Loomis Sayles & Co. L P Purchases 4,649 Shares of TD SYNNEX Co. (NYSE:SNX)

Loomis Sayles & Co. L P grew its position in TD SYNNEX Co. (NYSE:SNX) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 320,448 shares of the business services provider’s stock after buying an additional 4,649 shares during the quarter. Loomis Sayles & Co. L P owned 0.38% of TD SYNNEX worth $37,582,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC raised its holdings in shares of TD SYNNEX by 345.1% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 176 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of TD SYNNEX by 48.4% in the 4th quarter. UMB Bank n.a. now owns 429 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 140 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of TD SYNNEX in the 3rd quarter worth approximately $55,000. Blue Trust Inc. increased its holdings in TD SYNNEX by 37.7% during the fourth quarter. Blue Trust Inc. now owns 471 shares of the business services provider’s stock valued at $55,000 after buying an additional 129 shares during the period. Finally, Global Retirement Partners LLC raised its stake in TD SYNNEX by 31.9% in the fourth quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider’s stock worth $56,000 after buying an additional 116 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

Wall Street Analysts Forecast Growth

SNX has been the topic of several recent research reports. Cfra raised TD SYNNEX from a “hold” rating to a “buy” rating and increased their target price for the company from $122.00 to $147.00 in a research report on Friday, January 10th. Barclays lifted their target price on TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Barrington Research increased their price target on shares of TD SYNNEX from $138.00 to $156.00 and gave the company an “outperform” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. lifted their price objective on shares of TD SYNNEX from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Finally, Royal Bank of Canada increased their target price on shares of TD SYNNEX from $140.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, TD SYNNEX currently has an average rating of “Moderate Buy” and an average price target of $149.75.

TD SYNNEX Trading Down 14.0 %

Shares of TD SYNNEX stock opened at $107.85 on Friday. TD SYNNEX Co. has a 12-month low of $98.00 and a 12-month high of $145.10. The firm’s 50 day simple moving average is $136.32 and its two-hundred day simple moving average is $125.58. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $9.10 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 1.06 and a beta of 1.51.

TD SYNNEX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.44 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.76 dividend on an annualized basis and a yield of 1.63%. TD SYNNEX’s dividend payout ratio (DPR) is 22.11%.

Insiders Place Their Bets

In other TD SYNNEX news, Director Ann F. Vezina sold 839 shares of TD SYNNEX stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $136.08, for a total transaction of $114,171.12. Following the completion of the sale, the director now directly owns 4,856 shares in the company, valued at approximately $660,804.48. The trade was a 14.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Patrick Zammit sold 6,823 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $143.00, for a total transaction of $975,689.00. Following the completion of the sale, the chief executive officer now owns 165,604 shares in the company, valued at $23,681,372. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,172 shares of company stock valued at $6,353,261. 1.00% of the stock is owned by company insiders.

TD SYNNEX 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.