Mesirow Financial Investment Management Equity Management Has $10.69 Million Position in Ingevity Corp (NGVT)

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Mesirow Financial Investment Management Equity Management reduced its stake in shares of Ingevity Corp (NYSE:NGVT) by 25.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,726 shares of the company’s stock after selling 44,703 shares during the quarter. Ingevity makes up about 1.4% of Mesirow Financial Investment Management Equity Management’s holdings, making the stock its 21st biggest holding. Mesirow Financial Investment Management Equity Management’s holdings in Ingevity were worth $10,689,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Fruth Investment Management increased its position in Ingevity by 5.1% during the 4th quarter. Fruth Investment Management now owns 8,679 shares of the company’s stock valued at $726,000 after purchasing an additional 419 shares during the period. Glenmede Trust Co. NA increased its position in Ingevity by 39.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 4,442 shares of the company’s stock valued at $452,000 after purchasing an additional 1,260 shares during the period. EAM Investors LLC purchased a new position in Ingevity during the 3rd quarter valued at $3,577,000. Royce & Associates LP increased its position in Ingevity by 110.2% during the 3rd quarter. Royce & Associates LP now owns 104,157 shares of the company’s stock valued at $10,612,000 after purchasing an additional 54,600 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in Ingevity during the 3rd quarter valued at $786,000. 95.64% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have issued reports on NGVT shares. Stifel Nicolaus started coverage on shares of Ingevity in a research report on Monday, December 10th. They set a “hold” rating and a $84.00 price objective on the stock. Zacks Investment Research downgraded shares of Ingevity from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Oppenheimer set a $100.00 price objective on shares of Ingevity and gave the company a “buy” rating in a research report on Wednesday, October 24th. Loop Capital set a $95.00 price objective on shares of Ingevity and gave the company a “hold” rating in a research report on Thursday, December 13th. Finally, Jefferies Financial Group set a $68.00 price objective on shares of Ingevity and gave the company a “buy” rating in a research report on Thursday, December 20th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Ingevity presently has an average rating of “Buy” and a consensus target price of $95.33.

Shares of NGVT stock opened at $92.17 on Monday. The firm has a market cap of $3.87 billion, a PE ratio of 35.72, a price-to-earnings-growth ratio of 1.64 and a beta of 1.55. Ingevity Corp has a 12 month low of $66.57 and a 12 month high of $106.59. The company has a current ratio of 2.34, a quick ratio of 1.26 and a debt-to-equity ratio of 2.31.

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Ingevity Profile

Ingevity Corporation manufactures and sells specialty chemicals and carbon materials in the United States and internationally. The company operates through two segments, Performance Materials and Performance Chemicals. The Performance Materials segment engineers, manufactures, and sells wood-based chemically activated carbon products primarily for gasoline vapor emission control systems.

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Institutional Ownership by Quarter for Ingevity (NYSE:NGVT)

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