Gamco Investors INC. ET AL Purchases Shares of 20,289 Ingram Micro Holding Corporation $INGM

Gamco Investors INC. ET AL purchased a new stake in shares of Ingram Micro Holding Corporation (NYSE:INGM) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 20,289 shares of the company’s stock, valued at approximately $473,000.

Other institutional investors have also recently made changes to their positions in the company. Comerica Bank grew its position in Ingram Micro by 2,844.2% during the third quarter. Comerica Bank now owns 3,798 shares of the company’s stock valued at $82,000 after buying an additional 3,669 shares during the period. CWM LLC raised its position in Ingram Micro by 20.5% in the fourth quarter. CWM LLC now owns 4,144 shares of the company’s stock worth $88,000 after acquiring an additional 705 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Ingram Micro by 33.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,136 shares of the company’s stock worth $88,000 after acquiring an additional 1,031 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Ingram Micro during the 4th quarter worth $94,000. Finally, Aquatic Capital Management LLC bought a new stake in shares of Ingram Micro during the 3rd quarter valued at $110,000.

Analysts Set New Price Targets

A number of analysts have commented on the company. Truist Financial upped their price target on Ingram Micro from $25.00 to $29.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Morgan Stanley lifted their price objective 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. JPMorgan Chase & Co. raised shares of Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 target price for the company in a report on Wednesday, May 27th. Wall Street Zen cut shares of Ingram Micro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $34.00 price target on shares of Ingram Micro in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ingram Micro currently has a consensus rating of “Moderate Buy” and an average target price of $30.29.

Ingram Micro Stock Up 0.0%

Shares of INGM opened at $30.08 on Thursday. The business’s 50 day moving average is $28.47 and its 200 day moving average is $25.52. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. Ingram Micro Holding Corporation has a 12-month low of $18.09 and a 12-month high of $31.69. The company has a market capitalization of $6.97 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 0.87 and a beta of 1.78.

Ingram Micro (NYSE:INGM) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.05. Ingram Micro had a net margin of 0.66% and a return on equity of 17.19%. The firm had revenue of $13.96 billion for the quarter, compared to analysts’ expectations of $12.76 billion. The company’s revenue was up 13.7% on a year-over-year basis. Research analysts expect that Ingram Micro Holding Corporation will post 3.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Ingram Micro

In related news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $29.03, for a total transaction of $150,000,013.07. Following the completion of the transaction, the insider directly owned 177,466,319 shares of the company’s stock, valued at approximately $5,151,847,240.57. This trade represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Augusto Aragone sold 50,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $29.30, for a total transaction of $1,465,000.00. Following the completion of the sale, the vice president owned 150,465 shares in the company, valued at approximately $4,408,624.50. The trade was a 24.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,227,069 shares of company stock valued at $151,765,013 over the last ninety days. 0.95% of the stock is currently owned by corporate insiders.

Ingram Micro Company Profile

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.