Villanova Investment Management Co LLC Raises Holdings in Ingevity Co. (NYSE:NGVT)

Villanova Investment Management Co LLC boosted its holdings in shares of Ingevity Co. (NYSE:NGVT) by 17.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 57,104 shares of the company’s stock after buying an additional 8,645 shares during the quarter. Ingevity makes up about 2.1% of Villanova Investment Management Co LLC’s holdings, making the stock its 17th biggest holding. Villanova Investment Management Co LLC’s holdings in Ingevity were worth $2,327,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NGVT. KBC Group NV lifted its holdings in shares of Ingevity by 27.5% in the 4th quarter. KBC Group NV now owns 2,007 shares of the company’s stock worth $82,000 after acquiring an additional 433 shares during the last quarter. Empowered Funds LLC acquired a new position in Ingevity during the fourth quarter worth $187,000. O Shaughnessy Asset Management LLC acquired a new position in Ingevity during the fourth quarter worth $214,000. Teacher Retirement System of Texas purchased a new position in shares of Ingevity during the fourth quarter worth $237,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Ingevity in the fourth quarter valued at $239,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NGVT shares. StockNews.com lowered Ingevity from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. BMO Capital Markets raised shares of Ingevity from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $62.00 to $65.00 in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $55.17.

Ingevity Price Performance

Shares of NYSE NGVT opened at $39.64 on Tuesday. The company has a debt-to-equity ratio of 6.86, a current ratio of 1.87 and a quick ratio of 1.04. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -3.35 and a beta of 1.53. The stock’s 50-day moving average is $45.01 and its two-hundred day moving average is $42.63. Ingevity Co. has a 1-year low of $30.90 and a 1-year high of $56.30.

Ingevity (NYSE:NGVT) last released its earnings results on Tuesday, February 18th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.66. Ingevity had a negative net margin of 30.60% and a positive return on equity of 41.44%. The firm had revenue of $298.80 million for the quarter, compared to analyst estimates of $297.40 million. Analysts forecast that Ingevity Co. will post 4.45 EPS for the current fiscal year.

About Ingevity

Ingevity Corporation manufactures and sells activated carbon products, derivative specialty chemicals, and engineered polymers in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. It operates through three segments: Performance Materials, Performance Chemicals, and Advanced Polymer Technologies.