% of Ingevity worth $3,405,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NGVT. Mitsubishi UFJ Asset Management UK Ltd. increased its position in shares of Ingevity by 25.0% in the third quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 20,000 shares of the company’s stock valued at $1,104,000 after buying an additional 4,000 shares in the last quarter. Isthmus Partners LLC grew its stake in Ingevity by 3.9% in the 3rd quarter. Isthmus Partners LLC now owns 71,870 shares of the company’s stock valued at $3,967,000 after acquiring an additional 2,712 shares during the last quarter. Synovus Financial Corp grew its stake in Ingevity by 16.2% in the 3rd quarter. Synovus Financial Corp now owns 24,961 shares of the company’s stock valued at $1,378,000 after acquiring an additional 3,472 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Ingevity by 66.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 126,080 shares of the company’s stock valued at $6,958,000 after acquiring an additional 50,498 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its position in Ingevity by 31.8% during the third quarter. Public Sector Pension Investment Board now owns 163,917 shares of the company’s stock worth $9,047,000 after acquiring an additional 39,571 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on NGVT shares. Wall Street Zen lowered shares of Ingevity from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ingevity in a report on Thursday, January 22nd. BMO Capital Markets raised their price target on Ingevity from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 10th. Wells Fargo & Company upped their price objective on Ingevity from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 28th. Finally, Zacks Research raised Ingevity to a “hold” rating in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $67.50.

Ingevity Price Performance

Shares of NYSE:NGVT opened at $72.20 on Monday. The company has a market cap of $2.60 billion, a P/E ratio of -39.67 and a beta of 1.34. The company has a quick ratio of 0.80, a current ratio of 1.27 and a debt-to-equity ratio of 8.39. Ingevity Corporation has a 52 week low of $28.49 and a 52 week high of $77.46. The business has a fifty day simple moving average of $65.98 and a 200-day simple moving average of $58.55.

Ingevity 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.