Ingevity authorizes $500 million in share repurchases
Ingevity Corporation (NGVT)
Last ingevity corporation earnings: 4/29 04:15 pm
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US:NYSE Investor Relations:
ir.ingevity.com
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Source: Business Wire
Company intends to purchase up to $250 million in shares over next 12 to 18 months NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE:NGVT) today announced that its board of directors has approved an authorization for the repurchase of up to $500 million of Ingevity’s outstanding common stock. In addition, the company stated that it intends to purchase up to $250 million in shares over the next 12 to 18 months. The company’s 2017 and 2018 stock repurchase plans have been rescinded in favor of this new authorization.“We are committed to utilizing our capital in the best interests of our shareholders. Given current market conditions, and our expectations for Ingevity, we believe prioritizing share repurchases is warranted,” said Rick Kelson, Ingevity’s chairman of the board, and interim president and CEO. “This authorization provides us with the necessary flexibility to be opportunistic throughout the year.”Share repurchases may be made from time to time in either op
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- Ingevity Co. (NYSE: NGVT) had its price target raised by analysts at BMO Capital Markets from $40.00 to $47.00. They now have a "market perform" rating on the stock.MarketBeat
- Ingevity reports third quarter 2024 financial resultsBusiness Wire
- Ingevity Corporation (NGVT): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
NGVT
Earnings
- 10/29/24 - Beat
NGVT
Sec Filings
- 11/12/24 - Form SC
- 11/4/24 - Form SC
- 10/30/24 - Form 10-Q
- NGVT's page on the SEC website