Alyeska Investment Group L.P. Makes New $3.79 Million Investment in Ingram Micro Holding Corp. (NYSE:INGM)

Alyeska Investment Group L.P. purchased a new stake in shares of Ingram Micro Holding Corp. (NYSE:INGM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 195,512 shares of the company's stock, valued at approximately $3,791,000. Alyeska Investment Group L.P. owned 0.08% of Ingram Micro as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN bought a new stake in shares of Ingram Micro during the 4th quarter worth about $45,000. Cohen & Steers Inc. bought a new stake in Ingram Micro during the fourth quarter worth approximately $48,000. Tower Research Capital LLC TRC bought a new position in Ingram Micro during the 4th quarter valued at $52,000. Russell Investments Group Ltd. acquired a new position in shares of Ingram Micro during the 4th quarter valued at $120,000. Finally, Rhumbline Advisers acquired a new stake in shares of Ingram Micro in the fourth quarter valued at $171,000.

Ingram Micro Trading Down 2.4 %

Shares of NYSE:INGM traded down $0.47 during trading on Friday, reaching $19.21. 533,933 shares of the company traded hands, compared to its average volume of 426,753. Ingram Micro Holding Corp. has a 1-year low of $14.25 and a 1-year high of $25.69. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $17.78.

Ingram Micro (NYSE:INGM - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.01. The firm had revenue of $13.34 billion for the quarter, compared to analysts' expectations of $13.21 billion. On average, equities analysts expect that Ingram Micro Holding Corp. will post 2.71 EPS for the current fiscal year.

Ingram Micro Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.076 per share. This represents a $0.30 annualized dividend and a yield of 1.58%. This is an increase from Ingram Micro's previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, May 20th.

Ingram Micro announced that its board has initiated a stock repurchase program on Tuesday, March 4th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to buy up to 1.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

INGM has been the topic of several research reports. Jefferies Financial Group dropped their price target on shares of Ingram Micro from $28.00 to $24.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. The Goldman Sachs Group reduced their target price on shares of Ingram Micro from $29.00 to $25.00 and set a "buy" rating for the company in a report on Friday. JPMorgan Chase & Co. lifted their price target on shares of Ingram Micro from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Friday. Raymond James reduced their price objective on Ingram Micro from $28.00 to $26.00 and set an "outperform" rating for the company in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada upped their target price on Ingram Micro from $26.00 to $28.00 and gave the company an "outperform" rating in a report on Friday, February 21st. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $25.79.

Ingram Micro Company Profile

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world's leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.