Ingredion Incorporated (NYSE:INGR) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC increased its holdings in shares of Ingredion Incorporated (NYSE:INGR) by 195.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,608 shares of the company’s stock after acquiring an additional 7,676 shares during the period. Orion Portfolio Solutions LLC’s holdings in Ingredion were worth $1,595,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of INGR. Blue Trust Inc. boosted its position in shares of Ingredion by 298.7% during the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $69,000 after purchasing an additional 445 shares in the last quarter. Raymond James & Associates grew its position in Ingredion by 6.7% during the second quarter. Raymond James & Associates now owns 206,798 shares of the company’s stock worth $23,720,000 after buying an additional 12,918 shares during the period. Leeward Investments LLC MA increased its holdings in Ingredion by 0.9% in the second quarter. Leeward Investments LLC MA now owns 250,963 shares of the company’s stock valued at $28,785,000 after buying an additional 2,347 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Ingredion by 57.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 3,616 shares of the company’s stock valued at $415,000 after acquiring an additional 1,326 shares during the period. Finally, ZWJ Investment Counsel Inc. boosted its stake in shares of Ingredion by 1.6% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 366,038 shares of the company’s stock worth $41,985,000 after acquiring an additional 5,676 shares in the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Insiders Place Their Bets

In other news, CEO James P. Zallie sold 371 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $133.58, for a total transaction of $49,558.18. Following the transaction, the chief executive officer now directly owns 52,159 shares in the company, valued at $6,967,399.22. This represents a 0.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James D. Gray sold 54,869 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $146.76, for a total transaction of $8,052,574.44. Following the completion of the sale, the chief financial officer now owns 12,795 shares of the company’s stock, valued at approximately $1,877,794.20. The trade was a 81.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 66,198 shares of company stock valued at $9,702,461. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on INGR shares. BMO Capital Markets lifted their price objective on Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. UBS Group raised their price target on Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Barclays boosted their price objective on shares of Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Oppenheimer increased their price objective on shares of Ingredion from $147.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, Stephens upgraded shares of Ingredion to a “hold” rating in a research report on Monday, December 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.17.

Ingredion Stock Down 0.3 %

INGR opened at $144.31 on Friday. The firm has a market cap of $9.40 billion, a P/E ratio of 14.08, a PEG ratio of 1.24 and a beta of 0.74. The business’s fifty day simple moving average is $141.40 and its 200 day simple moving average is $130.23. Ingredion Incorporated has a 52 week low of $105.78 and a 52 week high of $155.44. The company has a quick ratio of 1.69, a current ratio of 2.67 and a debt-to-equity ratio of 0.44.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Tuesday, November 5th. The company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.47. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period last year, the company earned $2.33 EPS. As a group, equities research analysts anticipate that Ingredion Incorporated will post 10.59 EPS for the current fiscal year.

Ingredion Profile

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.