Cerity Partners LLC Purchases 694 Shares of Ingredion Incorporated (NYSE:INGR)

Cerity Partners LLC grew its position in shares of Ingredion Incorporated (NYSE:INGR) by 3.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 18,691 shares of the company’s stock after acquiring an additional 694 shares during the period. Cerity Partners LLC’s holdings in Ingredion were worth $2,569,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Pacer Advisors Inc. grew its position in Ingredion by 92.4% during the second quarter. Pacer Advisors Inc. now owns 1,764,012 shares of the company’s stock valued at $202,332,000 after acquiring an additional 846,967 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Ingredion by 177.8% in the 2nd quarter. Acadian Asset Management LLC now owns 396,743 shares of the company’s stock valued at $45,491,000 after purchasing an additional 253,949 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Ingredion by 55,219.9% during the 3rd quarter. International Assets Investment Management LLC now owns 174,811 shares of the company’s stock valued at $240,240,000 after purchasing an additional 174,495 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Ingredion by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,685,339 shares of the company’s stock worth $308,009,000 after purchasing an additional 125,543 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Ingredion by 55.7% in the second quarter. AQR Capital Management LLC now owns 321,729 shares of the company’s stock worth $36,902,000 after purchasing an additional 115,147 shares during the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ingredion news, CEO James P. Zallie sold 371 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $133.58, for a total value of $49,558.18. Following the sale, the chief executive officer now owns 52,159 shares in the company, valued at approximately $6,967,399.22. This represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Larry Fernandes sold 6,122 shares of Ingredion stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $140.66, for a total transaction of $861,120.52. Following the transaction, the senior vice president now owns 29,034 shares of the company’s stock, valued at $4,083,922.44. The trade was a 17.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,328 shares of company stock valued at $1,649,741 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Ingredion Stock Up 0.2 %

Shares of Ingredion stock opened at $147.34 on Friday. The company has a current ratio of 2.67, a quick ratio of 1.69 and a debt-to-equity ratio of 0.44. Ingredion Incorporated has a 12-month low of $101.00 and a 12-month high of $155.44. The company has a market cap of $9.60 billion, a P/E ratio of 14.37, a PEG ratio of 1.26 and a beta of 0.73. The company’s fifty day simple moving average is $139.58 and its two-hundred day simple moving average is $128.56.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.47. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the company earned $2.33 earnings per share. Ingredion’s quarterly revenue was down 8.0% on a year-over-year basis. Research analysts anticipate that Ingredion Incorporated will post 10.6 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on INGR. Barclays lifted their price objective on Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. BMO Capital Markets lifted their price target on Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. UBS Group increased their price objective on Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Oppenheimer lifted their target price on shares of Ingredion from $147.00 to $178.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, StockNews.com cut shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Ingredion currently has an average rating of “Moderate Buy” and a consensus target price of $155.17.

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.