Trexquant Investment LP Purchases 53,763 Shares of Ingredion Incorporated (NYSE:INGR)

Trexquant Investment LP grew its holdings in shares of Ingredion Incorporated (NYSE:INGR - Free Report) by 89.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 114,202 shares of the company's stock after purchasing an additional 53,763 shares during the period. Trexquant Investment LP owned 0.18% of Ingredion worth $15,710,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Orion Portfolio Solutions LLC raised its position in shares of Ingredion by 195.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 11,608 shares of the company's stock worth $1,595,000 after purchasing an additional 7,676 shares during the period. State Street Corp increased its position in Ingredion by 0.8% in the third quarter. State Street Corp now owns 2,436,601 shares of the company's stock worth $334,862,000 after buying an additional 19,560 shares during the period. Franklin Resources Inc. lifted its stake in Ingredion by 75.7% in the third quarter. Franklin Resources Inc. now owns 194,295 shares of the company's stock valued at $26,109,000 after buying an additional 83,708 shares during the last quarter. Principal Financial Group Inc. lifted its position in Ingredion by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 725,374 shares of the company's stock valued at $99,683,000 after purchasing an additional 10,812 shares during the last quarter. Finally, Magnetar Financial LLC raised its holdings in shares of Ingredion by 606.2% during the fourth quarter. Magnetar Financial LLC now owns 38,023 shares of the company's stock valued at $5,230,000 after buying an additional 32,639 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors.

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Ingredion Stock Down 4.2 %

NYSE:INGR traded down $5.72 during trading hours on Friday, hitting $130.69. 611,511 shares of the stock traded hands, compared to its average volume of 453,271. The firm has a 50 day moving average price of $131.47 and a 200 day moving average price of $136.47. The firm has a market cap of $8.39 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.03 and a beta of 0.71. Ingredion Incorporated has a fifty-two week low of $109.51 and a fifty-two week high of $155.44. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47.

Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.09. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the business earned $1.65 EPS. The company's revenue for the quarter was down 6.3% compared to the same quarter last year. Equities research analysts anticipate that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be issued a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $3.20 dividend on an annualized basis and a yield of 2.45%. Ingredion's dividend payout ratio is currently 32.96%.

Insider Activity at Ingredion

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total value of $1,361,392.20. Following the completion of the sale, the chief executive officer now owns 34,127 shares of the company's stock, valued at $4,295,906.76. The trade was a 24.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on INGR shares. Oppenheimer decreased their price target on Ingredion from $178.00 to $167.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Stephens dropped their target price on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. StockNews.com downgraded Ingredion from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Finally, BMO Capital Markets decreased their price target on Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Ingredion currently has a consensus rating of "Moderate Buy" and an average target price of $158.20.

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.