Amalgamated Bank lessened its position in Ingredion Incorporated (NYSE:INGR – Get Rating) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,176 shares of the company’s stock after selling 1,621 shares during the quarter. Amalgamated Bank’s holdings in Ingredion were worth $4,024,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Ingredion by 0.7% during the first quarter. Vanguard Group Inc. now owns 6,897,688 shares of the company’s stock valued at $601,134,000 after purchasing an additional 47,725 shares during the last quarter. BlackRock Inc. increased its position in shares of Ingredion by 1.9% during the first quarter. BlackRock Inc. now owns 5,790,111 shares of the company’s stock valued at $504,608,000 after acquiring an additional 107,110 shares in the last quarter. LSV Asset Management increased its position in shares of Ingredion by 1.0% during the first quarter. LSV Asset Management now owns 2,693,332 shares of the company’s stock valued at $234,724,000 after acquiring an additional 25,564 shares in the last quarter. State Street Corp increased its position in shares of Ingredion by 7.1% during the first quarter. State Street Corp now owns 2,364,523 shares of the company’s stock valued at $207,518,000 after acquiring an additional 155,995 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Ingredion by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,230,812 shares of the company’s stock valued at $194,419,000 after acquiring an additional 63,771 shares in the last quarter. 88.44% of the stock is owned by institutional investors.
Ingredion Price Performance
Shares of INGR opened at $82.98 on Thursday. The company has a market capitalization of $5.44 billion, a P/E ratio of 12.24 and a beta of 0.76. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average of $88.61 and a 200 day moving average of $88.53. Ingredion Incorporated has a twelve month low of $81.25 and a twelve month high of $101.89.
Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. It operates through four segments: North America; South America; Asia-Pacific; and Europe, Middle East and Africa. The company offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, and glucose syrup solids, as well as food-grade and industrial starches, biomaterials, and nutrition ingredients.
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