Khrom Capital Management LLC Has $15.44 Million Position in Ingram Micro Holding Corporation $INGM

Key Points

• Khrom Capital Management LLC has reduced its stake in Ingram Micro by 10.1%, now holding approximately 870,373 shares which accounts for 2.1% of its investment portfolio.
• Victory Capital Management and Wellington Management significantly increased their stakes in Ingram Micro during the same period, with increases of 32.2% and 124.9% respectively.
• Ingram Micro has declared a quarterly dividend of $0.078 per share, slightly decreased from the previous quarterly dividend, reflecting a 1.6% yield.

Khrom Capital Management LLC lessened its holdings in Ingram Micro Holding Corporation (NYSE:INGM - Free Report) by 10.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 870,373 shares of the company's stock after selling 97,831 shares during the period. Ingram Micro comprises 2.1% of Khrom Capital Management LLC's holdings, making the stock its 13th biggest position. Khrom Capital Management LLC owned 0.37% of Ingram Micro worth $15,440,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in Ingram Micro by 124.9% during the 1st quarter. Wellington Management Group LLP now owns 3,128,110 shares of the company's stock worth $55,493,000 after buying an additional 1,737,236 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Ingram Micro during the fourth quarter worth $30,683,000. Victory Capital Management Inc. raised its stake in shares of Ingram Micro by 32.2% in the first quarter. Victory Capital Management Inc. now owns 3,649,880 shares of the company's stock valued at $64,749,000 after acquiring an additional 889,075 shares in the last quarter. Invenomic Capital Management LP purchased a new position in shares of Ingram Micro during the fourth quarter worth about $12,284,000. Finally, American Century Companies Inc. boosted its holdings in Ingram Micro by 23.3% in the 1st quarter. American Century Companies Inc. now owns 2,307,133 shares of the company's stock valued at $40,929,000 after purchasing an additional 436,701 shares in the last quarter.

Ingram Micro Trading Up 1.2%

INGM stock traded up $0.24 during midday trading on Wednesday, reaching $19.28. The company's stock had a trading volume of 184,554 shares, compared to its average volume of 311,411. The business's 50-day simple moving average is $20.17 and its 200-day simple moving average is $19.45. The company has a quick ratio of 0.93, a current ratio of 1.39 and a debt-to-equity ratio of 0.75. The stock has a market cap of $4.53 billion and a PE ratio of 6.87. Ingram Micro Holding Corporation has a 52 week low of $14.25 and a 52 week high of $25.69.

Ingram Micro (NYSE:INGM - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. Ingram Micro had a net margin of 0.53% and a return on equity of 17.33%. The company had revenue of $12.79 billion for the quarter, compared to analyst estimates of $11.99 billion. As a group, sell-side analysts expect that Ingram Micro Holding Corporation will post 2.71 EPS for the current year.

Ingram Micro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were given a $0.078 dividend. This is a boost from Ingram Micro's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 1.6%. Ingram Micro's payout ratio is 26.72%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. The Goldman Sachs Group lowered their price target on Ingram Micro from $29.00 to $25.00 and set a "buy" rating for the company in a report on Friday, May 9th. Zacks Research upgraded shares of Ingram Micro from a "strong sell" rating to a "hold" rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. raised their price objective on shares of Ingram Micro from $21.00 to $24.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Wall Street Zen lowered shares of Ingram Micro from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Raymond James Financial reduced their price objective on shares of Ingram Micro from $26.00 to $24.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.