Public Employees Retirement System of Ohio Has $133,000 Holdings in Ingram Micro Holding Corporation $INGM

Public Employees Retirement System of Ohio boosted its position in Ingram Micro Holding Corporation (NYSE:INGM) by 16.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,369 shares of the company’s stock after buying an additional 917 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Ingram Micro were worth $133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of INGM. California State Teachers Retirement System acquired a new stake in Ingram Micro in the 4th quarter worth $26,000. GAMMA Investing LLC grew its position in Ingram Micro by 5,873.5% in the 1st quarter. GAMMA Investing LLC now owns 4,062 shares of the company’s stock worth $720,000 after purchasing an additional 3,994 shares during the last quarter. Rhumbline Advisers grew its position in Ingram Micro by 46.0% in the 1st quarter. Rhumbline Advisers now owns 12,843 shares of the company’s stock worth $228,000 after purchasing an additional 4,044 shares during the last quarter. Pullen Investment Management LLC acquired a new stake in Ingram Micro in the 1st quarter worth $1,206,000. Finally, State of Alaska Department of Revenue acquired a new stake in Ingram Micro in the 1st quarter worth $851,000.

Wall Street Analyst Weigh In

Several analysts have issued reports on INGM shares. Wall Street Zen upgraded shares of Ingram Micro from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Zacks Research upgraded shares of Ingram Micro from a “strong sell” rating to a “hold” rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. raised their price target on shares of Ingram Micro from $21.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ingram Micro in a report on Saturday, September 27th. Finally, Raymond James Financial reduced their price objective on shares of Ingram Micro from $26.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, August 7th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.79.

Ingram Micro Price Performance

NYSE:INGM opened at $21.06 on Wednesday. The firm has a market cap of $4.95 billion and a PE ratio of 18.16. Ingram Micro Holding Corporation has a 12 month low of $14.25 and a 12 month high of $25.69. The company has a quick ratio of 0.93, a current ratio of 1.39 and a debt-to-equity ratio of 0.75. The company’s 50-day moving average price is $20.18 and its two-hundred day moving average price is $19.46.

Ingram Micro (NYSE:INGM) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $12.79 billion for the quarter, compared to analyst estimates of $11.99 billion. Ingram Micro had a net margin of 0.53% and a return on equity of 17.33%. On average, equities analysts anticipate that Ingram Micro Holding Corporation will post 2.71 EPS for the current fiscal year.

Ingram Micro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were paid a $0.078 dividend. This is a boost from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.31 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Ingram Micro’s payout ratio is presently 26.72%.

About Ingram Micro

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world’s leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.