Key Points
- CEO David Li sold 5,000 Ingevity shares at an average price of $75.73, worth $378,650, reducing his ownership by 3.83% to 125,636 shares. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Ingevity reported quarterly EPS of $1.74, beating estimates of $1.33, while revenue reached $314.1 million. The company issued fiscal 2026 EPS guidance of $5.00 to $5.45.
- Analysts maintain a consensus “Hold” rating with an $80 price target, while institutional investors own 91.59% of the company. The stock recently traded near $74, compared with a 52-week range of $45.85 to $79.29.
Ingevity Corporation (NYSE:NGVT - Get Free Report) CEO David Li sold 5,000 shares of the company's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $75.73, for a total value of $378,650.00. Following the transaction, the chief executive officer owned 125,636 shares of the company's stock, valued at approximately $9,514,414.28. The trade was a 3.83% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Price Performance
Shares of NYSE NGVT opened at $74.01 on Wednesday. The company has a debt-to-equity ratio of 22.52, a current ratio of 1.61 and a quick ratio of 1.15. The firm has a market capitalization of $2.54 billion, a PE ratio of 50.34 and a beta of 1.16. Ingevity Corporation has a 1-year low of $45.85 and a 1-year high of $79.29. The business's fifty day moving average price is $73.84 and its two-hundred day moving average price is $71.78.
Ingevity (NYSE:NGVT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.41. The company 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. On average, research analysts expect that Ingevity Corporation will post 5.4 EPS for the current year.
Analyst Ratings Changes
Several research firms have commented on NGVT. Weiss Ratings upgraded shares of Ingevity from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Friday, July 31st. Wall Street Zen downgraded Ingevity from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $80.00.
Get Our Latest Analysis on NGVT
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of NGVT. Empowered Funds LLC acquired a new stake in Ingevity in the second quarter worth about $307,000. Public Employees Retirement System of Ohio acquired a new position in Ingevity during the 2nd quarter valued at about $75,000. Corient Private Wealth LP acquired a new position in Ingevity during the 2nd quarter valued at about $488,000. Bank of America Corp DE bought a new stake in shares of Ingevity during the 2nd quarter worth about $23,628,000. Finally, Freestone Grove Partners LP bought a new stake in shares of Ingevity during the 2nd quarter worth about $152,000. 91.59% of the stock is owned by institutional investors and hedge funds.
Ingevity Company Profile
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Get Free Report)
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.
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