Top 3 Stock Picks of Jeff Ubben’s Inclusive Capital

In this article, we will look at top 3 stock picks of Jeff Ubben’s Inclusive Capital. If you want to read about Jeff Ubben’s investment philosophy and his hedge fund’s returns, you can go to Top 8 Stock Picks of Jeff Ubben’s Inclusive Capital.

3. Ingevity Corporation (NYSE:NGVT)

Inclusive Capital’s Stake Value: $128,550,000 

Percentage of Inclusive Capital’s 13F Portfolio: 13.26%

Number of Hedge Fund Holders: 20

Ingevity Corporation (NYSE:NGVT) manufactures and sells specialty chemicals and activated carbon materials in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. The company operates through two business segments: Performance Materials and Performance Chemicals. As of July 22, Ingevity Corporation (NYSE:NGVT) has free cash flows of $151.80 million.

Ingevity Corporation (NYSE:NGVT) makes use of renewable raw materials, which includes reusing waste products from other manufacturing processes. The company is also actively involved in the United Nations Global Compact and currently supports nine of the United Nations’ 17 sustainable development goals.

Over the past 3 months, 3 Wall Street analysts have given their price targets and ratings on Ingevity Corporation (NYSE:NGVT). The stock has received 2 Buy ratings, 1 Hold rating, and has a consensus Buy rating. Ingevity Corporation (NYSE:NGVT) has a high forecast of $112 and a low forecast of $74. The stock’s average price target, which borders $92, implies a 45% upside from its closing price of $63.24 on July 22.

In the first quarter of 2022, Inclusive Capital raised its stakes in Ingevity Corporation (NYSE:NGVT) by 159%, bringing them to $128.55 million. The investment covers 13.26% of Jeff Ubben’s 13F portfolio.

At the close of Q1 2022, 20 hedge funds held stakes in Ingevity Corporation (NYSE:NGVT) worth $354.03 million. This is compared to 23 positions a quarter ago with stakes worth $278.22 million. The hedge fund sentiment for the stock is positive.