Ingevity Co. (NYSE:NGVT – Get Ranking) was the recipient of a big drop briefly curiosity in September. As of September thirtieth, there was brief curiosity totalling 780,800 shares, a drop of 17.0% from the September fifteenth complete of 941,000 shares. Roughly 2.1% of the corporate’s inventory are offered brief. Based mostly on a mean each day quantity of 189,600 shares, the days-to-cover ratio is presently 4.1 days.
Institutional Buying and selling of Ingevity
A number of hedge funds have lately added to or lowered their stakes within the firm. Patten Group Inc. lifted its holdings in Ingevity by 8.8% through the third quarter. Patten Group Inc. now owns 6,608 shares of the corporate’s inventory price $410,000 after buying a further 535 shares over the last quarter. Gateway Funding Advisers LLC lifted its holdings in Ingevity by 0.7% through the third quarter. Gateway Funding Advisers LLC now owns 64,692 shares of the corporate’s inventory price $3,922,000 after buying a further 478 shares over the last quarter. Authorized & Basic Group Plc lifted its holdings in Ingevity by 4.2% through the 2nd quarter. Authorized & Basic Group Plc now owns 164,627 shares of the corporate’s inventory price $10,394,000 after buying a further 6,633 shares over the last quarter. ExodusPoint Capital Administration LP acquired a brand new stake in Ingevity through the 2nd quarter price roughly $712,000. Lastly, Goldman Sachs Group Inc. lifted its holdings in Ingevity by 17.8% through the 2nd quarter. Goldman Sachs Group Inc. now owns 156,403 shares of the corporate’s inventory price $9,875,000 after buying a further 23,636 shares over the last quarter. 89.41% of the inventory is owned by institutional buyers and hedge funds.
Ingevity Inventory Efficiency
Shares of NGVT traded down $1.23 throughout mid-day buying and selling on Friday, reaching $61.39. The corporate’s inventory had a buying and selling quantity of 104,996 shares, in comparison with its common quantity of 220,589. Ingevity has a 1-year low of $56.31 and a 1-year excessive of $83.65. The inventory has a market cap of $2.38 billion, a P/E ratio of 16.50 and a beta of 1.79. The enterprise has a 50-day easy shifting common of $67.53 and a two-hundred day easy shifting common of $65.86. The corporate has a present ratio of two.54, a fast ratio of 1.50 and a debt-to-equity ratio of 1.80.
Ingevity (NYSE:NGVT – Get Ranking) final launched its quarterly earnings knowledge on Tuesday, August 2nd. The corporate reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. Ingevity had a return on fairness of 33.97% and a internet margin of 9.61%. The corporate had income of $419.90 million through the quarter, in comparison with analysts’ expectations of $406.50 million. As a bunch, equities analysis analysts anticipate that Ingevity will submit 6.05 earnings per share for the present fiscal yr.
Analyst Upgrades and Downgrades
NGVT has been the topic of quite a few analyst experiences. StockNews.com downgraded Ingevity from a “strong-buy” score to a “purchase” score in a analysis be aware on Friday, October seventh. BMO Capital Markets initiated protection on Ingevity in a analysis be aware on Tuesday. They issued an “outperform” score and a $87.00 worth goal for the corporate. Two funding analysts have rated the inventory with a maintain score and two have assigned a purchase score to the corporate’s inventory. In line with knowledge from MarketBeat.com, Ingevity at present has a consensus score of “Average Purchase” and a mean goal worth of $84.00.
About Ingevity
(Get Ranking)
Ingevity Company manufactures and sells specialty chemical substances and activated carbon supplies in North America, the Asia Pacific, Europe, the Center East, Africa, and South America. The corporate operates via two segments, Efficiency Supplies and Efficiency Chemical substances. The Efficiency Supplies section engineers, manufactures, and sells hardwood-based and chemically activated carbon merchandise primarily to be used in gasoline vapor emission management programs in vehicles, bikes, vans, and boats.
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