Wellington Management Group LLP Sells 160,983 Shares of Ingram Micro Holding Corporation $INGM

Wellington Management Group LLP reduced its holdings in Ingram Micro Holding Corporation (NYSE:INGM) by 12.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,117,203 shares of the company’s stock after selling 160,983 shares during the quarter. Wellington Management Group LLP’s holdings in Ingram Micro were worth $30,645,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Balyasny Asset Management L.P. grew its holdings in shares of Ingram Micro by 1.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 48,618 shares of the company’s stock valued at $1,038,000 after acquiring an additional 658 shares in the last quarter. CWM LLC raised its holdings in Ingram Micro by 20.5% during the fourth quarter. CWM LLC now owns 4,144 shares of the company’s stock worth $88,000 after acquiring an additional 705 shares in the last quarter. Gotham Asset Management LLC boosted its position in Ingram Micro by 1.0% during the fourth quarter. Gotham Asset Management LLC now owns 77,662 shares of the company’s stock valued at $1,657,000 after purchasing an additional 732 shares during the last quarter. Covestor Ltd grew its stake in Ingram Micro by 15.4% in the fourth quarter. Covestor Ltd now owns 5,669 shares of the company’s stock valued at $121,000 after purchasing an additional 756 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Ingram Micro by 6.3% in the 2nd quarter. Rhumbline Advisers now owns 13,646 shares of the company’s stock valued at $284,000 after buying an additional 803 shares during the last quarter.

Ingram Micro Trading Up 0.9%

Shares of Ingram Micro stock opened at $28.82 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.31 and a quick ratio of 0.88. The business has a fifty day simple moving average of $28.34 and a two-hundred day simple moving average of $26.82. Ingram Micro Holding Corporation has a 1 year low of $19.03 and a 1 year high of $31.69. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 0.74 and a beta of 1.74.

Ingram Micro (NYSE:INGM) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. The firm had revenue of $14.53 billion for the quarter, compared to the consensus estimate of $13.85 billion. Ingram Micro had a net margin of 0.77% and a return on equity of 18.07%. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. Research analysts forecast that Ingram Micro Holding Corporation will post 3.37 EPS for the current year.

Ingram Micro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were issued a $0.086 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.34 annualized dividend and a yield of 1.2%. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s payout ratio is currently 18.58%.

Analyst Upgrades and Downgrades

INGM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 target price on the stock in a report on Wednesday, May 27th. Weiss Ratings downgraded shares of Ingram Micro from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Wall Street Zen lowered shares of Ingram Micro from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 16th. Morgan Stanley upped their target price on shares of Ingram Micro from $27.50 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, June 23rd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $33.00 price target on shares of Ingram Micro in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ingram Micro currently has a consensus rating of “Hold” and a consensus price target of $30.88.

Insider Activity

In other Ingram Micro news, VP Augusto Aragone sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were 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 directly owned 150,465 shares in the company, valued at $4,408,624.50. This trade represents a 24.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $29.03, for a total value of $150,000,013.07. Following the sale, the insider owned 177,466,319 shares of the company’s stock, valued at approximately $5,151,847,240.57. This represents a 2.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 5,227,069 shares of company stock worth $151,765,013. Insiders own 0.95% of the company’s stock.

About Ingram Micro

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.