Aquatic Capital Management LLC Takes $2.30 Million Position in Ingredion Incorporated (NYSE:INGR)

Aquatic Capital Management LLC purchased a new position in shares of Ingredion Incorporated (NYSE:INGR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 16,735 shares of the company's stock, valued at approximately $2,302,000.

A number of other institutional investors have also recently added to or reduced their stakes in INGR. BOK Financial Private Wealth Inc. acquired a new position in Ingredion during the 4th quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Ingredion during the fourth quarter worth about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Ingredion by 653.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226 shares of the company's stock valued at $31,000 after acquiring an additional 196 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Ingredion by 32.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company's stock worth $44,000 after acquiring an additional 79 shares during the period. Finally, Crews Bank & Trust bought a new stake in shares of Ingredion during the fourth quarter valued at approximately $48,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Ingredion Stock Performance

INGR stock traded up $1.30 during trading hours on Friday, reaching $132.30. The stock had a trading volume of 517,086 shares, compared to its average volume of 465,972. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. The stock has a 50-day simple moving average of $131.11 and a 200 day simple moving average of $135.55. The stock has a market capitalization of $8.51 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 1.03 and a beta of 0.72. Ingredion Incorporated has a fifty-two week low of $111.54 and a fifty-two week high of $155.44.

Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $2.54 by $0.09. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The firm had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the previous year, the business posted $1.65 earnings per share. The company's revenue for the quarter was down 6.3% compared to the same quarter last year. Analysts predict that Ingredion Incorporated will post 11.14 EPS for the current fiscal year.

Ingredion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Tuesday, April 1st. Ingredion's dividend payout ratio (DPR) is currently 32.96%.

Insiders Place Their Bets

In other news, CEO James P. Zallie sold 10,815 shares of Ingredion stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $125.88, for a total transaction of $1,361,392.20. Following the transaction, the chief executive officer now owns 34,127 shares in the company, valued at approximately $4,295,906.76. The trade was a 24.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

INGR has been the topic of several analyst reports. Stephens lowered their price target on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. BMO Capital Markets cut their price target on shares of Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Oppenheimer cut their target price on Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. StockNews.com cut Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Finally, UBS Group set a $155.00 price objective on Ingredion in a report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $152.20.

About Ingredion

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.