CWA Asset Management Group LLC Acquires Shares of 22,051 Ingevity Corporation $NGVT

CWA Asset Management Group LLC bought a new position in shares of Ingevity Corporation (NYSE:NGVT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 22,051 shares of the company’s stock, valued at approximately $1,305,000.

Several other hedge funds also recently made changes to their positions in NGVT. Oakworth Capital Inc. bought a new stake in shares of Ingevity in the 3rd quarter valued at approximately $28,000. Geneos Wealth Management Inc. lifted its stake in Ingevity by 85.8% during the second quarter. Geneos Wealth Management Inc. now owns 838 shares of the company’s stock worth $36,000 after purchasing an additional 387 shares during the last quarter. Headlands Technologies LLC acquired a new position in Ingevity in the second quarter worth $46,000. Elevation Point Wealth Partners LLC acquired a new position in Ingevity in the second quarter worth $60,000. Finally, CIBC Private Wealth Group LLC bought a new stake in Ingevity during the third quarter valued at $62,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Ingevity Price Performance

Shares of NYSE NGVT opened at $63.54 on Monday. The company has a debt-to-equity ratio of 39.10, a current ratio of 1.33 and a quick ratio of 0.79. The firm has a market capitalization of $2.24 billion, a PE ratio of -13.66 and a beta of 1.31. Ingevity Corporation has a 1-year low of $28.49 and a 1-year high of $77.46. The business’s fifty day moving average price is $68.95 and its two-hundred day moving average price is $60.23.

Ingevity (NYSE:NGVT) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.16). The firm had revenue of $255.10 million for the quarter, compared to analyst estimates of $257.27 million. Ingevity had a negative net margin of 13.51% and a positive return on equity of 126.25%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the firm posted $0.95 EPS. Ingevity has set its FY 2026 guidance at 4.800-5.20 EPS. On average, research analysts expect that Ingevity Corporation will post 4.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NGVT shares. Wall Street Zen cut shares of Ingevity from a “strong-buy” rating to a “buy” rating in a report on Monday, March 9th. Zacks Research raised shares of Ingevity to a “hold” rating in a report on Tuesday, December 16th. Jefferies Financial Group reaffirmed a “buy” rating and set a $82.00 price objective on shares of Ingevity in a research report on Thursday, February 26th. BMO Capital Markets reiterated an “outperform” rating and set a $83.00 price objective on shares of Ingevity in a research note on Monday, March 2nd. Finally, Wells Fargo & Company raised their target price on shares of Ingevity from $65.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, February 27th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $80.00.

Ingevity Company 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.