Advisor Group Holdings Inc. lessened its position in Ingevity Co. (NYSE:NGVT – Get Rating) by 21.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,865 shares of the company's stock after selling 803 shares during the quarter. Advisor Group Holdings Inc.'s holdings in Ingevity were worth $1,981,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. lifted its position in shares of Ingevity by 182.7% in the first quarter. Victory Capital Management Inc. now owns 14,550 shares of the company's stock valued at $872,000 after acquiring an additional 9,404 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Ingevity by 8.3% in the first quarter. State of New Jersey Common Pension Fund D now owns 38,577 shares of the company's stock valued at $2,472,000 after acquiring an additional 2,948 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Ingevity by 1.9% in the first quarter. Mutual of America Capital Management LLC now owns 35,830 shares of the company's stock valued at $2,296,000 after acquiring an additional 683 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Ingevity by 180.1% in the first quarter. SG Americas Securities LLC now owns 13,483 shares of the company's stock valued at $864,000 after acquiring an additional 8,670 shares in the last quarter. Finally, McDonald Partners LLC purchased a new position in shares of Ingevity in the first quarter valued at approximately $288,000. Hedge funds and other institutional investors own 96.34% of the company's stock.
Get Ingevity alerts:Ingevity Stock Performance
Shares of Ingevity stock opened at $74.16 on Wednesday. Ingevity Co. has a one year low of $56.31 and a one year high of $83.65. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.50 and a current ratio of 2.54. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 19.94 and a beta of 1.85. The business's 50 day moving average price is $65.79 and its 200 day moving average price is $65.27.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on NGVT shares. StockNews.com upgraded Ingevity from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 5th. TheStreet upgraded Ingevity from a "c" rating to a "b-" rating in a research report on Friday, May 27th.Ingevity Profile
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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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