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.
2. Verra Mobility Corporation (NASDAQ:VRRM)
Inclusive Capital’s Stake Value: $169,244,000
Percentage of Inclusive Capital’s 13F Portfolio: 17.46%
Number of Hedge Fund Holders: 30
Verra Mobility Corporation (NASDAQ:VRRM) provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. The company has three business segments: Commercial Services, Government Solutions, and Parking Solutions. As of July 22, Verra Mobility Corporation (NASDAQ:VRRM) has gained 3.06% year to date and has trailing twelve-month free cash flows of $182.63 million.
On July 19, Verra Mobility Corporation (NASDAQ:VRRM) raised its full-year 2022 guidance at its investor day. The company raised its revenue view to a range between $720 million and $740 million, up from its prior revenue guidance of $715 million. Verra Mobility Corporation (NASDAQ:VRRM) also raised its adjusted EBITDA view to a range between $325 million and $335 million, up from its prior view of $322 million.
On July 20, Deutsche Bank analyst Faiza Alwy raised her price target on Verra Mobility Corporation (NASDAQ:VRRM) to $19 from $18 and reiterated a Hold rating on the shares.
As of March 31, Inclusive Capital owns more than 10.3 million shares of Verra Mobility Corporation (NASDAQ:VRRM). The fund’s stakes in the company sit at $169.24 million, which represents 17.46% of Jeff Ubben’s 13F portfolio.
At the end of Q1 2022, 30 hedge funds were bullish on Verra Mobility Corporation (NASDAQ:VRRM) and held stakes worth $684.35 million in the company. This is compared to 32 positions a quarter ago with stakes worth $651.41 million.
1. Enviva Partners, LP (NYSE:EVA)
Inclusive Capital’s Stake Value: $412,553,000
Percentage of Inclusive Capital’s 13F Portfolio: 42.57%
Number of Hedge Fund Holders: 17
Enviva Partners, LP (NYSE:EVA) produces and sells utility-grade wood pellets. The company’s products are used as a substitute for coal in power generation, and combined heat and power plants. Enviva Partners, LP (NYSE:EVA) serves power generators in the United Kingdom, Europe, and Japan. In its 2021 CSR report, Evinva Partners, LP (NYSE:EVA) announced that it plans to achieve net-zero greenhouse gas emissions from its operations by 2030. As of July 22, the stock has surged by 17.32% over the past twelve months and has a forward dividend yield of 5.62%.
On June 23, Enviva Partners, LP (NYSE:EVA) disclosed in a regulatory filing that John Keppler, the company’s CEO, purchased 16,400 shares of common stock for roughly $1 million.
On July 19, JPMorgan analyst Mark Strouse raised his price target on Enviva Partners, LP (NYSE:EVA) to $71 from $70 and reiterated a Neutral rating on the shares.
In the first quarter of 2022, Inclusive Capital initiated a position in Enviva Partners, LP (NYSE:EVA) and purchased over 5.2 million shares of the company. The fund’s stakes are valued at $412.55 million, which covers 42.57% of Jeff Ubben’s 13F portfolio.
At the close of Q1 2022, 17 hedge funds were eager on Enviva Partners, LP (NYSE:EVA) and disclosed stakes worth $521.11 million in the company. This is compared to 5 positions a quarter ago with stakes worth $423.05 million. The hedge fund sentiment for the stock is positive.
You can also take a look at Top 10 ESG Stocks To Buy and 10 ESG Dividend Stocks to Buy.
