IngevityNGVT
Market Cap: $1.37B
About: Ingevity Corp is a chemical manufacturer based in the United States. It conducts its operations through three segments, namely Performance Chemicals, Advanced Polymer Technologies, and Performance Materials. The bulk of its revenue is generated by the Performance Chemicals segment which deals with the manufacture and sale of specialty chemicals that find their use in a range of processes such as asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, and publication inks. The Performance Materials segment, on the other hand, focuses on automotive carbon products used in automobiles. The Advanced Polymer Technologies segment produces caprolactone and caprolactone-based specialty polymers. The Company generates the majority of its revenue from North America.
Employees: 7,500
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
283% more call options, than puts
Call options by funds: $498K | Put options by funds: $130K
21% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 29
2% more funds holding
Funds holding: 258 [Q1] → 264 (+6) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
0.44% less ownership
Funds ownership: 95.59% [Q1] → 95.14% (-0.44%) [Q2]
7% less repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 90
9% less capital invested
Capital invested by funds: $1.65B [Q1] → $1.51B (-$143M) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
BMO Capital John McNulty 63% 1-year accuracy 24 / 38 met price target | 11%upside $42 | Market Perform Maintained | 5 Aug 2024 |
Wells Fargo Michael Sison 41% 1-year accuracy 13 / 32 met price target | 6%upside $40 | Equal-Weight Maintained | 5 Aug 2024 |
Oppenheimer Ian Zaffino 48% 1-year accuracy 11 / 23 met price target | 32%upside $50 | Outperform Maintained | 1 Aug 2024 |
Wells Fargo Michael Sison 41% 1-year accuracy 13 / 32 met price target | 19%upside $45 | Equal-Weight Maintained | 11 Jul 2024 |