Xact Kapitalforvaltning AB Raises Holdings in Ingredion Inc (NYSE:INGR)
Xact Kapitalforvaltning AB lifted its holdings in shares of Ingredion Inc (NYSE:INGR) by 38.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,082 shares of the company’s stock after purchasing an additional 2,247 shares during the period. Xact Kapitalforvaltning AB’s holdings in Ingredion were worth $667,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. LSV Asset Management grew its stake in Ingredion by 1.5% in the 1st quarter. LSV Asset Management now owns 2,514,033 shares of the company’s stock worth $238,053,000 after acquiring an additional 37,700 shares during the period. FMR LLC grew its stake in Ingredion by 1.2% in the 1st quarter. FMR LLC now owns 2,044,501 shares of the company’s stock worth $193,594,000 after acquiring an additional 23,558 shares during the period. Dimensional Fund Advisors LP grew its stake in Ingredion by 24.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,355,320 shares of the company’s stock worth $123,876,000 after acquiring an additional 265,248 shares during the period. AJO LP grew its stake in Ingredion by 18.4% in the 1st quarter. AJO LP now owns 1,040,979 shares of the company’s stock worth $98,570,000 after acquiring an additional 162,133 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Ingredion by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 889,284 shares of the company’s stock worth $84,206,000 after acquiring an additional 8,389 shares during the period. 89.66% of the stock is owned by institutional investors and hedge funds.
Shares of INGR traded up $0.58 during mid-day trading on Friday, reaching $79.13. The company had a trading volume of 379,741 shares, compared to its average volume of 558,635. The firm has a market capitalization of $5.28 billion, a PE ratio of 11.43 and a beta of 0.85. The company’s fifty day simple moving average is $81.59. Ingredion Inc has a fifty-two week low of $75.67 and a fifty-two week high of $107.52. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 2.41.
The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Monday, July 1st were issued a $0.625 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.16%. Ingredion’s dividend payout ratio (DPR) is presently 36.13%.
Several analysts have commented on INGR shares. TheStreet raised shares of Rent-A-Center from a “c” rating to a “b-” rating in a research note on Tuesday, May 7th. Zacks Investment Research cut shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. Finally, Credit Suisse Group lowered their target price on shares of Lennox International from $282.00 to $265.00 and set a “neutral” rating for the company in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $103.67.
In related news, CFO James D. Gray purchased 1,000 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were bought at an average price of $78.37 per share, for a total transaction of $78,370.00. Following the acquisition, the chief financial officer now directly owns 15,222 shares in the company, valued at $1,192,948.14. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.56% of the stock is owned by company insiders.
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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