Kodai Capital Management LP Reduces Stock Holdings in Ingram Micro Holding Corporation $INGM

Key Points

• Kodai Capital Management LP reduced its stock holdings in Ingram Micro by 92.8%, now owning 16,950 shares worth $301,000 after selling 218,413 shares in the 1st quarter.
• Several hedge funds have recently acquired new positions in Ingram Micro, with Barclays PLC investing approximately $1,092,000 in the 4th quarter, and Bank of New York Mellon increasing its stake by 108.4%.
• Ingram Micro announced an increase in its quarterly dividend to $0.078 per share, translating to a 1.6% yield and a payout ratio of 26.72% as of the recent announcement.

Kodai Capital Management LP trimmed its position in Ingram Micro Holding Corporation (NYSE:INGM - Free Report) by 92.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,950 shares of the company's stock after selling 218,413 shares during the quarter. Kodai Capital Management LP's holdings in Ingram Micro were worth $301,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of Ingram Micro in the first quarter worth about $443,000. Wellington Management Group LLP lifted its holdings in shares of Ingram Micro by 124.9% in the first 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 in the last quarter. American Century Companies Inc. lifted its holdings in shares of Ingram Micro by 23.3% in the first quarter. American Century Companies Inc. now owns 2,307,133 shares of the company's stock worth $40,929,000 after buying an additional 436,701 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Ingram Micro in the first quarter worth about $241,000. Finally, Invesco Ltd. lifted its holdings in shares of Ingram Micro by 36.5% in the first quarter. Invesco Ltd. now owns 46,917 shares of the company's stock worth $832,000 after buying an additional 12,542 shares in the last quarter.

Ingram Micro Trading Up 0.6%

Shares of Ingram Micro stock traded up $0.11 on Thursday, hitting $19.41. The stock had a trading volume of 34,596 shares, compared to its average volume of 372,759. The company has a quick ratio of 0.93, a current ratio of 1.39 and a debt-to-equity ratio of 0.75. Ingram Micro Holding Corporation has a one year low of $14.25 and a one year high of $25.69. The stock has a market cap of $4.56 billion and a price-to-earnings ratio of 16.73. The stock's 50-day simple moving average is $20.15 and its two-hundred day simple moving average is $19.45.

Ingram Micro (NYSE:INGM - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.61 earnings per share (EPS) 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 firm had revenue of $12.79 billion for the quarter, compared to analysts' expectations of $11.99 billion. As a group, sell-side analysts predict that Ingram Micro Holding Corporation will post 2.71 EPS for the current year.

Ingram Micro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were issued a $0.078 dividend. This is a positive change from Ingram Micro's previous quarterly dividend of $0.08. This represents a $0.31 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, August 19th. Ingram Micro's dividend payout ratio (DPR) is 26.72%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on INGM shares. Wall Street Zen cut shares of Ingram Micro from a "buy" rating to a "hold" rating in a research report on Saturday, August 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. upped their price objective on shares of Ingram Micro from $21.00 to $24.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. The Goldman Sachs Group decreased their price objective on shares of Ingram Micro from $29.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Morgan Stanley cut shares of Ingram Micro from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $23.00 to $22.00 in a research report on Wednesday, June 11th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Ingram Micro presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.79.

Ingram Micro 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.