Latest Stocks: Ingevity Corp (NGVT) Shares Bought by Comerica Bank

Latest Stocks: Ingevity Corp (NGVT) Shares Bought by Comerica Bank

Comerica Bank increased its stake in shares of Ingevity Corp (NASDAQ:NGVT) by 9.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,309 shares of the company’s stock after buying an additional 6,460 shares during the period. Comerica Bank owned 0.18% of Ingevity Corp worth $4,818,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NGVT. Kornitzer Capital Management Inc. KS raised its position in Ingevity Corp by 10.0% in the third quarter. Kornitzer Capital Management Inc. KS now owns 279,309 shares of the company’s stock worth $12,876,000 after buying an additional 25,477 shares during the last quarter. BlackRock Advisors LLC raised its position in Ingevity Corp by 4.0% in the third quarter. BlackRock Advisors LLC now owns 31,420 shares of the company’s stock valued at $1,448,000 after buying an additional 1,208 shares during the last quarter. Rhumbline Advisers raised its position in Ingevity Corp by 6.1% in the third quarter. Rhumbline Advisers now owns 61,568 shares of the company’s stock valued at $2,838,000 after buying an additional 3,518 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Ingevity Corp by 6.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,054,831 shares of the company’s stock valued at $48,628,000 after buying an additional 60,285 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Ingevity Corp by 2.0% in the third quarter. Ameriprise Financial Inc. now owns 219,709 shares of the company’s stock valued at $10,127,000 after buying an additional 4,265 shares during the last quarter.

Shares of Ingevity Corp (NASDAQ NGVT) opened at 57.83 on Tuesday. The company’s 50-day moving average is $60.01 and its 200 day moving average is $56.69. Ingevity Corp has a 52 week low of $31.33 and a 52 week high of $65.02. The stock has a market capitalization of $2.44 billion and a P/E ratio of 54.56.

Ingevity Corp (NASDAQ:NGVT) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The firm had revenue of $218.50 million during the quarter, compared to the consensus estimate of $206.90 million. On average, equities analysts forecast that Ingevity Corp will post $2.32 EPS for the current fiscal year. Several research firms have weighed in on NGVT. Zacks Investment Research lowered shares of Ingevity Corp from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Jefferies Group LLC boosted their price target on shares of Ingevity Corp from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, April 19th. Finally, Aegis reissued a “buy” rating and issued a $67.00 price target (up from $60.00) on shares of Ingevity Corp in a research note on Thursday, April 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $57.17.

In other news, Director Jean S. Blackwell purchased 1,500 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was acquired at an average price of $58.38 per share, with a total value of $87,570.00. Following the purchase, the director now owns 4,711 shares in the company, valued at approximately $275,028.18. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Ingevity Corp Company Profile

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