Crestline Management LP bought a new position in shares of Ingredion Inc (NYSE:INGR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 27,169 shares of the company’s stock, valued at approximately $2,483,000.

Several other institutional investors also recently bought and sold shares of INGR. Nissay Asset Management Corp Japan ADV raised its position in Ingredion by 1.8% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 6,089 shares of the company’s stock valued at $557,000 after purchasing an additional 110 shares during the last quarter. Creative Planning raised its position in Ingredion by 1.5% in the 4th quarter. Creative Planning now owns 7,703 shares of the company’s stock valued at $704,000 after purchasing an additional 114 shares during the last quarter. Benedict Financial Advisors Inc. raised its position in Ingredion by 3.3% in the 4th quarter. Benedict Financial Advisors Inc. now owns 3,992 shares of the company’s stock valued at $365,000 after purchasing an additional 129 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Ingredion by 9.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,430 shares of the company’s stock valued at $222,000 after purchasing an additional 200 shares during the last quarter. Finally, Bedel Financial Consulting Inc. raised its position in Ingredion by 23.1% in the 4th quarter. Bedel Financial Consulting Inc. now owns 1,137 shares of the company’s stock valued at $104,000 after purchasing an additional 213 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Several equities analysts have issued reports on the company. Seaport Global Securities assumed coverage on Ingredion in a research report on Thursday, February 21st. They issued a “buy” rating for the company. Vertical Group downgraded Ingredion from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. ValuEngine downgraded Ingredion from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Zacks Investment Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 26th. Finally, Jefferies Financial Group lifted their target price on Ingredion to $145.00 and gave the company a “buy” rating in a research note on Monday, November 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $117.80.

NYSE INGR opened at $94.89 on Friday. The firm has a market capitalization of $6.21 billion, a PE ratio of 13.71, a PEG ratio of 1.16 and a beta of 0.68. Ingredion Inc has a 52 week low of $87.02 and a 52 week high of $132.63. The company has a quick ratio of 1.39, a current ratio of 2.26 and a debt-to-equity ratio of 0.80.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, February 5th. The company reported $1.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.01). The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Ingredion had a net margin of 7.31% and a return on equity of 17.77%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the business posted $1.35 earnings per share. As a group, equities research analysts expect that Ingredion Inc will post 7.25 EPS for the current year.

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Ingredion Profile

Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, glucose and syrup solids, as well as food-grade and industrial starches, and biomaterials.

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Institutional Ownership by Quarter for Ingredion (NYSE:INGR)

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