River Road Asset Management LLC Has $124.88 Million Holdings in TD SYNNEX Co. (NYSE:SNX)

River Road Asset Management LLC reduced its holdings in TD SYNNEX Co. (NYSE:SNX - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,160,486 shares of the business services provider's stock after selling 92,219 shares during the quarter. TD SYNNEX comprises 1.7% of River Road Asset Management LLC's portfolio, making the stock its 12th biggest holding. River Road Asset Management LLC owned approximately 1.30% of TD SYNNEX worth $124,880,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SNX. American Century Companies Inc. grew its position in shares of TD SYNNEX by 31.5% in the first quarter. American Century Companies Inc. now owns 20,197 shares of the business services provider's stock valued at $2,085,000 after purchasing an additional 4,841 shares during the last quarter. US Bancorp DE grew its position in TD SYNNEX by 11.6% during the first quarter. US Bancorp DE now owns 7,213 shares of the business services provider's stock worth $745,000 after buying an additional 747 shares in the last quarter. PNC Financial Services Group Inc. grew its position in TD SYNNEX by 7.6% during the first quarter. PNC Financial Services Group Inc. now owns 9,614 shares of the business services provider's stock worth $992,000 after buying an additional 677 shares in the last quarter. Bank of Montreal Can grew its position in TD SYNNEX by 202.3% during the first quarter. Bank of Montreal Can now owns 53,183 shares of the business services provider's stock worth $5,569,000 after buying an additional 35,593 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in TD SYNNEX during the first quarter worth about $1,065,000. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Price Performance

Shares of NYSE:SNX traded up $1.94 during trading on Wednesday, reaching $114.96. The stock had a trading volume of 1,481,149 shares, compared to its average volume of 982,029. TD SYNNEX Co. has a 52 week low of $86.30 and a 52 week high of $119.87. The business's 50-day moving average price is $107.05 and its 200 day moving average price is $102.44. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.22 and a quick ratio of 0.75. The stock has a market capitalization of $10.24 billion, a PE ratio of 16.68, a P/E/G ratio of 1.05 and a beta of 1.64.

TD SYNNEX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, April 11th. TD SYNNEX's dividend payout ratio (DPR) is currently 23.22%.

Analyst Upgrades and Downgrades

SNX has been the topic of a number of recent research reports. UBS Group raised TD SYNNEX from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $115.00 to $145.00 in a research report on Tuesday. StockNews.com raised TD SYNNEX from a "hold" rating to a "buy" rating in a research report on Thursday, December 21st. Barclays lifted their target price on TD SYNNEX from $111.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 27th. Barrington Research raised their price target on shares of TD SYNNEX from $122.00 to $138.00 and gave the stock an "outperform" rating in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. raised their price target on shares of TD SYNNEX from $113.00 to $126.00 and gave the stock a "neutral" rating in a research note on Monday, April 1st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $121.82.

Insider Activity

In other news, insider Dennis Polk sold 20,000 shares of TD SYNNEX stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $118.10, for a total value of $2,362,000.00. Following the completion of the transaction, the insider now owns 134,706 shares in the company, valued at $15,908,778.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Dennis Polk sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $118.10, for a total value of $2,362,000.00. Following the completion of the sale, the insider now owns 134,706 shares of the company's stock, valued at $15,908,778.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard T. Hume sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $105.57, for a total transaction of $1,055,700.00. Following the completion of the sale, the chief executive officer now directly owns 229,363 shares of the company's stock, valued at approximately $24,213,851.91. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,355 shares of company stock worth $4,930,385. Insiders own 1.90% of the company's stock.

TD SYNNEX Company Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.