Quantbot Technologies LP Takes Position in Ingram Micro Holding Corporation $INGM

Key Points

• Quantbot Technologies LP has invested approximately $443,000 in Ingram Micro Holding Corporation, acquiring 24,972 shares during the first quarter.
• Analysts have mixed opinions on Ingram Micro, with ten rating it as a "Buy" and eight as a "Hold," while the company has a consensus price target of $25.79.
• Ingram Micro recently announced a quarterly dividend increase to $0.078 per share, with a current annualized yield of 1.6%.

Quantbot Technologies LP bought a new position in shares of Ingram Micro Holding Corporation (NYSE:INGM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 24,972 shares of the company's stock, valued at approximately $443,000.

Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in Ingram Micro by 32.2% during the 1st quarter. Victory Capital Management Inc. now owns 3,649,880 shares of the company's stock worth $64,749,000 after buying an additional 889,075 shares during the last quarter. Wellington Management Group LLP raised its position 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. American Century Companies Inc. raised its position in Ingram Micro by 23.3% during the 1st 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 during the last quarter. Ameriprise Financial Inc. purchased a new position in Ingram Micro during the 4th quarter worth approximately $30,683,000. Finally, Allspring Global Investments Holdings LLC raised its position in Ingram Micro by 10.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 975,379 shares of the company's stock worth $17,342,000 after buying an additional 94,979 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wall Street Zen lowered shares of Ingram Micro from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Morgan Stanley lowered Ingram Micro from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $23.00 to $22.00 in a research report on Wednesday, June 11th. The Goldman Sachs Group lowered their price objective on Ingram Micro from $29.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. JPMorgan Chase & Co. upped their price objective on Ingram Micro from $21.00 to $24.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Finally, Raymond James Financial lowered their price objective on Ingram Micro from $26.00 to $24.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $25.79.

Ingram Micro Price Performance

Shares of Ingram Micro stock traded down $0.10 on Monday, reaching $19.57. The company's stock had a trading volume of 153,344 shares, compared to its average volume of 337,503. The company has a market capitalization of $4.60 billion and a P/E ratio of 16.87. Ingram Micro Holding Corporation has a 52-week low of $14.25 and a 52-week high of $25.69. The stock has a 50-day moving average price of $20.19 and a 200-day moving average price of $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.

Ingram Micro (NYSE:INGM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. The business had revenue of $12.79 billion during the quarter, compared to analysts' expectations of $11.99 billion. Ingram Micro had a return on equity of 17.33% and a net margin of 0.53%. Analysts expect that Ingram Micro Holding Corporation will post 2.71 EPS for the current year.

Ingram Micro Increases Dividend

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

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.