R Squared Ltd Acquires New Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

R Squared Ltd bought a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 1,310 shares of the specialty chemicals company’s stock, valued at approximately $111,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Public Sector Pension Investment Board boosted its holdings in International Flavors & Fragrances by 69.5% in the second quarter. Public Sector Pension Investment Board now owns 9,794 shares of the specialty chemicals company’s stock valued at $932,000 after acquiring an additional 4,015 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of International Flavors & Fragrances by 174.4% in the 2nd quarter. AQR Capital Management LLC now owns 97,577 shares of the specialty chemicals company’s stock valued at $9,290,000 after purchasing an additional 62,017 shares during the last quarter. Creative Planning increased its position in shares of International Flavors & Fragrances by 10.2% during the second quarter. Creative Planning now owns 50,794 shares of the specialty chemicals company’s stock worth $4,836,000 after buying an additional 4,722 shares during the period. Quarry LP raised its stake in International Flavors & Fragrances by 1,522.5% during the second quarter. Quarry LP now owns 649 shares of the specialty chemicals company’s stock worth $62,000 after buying an additional 609 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in International Flavors & Fragrances in the second quarter valued at $694,000. Institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on IFF shares. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Friday, November 8th. Barclays dropped their price target on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. UBS Group raised their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Stifel Nicolaus increased their target price on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.00.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $87.75 on Friday. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $86.32 and a 200-day moving average price of $94.89. The company has a market cap of $22.44 billion, a PE ratio of -9.65, a price-to-earnings-growth ratio of 1.51 and a beta of 1.18.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the business posted $0.89 earnings per share. International Flavors & Fragrances’s revenue was up 3.7% on a year-over-year basis. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the transaction, the insider now owns 3,238 shares in the company, valued at $297,086.50. This represents a 60.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.