LMR Partners LLP Invests $1.94 Million in Ingram Micro Holding Corp. (NYSE:INGM)

LMR Partners LLP purchased a new stake in Ingram Micro Holding Corp. (NYSE:INGM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 100,000 shares of the company's stock, valued at approximately $1,939,000.

Other hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new stake in shares of Ingram Micro in the 4th quarter worth $52,000. JPMorgan Chase & Co. acquired a new stake in Ingram Micro in the 4th quarter valued at about $37,793,000. Rhumbline Advisers acquired a new position in shares of Ingram Micro in the 4th quarter worth approximately $171,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Ingram Micro in the 4th quarter worth approximately $17,432,000. Finally, Barclays PLC acquired a new stake in Ingram Micro during the fourth quarter valued at approximately $1,092,000.

Ingram Micro Trading Up 0.4%

NYSE INGM traded up $0.08 on Monday, hitting $20.48. The company's stock had a trading volume of 86,232 shares, compared to its average volume of 429,369. The stock's 50-day simple moving average is $17.90. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.40. Ingram Micro Holding Corp. has a 1-year low of $14.25 and a 1-year high of $25.69.

Ingram Micro (NYSE:INGM - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.01. The firm had revenue of $13.34 billion during the quarter, compared to the consensus estimate of $13.21 billion. As a group, equities analysts forecast that Ingram Micro Holding Corp. will post 2.71 EPS for the current year.

Ingram Micro Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.076 per share. This is a boost from Ingram Micro's previous quarterly dividend of $0.07. The ex-dividend date is Tuesday, May 20th. This represents a $0.30 dividend on an annualized basis and a yield of 1.48%.

Ingram Micro announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 4th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to repurchase up to 1.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on INGM shares. The Goldman Sachs Group cut their price objective on Ingram Micro from $29.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Bank of America reduced their target price on Ingram Micro from $30.00 to $28.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Raymond James dropped their price target on Ingram Micro from $28.00 to $26.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 5th. Loop Capital reduced their price objective on shares of Ingram Micro from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of Ingram Micro from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Ingram Micro has a consensus rating of "Moderate Buy" and an average 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.