David Li Sells 5,000 Shares of Ingevity (NYSE:NGVT) Stock

Ingevity Corporation (NYSE:NGVT) CEO David Li sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $76.62, for a total transaction of $383,100.00. Following the completion of the transaction, the chief executive officer owned 135,636 shares in the company, valued at $10,392,430.32. This represents a 3.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ingevity Trading Up 1.6%

Shares of NGVT opened at $76.53 on Friday. Ingevity Corporation has a one year low of $45.85 and a one year high of $79.29. The stock has a 50-day moving average price of $73.57 and a 200 day moving average price of $71.65. The company has a debt-to-equity ratio of 22.52, a quick ratio of 1.15 and a current ratio of 1.61. The company has a market capitalization of $2.63 billion, a P/E ratio of 52.06 and a beta of 1.16.

Ingevity (NYSE:NGVT) last released its quarterly 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 business had revenue of $314.10 million during 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. Sell-side analysts forecast that Ingevity Corporation will post 5.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Los Angeles Capital Management LLC increased its position in shares of Ingevity by 94.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 30,877 shares of the company’s stock valued at $1,827,000 after purchasing an additional 14,975 shares during the period. Pacer Advisors Inc. acquired a new stake in Ingevity in the 4th quarter valued at about $9,660,000. Principal Financial Group Inc. lifted its holdings in Ingevity by 4.0% in the 1st quarter. Principal Financial Group Inc. now owns 678,037 shares of the company’s stock valued at $48,297,000 after acquiring an additional 25,800 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Ingevity by 465.9% during the 1st 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. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Ingevity by 3,998.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 94,830 shares of the company’s stock valued at $5,612,000 after purchasing an additional 92,516 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NGVT has been the topic of several research reports. Weiss Ratings raised Ingevity from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Wall Street Zen lowered shares of Ingevity from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ingevity currently has an average 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.