Alyeska Investment Group L.P. Takes Position in Ingram Micro Holding Corp. (NYSE:INGM)

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INGM. Wells Fargo & Company MN acquired a new stake in Ingram Micro during the fourth quarter worth $45,000. Cohen & Steers Inc. acquired a new position in Ingram Micro during the 4th quarter worth approximately $48,000. Tower Research Capital LLC TRC acquired a new stake in Ingram Micro in the fourth quarter valued at $52,000. Russell Investments Group Ltd. purchased a new stake in Ingram Micro during the fourth quarter worth approximately $120,000. Finally, Rhumbline Advisers purchased a new position in shares of Ingram Micro in the 4th quarter valued at $171,000.

Analyst Ratings Changes

A number of equities research analysts have recently commented on INGM shares. Bank of America reduced their target price on shares of Ingram Micro from $30.00 to $28.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their price target on Ingram Micro from $26.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group reduced their target price on Ingram Micro from $33.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Jefferies Financial Group reduced their price objective on shares of Ingram Micro from $28.00 to $24.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Finally, Loop Capital lowered their price target on Ingram Micro from $30.00 to $25.00 and set a "buy" rating for the company in a report on Monday, March 10th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Ingram Micro has a consensus rating of "Moderate Buy" and a consensus price target of $26.21.

Ingram Micro Stock Down 0.5 %

Shares of NYSE INGM opened at $18.45 on Tuesday. The company's fifty day moving average is $17.95. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.40 and a quick ratio of 0.96. Ingram Micro Holding Corp. has a 12 month low of $14.25 and a 12 month high of $25.69.

Ingram Micro (NYSE:INGM - Get Free Report) last announced its earnings results on Tuesday, March 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.01. The firm had revenue of $13.34 billion for the quarter, compared to analyst estimates of $13.21 billion. Equities research analysts forecast that Ingram Micro Holding Corp. will post 2.71 EPS for the current year.

Ingram Micro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a $0.074 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.30 dividend on an annualized basis and a yield of 1.60%.

Ingram Micro declared that its Board of Directors has approved a stock buyback program on Tuesday, March 4th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 1.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

About Ingram Micro

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.

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