Ingredion Inc. (INGR) Position Decreased by Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V. cut its stake in Ingredion Inc. (NYSE:INGR) by 10.3% during the third quarter, Holdings Channel reports. The fund owned 166,271 shares of the company’s stock after selling 19,026 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Ingredion were worth $22,126,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Global X Management Co. LLC boosted its position in shares of Ingredion by 58.0% in the third quarter. Global X Management Co. LLC now owns 771 shares of the company’s stock valued at $103,000 after buying an additional 283 shares during the period. NEXT Financial Group Inc boosted its stake in shares of Ingredion by 14.4% in the third quarter. NEXT Financial Group Inc now owns 795 shares of the company’s stock valued at $106,000 after buying an additional 100 shares during the period. Invictus RG boosted its stake in shares of Ingredion by 6.9% in the second quarter. Invictus RG now owns 865 shares of the company’s stock valued at $112,000 after buying an additional 56 shares during the period. Mizuho Asset Management Co. Ltd. bought a new stake in shares of Ingredion during the second quarter valued at about $121,000. Finally, ClariVest Asset Management LLC bought a new stake in shares of Ingredion during the second quarter valued at about $135,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.
Ingredion Inc. (NYSE:INGR) traded up 0.20% during mid-day trading on Tuesday, hitting $119.81. The stock had a trading volume of 96,189 shares. The firm has a 50-day moving average of $127.29 and a 200-day moving average of $128.85. The stock has a market cap of $8.67 billion, a P/E ratio of 17.85 and a beta of 0.78. Ingredion Inc. has a 52-week low of $84.57 and a 52-week high of $140.00.
Ingredion (NYSE:INGR) last announced its earnings results on Wednesday, November 2nd. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.18. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.45 billion. Ingredion had a return on equity of 21.14% and a net margin of 8.50%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.64 earnings per share. On average, analysts forecast that Ingredion Inc. will post $7.06 EPS for the current fiscal year.
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Several analysts have issued reports on INGR shares. Zacks Investment Research raised Ingredion from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a research report on Saturday, November 5th. Societe Generale started coverage on Ingredion in a research report on Wednesday, September 7th. They set a “hold” rating on the stock. Finally, Credit Suisse Group AG increased their target price on Ingredion from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, November 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $130.67.
Ingredion Company Profile
Ingredion Incorporated (Ingredion) is a global ingredients solutions provider. The Company is engaged in the production and sale of starches and sweeteners for a range of industries. Its operations are classified into four segments: North America, South America, Asia Pacific, and Europe, Middle East and Africa (EMEA).
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