Oarsman Capital Inc. Has $168,000 Stake in Ingredion Incorporated (NYSE:INGR)

Oarsman Capital Inc. trimmed its position in shares of Ingredion Incorporated (NYSE:INGR) by 12.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,223 shares of the company’s stock after selling 172 shares during the period. Oarsman Capital Inc.’s holdings in Ingredion were worth $168,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC boosted its holdings in shares of Ingredion by 195.2% during the third 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 lifted its position in Ingredion by 0.8% in the 3rd 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 in the last quarter. Franklin Resources Inc. boosted its stake in shares of Ingredion by 75.7% during the 3rd 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 period. Principal Financial Group Inc. grew its holdings in shares of Ingredion by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 725,374 shares of the company’s stock valued at $99,683,000 after acquiring an additional 10,812 shares in the last quarter. Finally, Fractal Investments LLC acquired a new position in shares of Ingredion in the fourth quarter worth $344,000. 85.27% of the stock is owned by institutional investors and hedge funds.

Ingredion Stock Performance

INGR opened at $130.69 on Friday. The stock has a 50-day moving average of $131.47 and a 200-day moving average of $136.47. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.62. Ingredion Incorporated has a 52-week low of $109.51 and a 52-week high of $155.44. The company has a market cap of $8.39 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.03 and a beta of 0.71.

Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.54 by $0.09. Ingredion had a return on equity of 18.62% and a net margin of 8.71%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the company posted $1.65 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities research analysts forecast that Ingredion Incorporated will post 11.14 earnings per share for the current fiscal year.

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Tuesday, April 1st. Ingredion’s dividend payout ratio (DPR) is 32.96%.

Insider Transactions at Ingredion

In other news, CEO James P. Zallie sold 10,815 shares of the stock in a transaction that occurred on 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 directly owns 34,127 shares of the company’s stock, valued at approximately $4,295,906.76. This represents a 24.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

INGR has been the subject of a number of research reports. Stephens reduced their price objective on Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. BMO Capital Markets cut their price target on Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. StockNews.com cut Ingredion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Oppenheimer dropped their price objective on Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $158.20.

Ingredion Company 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.