Wellington Management Takes 5% Passive Stake in Ingevity Corp

Ticker: NGVT · Form: SC 13G · Filed: 2024-02-08T00:00:00.000Z

Sentiment: bullish

Topics: institutional-ownership, passive-investment, SC-13G

TL;DR

**Wellington Management just revealed a 5% stake in Ingevity Corp, signaling institutional confidence.**

AI Summary

Wellington Management Group LLP, a Massachusetts-based investment adviser, reported on February 8, 2024, that as of December 29, 2023, it beneficially owns 5.0% of Ingevity Corp's common stock. This filing indicates a significant passive stake by a major institutional investor, suggesting their confidence in Ingevity Corp's long-term prospects. For current or prospective shareholders, this means a large, sophisticated entity sees value in the company, potentially signaling stability or future growth.

Why It Matters

This filing shows a major institutional investor, Wellington Management, has taken a significant stake in Ingevity Corp, which can be seen as a vote of confidence in the company's future.

Risk Assessment

Risk Level: low — A passive institutional stake generally indicates a long-term investment perspective and does not inherently pose a significant risk to the company or its shareholders.

Analyst Insight

A smart investor would view this as a positive signal, indicating institutional confidence in Ingevity Corp, and might consider further research into the company's fundamentals or hold their existing shares.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

Who is the reporting person in this SC 13G filing?

The reporting person is Wellington Management Group LLP, as stated in 'NAMES OF REPORTING PERSONS Wellington Management Group LLP'.

What is the subject company of this filing?

The subject company is Ingevity Corporation, as indicated by 'INGEVITY CORPORATION (Name of Issuer)'.

What was the date of the event that triggered this filing?

The date of the event which required the filing of this statement was December 29, 2023, as per 'December 29, 2023 (Date of Event Which Requires Filing of this Statement)'.

What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?

This Schedule 13G is filed under Rule 13d-1(b), as indicated by '[X] Rule 13d-1(b)'.

What is the CUSIP number for Ingevity Corporation's Common Stock?

The CUSIP number for Ingevity Corporation's Common Stock is 45688C107, as stated in '45688C107 (CUSIP Number)'.

Filing Stats: 1,963 words · 8 min read · ~7 pages · Grade level 10 · Accepted 2024-02-08 10:14:32

Filing Documents

From the Filing

SC 13G 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _ ) * INGEVITY CORPORATION (Name of Issuer) Common Stock (Title of Class of Securities) 45688C107 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 45688C107 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,905,361 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 2,148,379 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,148,379 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.93% 12. TYPE OF REPORTING PERSON HC CUSIP No. 45688C107 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,905,361 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 2,148,379 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,148,379 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.93% 12. TYPE OF REPORTING PERSON HC CUSIP No. 45688C107 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,905,361 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 2,148,379 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,148,379 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.93% 12. TYPE OF REPORTING PERSON HC CUSIP No. 45688C107 1. NAMES OF REPORTING PERSONS Wellington Management Company LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,839,490 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 2,043,646 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,043,646 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.64% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer INGEVITY CORPORATION (b) Address of Issuer's Principal Executive Offices 4920 O'hear Avenue Suite 400 North Charleston, SC 29405 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP Wellington Management Company LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware Wellington Management Company LLP - Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 45688C107 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as define

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