Ingram Micro Inc. (IM) Shares Bought by Arizona State Retirement System
Arizona State Retirement System increased its position in shares of Ingram Micro Inc. (NYSE:IM) by 0.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 58,449 shares of the company’s stock after buying an additional 500 shares during the period. Arizona State Retirement System’s holdings in Ingram Micro were worth $2,084,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IM. Chicago Equity Partners LLC boosted its position in Ingram Micro by 0.3% in the second quarter. Chicago Equity Partners LLC now owns 42,370 shares of the company’s stock worth $1,474,000 after buying an additional 140 shares during the last quarter. Mackenzie Financial Corp boosted its position in Ingram Micro by 3.7% in the second quarter. Mackenzie Financial Corp now owns 7,309 shares of the company’s stock worth $254,000 after buying an additional 263 shares during the last quarter. ProShare Advisors LLC boosted its position in Ingram Micro by 1.5% in the second quarter. ProShare Advisors LLC now owns 18,566 shares of the company’s stock worth $646,000 after buying an additional 269 shares during the last quarter. Weaver C. Barksdale & Associates Inc. boosted its position in Ingram Micro by 5.0% in the third quarter. Weaver C. Barksdale & Associates Inc. now owns 5,793 shares of the company’s stock worth $207,000 after buying an additional 278 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. boosted its position in Ingram Micro by 1.0% in the third quarter. Eagle Boston Investment Management Inc. now owns 27,296 shares of the company’s stock worth $973,000 after buying an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.
Ingram Micro Inc. (NYSE:IM) traded up 0.24% during mid-day trading on Monday, reaching $38.23. 6,312,930 shares of the company’s stock traded hands. The company has a market cap of $5.72 billion, a P/E ratio of 21.10 and a beta of 0.76. Ingram Micro Inc. has a 12-month low of $26.44 and a 12-month high of $38.92. The stock has a 50 day moving average of $37.36 and a 200 day moving average of $35.40.
Ingram Micro (NYSE:IM) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The business earned $10.23 billion during the quarter, compared to analyst estimates of $10.31 billion. Ingram Micro had a net margin of 0.67% and a return on equity of 10.00%. Ingram Micro’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business earned $0.67 EPS. On average, equities research analysts predict that Ingram Micro Inc. will post $2.71 earnings per share for the current fiscal year.
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A number of analysts recently commented on IM shares. Zacks Investment Research upgraded shares of Ingram Micro from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research note on Monday, August 1st. Jefferies Group restated a “hold” rating on shares of Ingram Micro in a research note on Thursday, September 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $37.50.
About Ingram Micro
Ingram Micro Inc (Ingram Micro) is engaged in the distribution of information technology (IT) products, supply chain services and mobile device lifecycle services around the world. The Company distributes and markets technology products all over the world from the industry’s computer hardware suppliers, mobility hardware suppliers, software publishers, consumer electronics (CE), automatic identification and data capture (AIDC)/point-of-sale (POS), and physical security products.
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