Ingredion Inc. (INGR) Position Decreased by Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V. cut its stake in shares of Ingredion Inc. (NYSE:INGR) by 10.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 166,271 shares of the company’s stock after selling 19,026 shares during the period. Robeco Institutional Asset Management B.V. owned 0.23% of Ingredion worth $22,126,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in INGR. Jacobs Levy Equity Management Inc. purchased a new position in shares of Ingredion during the first quarter worth $225,000. Arizona State Retirement System boosted its position in shares of Ingredion by 3.4% in the first quarter. Arizona State Retirement System now owns 36,498 shares of the company’s stock worth $3,898,000 after buying an additional 1,200 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Ingredion by 5.3% in the first quarter. Royal Bank of Canada now owns 215,196 shares of the company’s stock worth $22,980,000 after buying an additional 10,837 shares in the last quarter. Raymond James Trust N.A. purchased a new position in shares of Ingredion during the second quarter worth $238,000. Finally, British Columbia Investment Management Corp purchased a new position in shares of Ingredion during the second quarter worth $4,232,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ingredion Inc. (NYSE:INGR) traded up 0.20% during midday trading on Tuesday, hitting $119.81. The stock had a trading volume of 96,189 shares. The company’s 50 day moving average is $127.29 and its 200 day moving average is $128.85. The company has a market cap of $8.67 billion, a PE 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 issued its quarterly earnings data 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. Ingredion had a return on equity of 21.14% and a net margin of 8.50%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the business posted $1.64 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, analysts anticipate that Ingredion Inc. will post $7.06 earnings per share for the current year.
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A number of equities analysts recently weighed in on INGR shares. Zacks Investment Research cut Ingredion from a “buy” rating to a “hold” rating in a report on Tuesday, October 18th. Societe Generale initiated coverage on Ingredion in a research report on Wednesday, September 7th. They set a “hold” rating on the stock. Finally, Credit Suisse Group AG raised their price target on Ingredion from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, November 3rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price 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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