Man Group plc Buys New Position in Ingram Micro Holding Corporation $INGM

Key Points

• Man Group initiated a position in Ingram Micro during the second quarter, buying 50,654 shares worth approximately $1.39 million. Several other institutions, including Lakewood Capital Management and HSBC, also established new stakes.
• Analyst sentiment remains cautious: three analysts rate the stock a Buy and seven rate it a Hold, producing an overall “Hold” consensus and an average price target of $30.88.
• Ingram Micro beat quarterly earnings and revenue expectations, reporting $0.82 in EPS and $14.53 billion in revenue. The company also raised its quarterly dividend to $0.086 per share, while insiders sold more than $151 million in stock over the past 90 days.

Man Group plc purchased a new position in shares of Ingram Micro Holding Corporation (NYSE:INGM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 50,654 shares of the company's stock, valued at approximately $1,389,000.

Other institutional investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC purchased a new stake in Ingram Micro in the second quarter valued at approximately $3,690,000. PDT Partners LLC purchased a new position in shares of Ingram Micro during the second quarter worth approximately $280,000. Canada Pension Plan Investment Board acquired a new position in shares of Ingram Micro in the 2nd quarter valued at $705,000. Lakewood Capital Management LP purchased a new stake in Ingram Micro in the 2nd quarter valued at $10,835,000. Finally, Legal & General Group Plc purchased a new stake in Ingram Micro in the 2nd quarter valued at $329,000.

Analysts Set New Price Targets

INGM has been the topic of several research reports. Truist Financial raised their price objective 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. JPMorgan Chase & Co. upgraded shares of Ingram Micro from an "underweight" rating to a "neutral" rating and set a $27.00 target price for the company in a research note on Wednesday, May 27th. Weiss Ratings lowered Ingram Micro from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, August 21st. Morgan Stanley boosted their price target on Ingram Micro from $27.50 to $33.00 and gave the company an "equal weight" rating in a research report on Tuesday, June 23rd. Finally, Zacks Research downgraded Ingram Micro from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 19th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Ingram Micro currently has an average rating of "Hold" and a consensus target price of $30.88.

Ingram Micro Stock Performance

Shares of INGM opened at $27.75 on Thursday. The stock has a market capitalization of $6.40 billion, a P/E ratio of 15.17, a P/E/G ratio of 0.67 and a beta of 1.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 1.31. Ingram Micro Holding Corporation has a 1 year low of $18.87 and a 1 year high of $31.69. The company's fifty day moving average is $28.30 and its two-hundred day moving average is $26.76.

Ingram Micro (NYSE:INGM - Get Free Report) last released its 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 company had revenue of $14.53 billion during the quarter, compared to analysts' expectations 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, sell-side analysts predict that Ingram Micro Holding Corporation will post 3.37 earnings per share for the current year.

Ingram Micro Increases Dividend

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

Insider Buying and Selling

In other news, VP Augusto Aragone sold 10,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $30.00, for a total transaction of $300,000.00. Following the completion of the transaction, the vice president directly owned 140,465 shares of the company's stock, valued at approximately $4,213,950. This represents a 6.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 that occurred on 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 completion of the sale, the insider directly owned 177,466,319 shares of the company's stock, valued at $5,151,847,240.57. This represents a 2.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 5,227,069 shares of company stock worth $151,765,013 in the last ninety days. 0.95% of the stock is owned by corporate insiders.

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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