Quantbot Technologies LP purchased a new position in Ingredion Incorporated (NYSE:INGR - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 113,459 shares of the company's stock, valued at approximately $10,746,000. Ingredion accounts for about 0.4% of Quantbot Technologies LP's investment portfolio, making the stock its 22nd biggest holding. Quantbot Technologies LP owned 0.18% of Ingredion at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of INGR. International Assets Investment Management LLC purchased a new stake in shares of Ingredion in the fourth quarter valued at approximately $30,000. GHP Investment Advisors Inc. purchased a new position in shares of Ingredion during the 1st quarter valued at approximately $33,000. Los Angeles Capital Management LLC acquired a new stake in Ingredion in the 4th quarter valued at $36,000. Bell Investment Advisors Inc acquired a new stake in Ingredion in the 2nd quarter valued at $34,000. Finally, Root Financial Partners LLC increased its holdings in Ingredion by 83.7% in the 1st quarter. Root Financial Partners LLC now owns 371 shares of the company's stock worth $42,000 after acquiring an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 85.27% of the company's stock.
Ingredion Price Performance
Shares of NYSE INGR opened at $106.95 on Friday. The firm has a 50-day simple moving average of $100.84 and a 200-day simple moving average of $107.33. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 0.92 and a beta of 0.62. The company has a quick ratio of 1.92, a current ratio of 2.80 and a debt-to-equity ratio of 0.39. Ingredion Incorporated has a 52 week low of $94.44 and a 52 week high of $130.48.
Ingredion (NYSE:INGR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.71 by $0.11. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. Ingredion's quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business posted $2.87 earnings per share. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, equities analysts predict that Ingredion Incorporated will post 10.6 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research firms have issued reports on INGR. Oppenheimer downgraded shares of Ingredion from an "outperform" rating to a "market perform" rating in a report on Monday, June 8th. Zacks Research raised shares of Ingredion from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Weiss Ratings downgraded shares of Ingredion from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, July 8th. Barclays decreased their price target on shares of Ingredion from $120.00 to $118.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 5th. Finally, UBS Group boosted their price objective on Ingredion from $104.00 to $108.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $121.29.
View Our Latest Stock Analysis on INGR
Insider Buying and Selling at Ingredion
In other news, Director David B. Fischer sold 1,662 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total value of $170,039.22. Following the completion of the sale, the director directly owned 19,930 shares in the company, valued at $2,039,038.30. This represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.
Ingredion Company Profile
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Free Report)
Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.
The company's product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.
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