The London Company highlights Ingevity Corporation in investor letter, positive outlook for performance materials

From Yahoo Finance: 2025-05-13 12:08:00

The London Company released its first-quarter 2025 investor letter, noting a 6.9% decline in its Small Cap Strategy fund, outperforming the Russell 2000 Index’s 9.5% decrease. Stock selection positively impacted performance, partially offset by sector exposure. Top picks for 2025 can be found in its top five holdings.

Ingevity Corporation (NYSE:NGVT) was highlighted in The London Company’s Q1 2025 investor letter. The company, based in North Charleston, South Carolina, saw a one-month return of 36.03% and a 21.54% decrease in share value over the last 52 weeks. On May 12, 2025, Ingevity Corporation closed at $43.04 per share with a market cap of $1.571 billion.

The London Company Small Cap Strategy increased its position in Ingevity Corporation (NYSE:NGVT) due to its attractive parts. While the performance chemicals division faced challenges, the performance materials division is expected to thrive with stricter global emission standards for vehicles.

In Q1 2025, Ingevity Corporation (NYSE:NGVT) reported a revenue of $284 million, a 17% year-over-year decrease. Despite its potential, hedge funds hold a stronger conviction in AI stocks for higher returns in a shorter timeframe. For a promising, inexpensive AI stock like NVIDIA, check out Insider Monkey’s report on the cheapest AI stock.



Read more at Yahoo Finance: Should You Consider Adding Ingevity Corporation (NGVT) to Your Portfolio?