Lakewood Capital Management LP Invests $10.84 Million in Ingram Micro Holding Corporation $INGM

Key Points

• Lakewood Capital Management acquired 395,000 Ingram Micro shares worth approximately $10.84 million, giving it a roughly 0.17% stake. Other institutional investors also increased or initiated positions.
• Ingram Micro exceeded quarterly expectations, reporting $0.82 in EPS versus the $0.74 consensus and $14.53 billion in revenue versus $13.85 billion expected. The company guided to third-quarter EPS of $0.72–$0.82.
• The quarterly dividend rose to $0.086 per share, or approximately $0.34 annually and a 1.2% yield. However, insiders sold more than 5.2 million shares worth about $151.8 million, while analysts maintained a consensus “Hold” rating with a $31 price target.

Lakewood Capital Management LP acquired a new position in Ingram Micro Holding Corporation (NYSE:INGM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 395,000 shares of the company's stock, valued at approximately $10,835,000. Lakewood Capital Management LP owned approximately 0.17% of Ingram Micro as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Allworth Financial LP bought a new position in Ingram Micro in the 2nd quarter worth about $35,000. Royal Bank of Canada raised its holdings in shares of Ingram Micro by 252.2% in the 1st quarter. Royal Bank of Canada now owns 1,472 shares of the company's stock valued at $34,000 after acquiring an additional 1,054 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Ingram Micro during the 2nd quarter valued at about $44,000. Comerica Bank boosted its position in shares of Ingram Micro by 2,844.2% during the 3rd quarter. Comerica Bank now owns 3,798 shares of the company's stock valued at $82,000 after acquiring an additional 3,669 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Ingram Micro by 33.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,136 shares of the company's stock worth $88,000 after purchasing an additional 1,031 shares in the last quarter.

Ingram Micro Stock Up 1.1%

Shares of INGM opened at $27.80 on Tuesday. The firm has a market cap of $6.41 billion, a P/E ratio of 15.19, a P/E/G ratio of 0.67 and a beta of 1.75. The stock has a 50 day simple moving average of $28.27 and a two-hundred day simple moving average of $26.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.31 and a quick ratio of 0.88. Ingram Micro Holding Corporation has a 1 year low of $18.77 and a 1 year high of $31.69.

Ingram Micro (NYSE:INGM - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. The firm had revenue of $14.53 billion for the quarter, compared to the consensus estimate of $13.85 billion. Ingram Micro had a net margin of 0.77% and a return on equity of 18.07%. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, analysts forecast that Ingram Micro Holding Corporation will post 3.37 earnings per share for the current fiscal year.

Ingram Micro Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th will be given a $0.086 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, August 11th. This is a boost from Ingram Micro's previous quarterly dividend of $0.08. Ingram Micro's dividend payout ratio is 18.58%.

Insiders Place Their Bets

In other news, VP Augusto Aragone sold 50,000 shares of the firm's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $29.30, for a total transaction of $1,465,000.00. Following the transaction, the vice president directly owned 150,465 shares of the company's stock, valued at approximately $4,408,624.50. This trade represents a 24.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the firm's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $29.03, for a total value of $150,000,013.07. Following the transaction, the insider directly owned 177,466,319 shares in the company, valued at $5,151,847,240.57. This trade represents a 2.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 5,227,069 shares of company stock worth $151,765,013. 0.95% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on INGM shares. Wall Street Zen cut shares of Ingram Micro from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 16th. Raymond James Financial reissued an "outperform" rating and issued a $34.00 price target on shares of Ingram Micro in a research note on Friday, May 1st. Morgan Stanley raised their price objective on shares of Ingram Micro from $27.50 to $33.00 and gave the company an "equal weight" rating in a research report on Tuesday, June 23rd. Weiss Ratings downgraded shares of Ingram Micro from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday. Finally, Truist Financial upped their target price on shares of Ingram Micro from $29.00 to $31.00 and gave the stock a "hold" rating in a research report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ingram Micro presently has a consensus rating of "Hold" and a consensus price target of $31.00.

About Ingram Micro

Ingram Micro, headquartered in Irvine, California, is a global technology distributor and supply chain services provider. Listed on the New York Stock Exchange under the ticker INGM, the company connects leading technology manufacturers, cloud providers and channel partners through an integrated portfolio of products and services. Ingram Micro's end-to-end solutions span product distribution, cloud enablement, e-commerce, logistics and lifecycle management, enabling customers of all sizes to bring new technology to market efficiently.

The company's offerings are organized across several core areas.

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