Gamco Investors INC. ET AL Takes Position in Ingram Micro Holding Corporation $INGM

Gamco Investors INC. ET AL bought a new stake in Ingram Micro Holding Corporation (NYSE:INGM) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 20,289 shares of the company’s stock, valued at approximately $473,000.

A number of other hedge funds also recently bought and sold shares of INGM. Hussman Strategic Advisors Inc. bought a new position in Ingram Micro during the fourth quarter valued at $896,000. Comerica Bank increased its holdings in shares of Ingram Micro by 1,566.3% in the 4th quarter. Comerica Bank now owns 63,286 shares of the company’s stock worth $1,351,000 after buying an additional 59,488 shares during the last quarter. Watershed Asset Management L.L.C. purchased a new stake in shares of Ingram Micro during the 1st quarter valued at about $470,000. Lind Value II ApS raised its position in shares of Ingram Micro by 10.1% during the 4th quarter. Lind Value II ApS now owns 2,419,546 shares of the company’s stock valued at $51,633,000 after buying an additional 220,979 shares in the last quarter. Finally, Twin Capital Management Inc. bought a new position in shares of Ingram Micro in the 4th quarter valued at about $772,000.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on INGM. Evercore set a $26.00 price objective on Ingram Micro in a research note on Monday, April 20th. Zacks Research raised Ingram Micro from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Wall Street Zen cut Ingram Micro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Ingram Micro in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. upgraded Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 price target for the company in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.29.

Insiders Place Their Bets

In other news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $29.03, for a total value of $150,000,013.07. Following the transaction, the insider directly owned 177,466,319 shares in the company, valued at approximately $5,151,847,240.57. This represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Augusto Aragone sold 10,000 shares of Ingram Micro stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $30.00, for a total transaction of $300,000.00. Following the sale, the vice president owned 140,465 shares of the company’s stock, valued at $4,213,950. The trade was a 6.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 5,227,069 shares of company stock worth $151,765,013. Insiders own 0.95% of the company’s stock.

Ingram Micro Stock Performance

Ingram Micro stock opened at $30.08 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.31 and a quick ratio of 0.93. The firm has a market capitalization of $6.97 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 0.87 and a beta of 1.78. Ingram Micro Holding Corporation has a 1-year low of $18.09 and a 1-year high of $31.69. The company’s 50-day moving average is $28.47 and its 200 day moving average is $25.52.

Ingram Micro (NYSE:INGM) last announced its earnings results 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 return on equity of 17.19% and a net margin of 0.66%.The business had revenue of $13.96 billion during the quarter, compared to analyst estimates of $12.76 billion. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. Research analysts forecast that Ingram Micro Holding Corporation will post 3.29 EPS for the current year.

Ingram Micro 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.