Robecosam AG lowered its holdings in Ingredion Inc (NYSE:INGR) by 12.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,502 shares of the company’s stock after selling 1,970 shares during the quarter. Robecosam AG’s holdings in Ingredion were worth $2,029,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. SeaCrest Wealth Management LLC purchased a new position in Ingredion during the 4th quarter worth $114,000. Focused Wealth Management Inc purchased a new position in Ingredion during the 4th quarter worth $140,000. Meeder Asset Management Inc. boosted its holdings in Ingredion by 146.4% during the 4th quarter. Meeder Asset Management Inc. now owns 1,109 shares of the company’s stock worth $155,000 after acquiring an additional 659 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new position in Ingredion during the 3rd quarter worth $173,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Ingredion by 66.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,249 shares of the company’s stock worth $174,000 after acquiring an additional 500 shares during the last quarter. 86.53% of the stock is owned by institutional investors and hedge funds.
Ingredion Inc (INGR) opened at $133.30 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 2.52 and a debt-to-equity ratio of 0.60. The firm has a market cap of $9,735.91, a PE ratio of 18.85, a P/E/G ratio of 1.48 and a beta of 0.79. Ingredion Inc has a fifty-two week low of $113.42 and a fifty-two week high of $146.28.
A number of research firms have issued reports on INGR. ValuEngine raised shares of Ingredion from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Zacks Investment Research downgraded shares of Ingredion from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Credit Suisse Group set a $156.00 price target on shares of Ingredion and gave the stock a “buy” rating in a report on Wednesday, January 10th. Finally, Stephens raised shares of Ingredion from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Ingredion currently has a consensus rating of “Hold” and an average price target of $146.00.
In related news, SVP Robert J. Stefansic sold 9,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $129.62, for a total value of $1,166,580.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Martin Sonntag sold 14,939 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $135.00, for a total transaction of $2,016,765.00. Following the completion of the transaction, the senior vice president now directly owns 9,875 shares in the company, valued at $1,333,125. The disclosure for this sale can be found here. Insiders sold a total of 40,541 shares of company stock worth $5,424,781 over the last three months. 1.92% of the stock is owned by insiders.
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Ingredion Incorporated is an ingredients solutions provider. The Company manufactures and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials to a range of industries, both domestically and internationally.
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