Man Group plc Takes $1.39 Million Position in Ingram Micro Holding Corporation $INGM

Man Group plc acquired a new stake in Ingram Micro Holding Corporation (NYSE:INGM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 50,654 shares of the company’s stock, valued at approximately $1,389,000.

A number of other institutional investors have also recently added to or reduced their stakes in INGM. Hsbc Holdings PLC acquired a new position in Ingram Micro during the second quarter worth about $3,690,000. PDT Partners LLC purchased a new position in Ingram Micro in the second quarter valued at about $280,000. Canada Pension Plan Investment Board acquired a new stake in shares of Ingram Micro during the 2nd quarter valued at approximately $705,000. Lakewood Capital Management LP acquired a new stake in shares of Ingram Micro during the 2nd quarter valued at approximately $10,835,000. Finally, Legal & General Group Plc purchased a new stake in shares of Ingram Micro during the 2nd quarter worth approximately $329,000.

Ingram Micro Stock Performance

Ingram Micro stock opened at $27.75 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 1.31. The stock has a fifty day moving average of $28.30 and a two-hundred day moving average of $26.76. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 0.67 and a beta of 1.74. Ingram Micro Holding Corporation has a fifty-two week low of $18.87 and a fifty-two week high of $31.69.

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

Ingram Micro Increases Dividend

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

Wall Street Analysts Forecast Growth

INGM has been the topic of a number of research reports. Weiss Ratings cut Ingram Micro from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Morgan Stanley boosted their target price on Ingram Micro from $27.50 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft started coverage on Ingram Micro in a report on Monday. They issued a “hold” rating and a $30.00 target price on the stock. 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. Finally, Truist Financial lifted their price target on Ingram Micro from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, August 4th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $30.88.

Insider Transactions at Ingram Micro

In other news, 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 shares were sold at an average price of $29.03, for a total value of $150,000,013.07. Following the completion of the transaction, the insider owned 177,466,319 shares of the company’s stock, valued at $5,151,847,240.57. The trade was a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Augusto Aragone sold 50,000 shares of the company’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 transaction, the vice president directly owned 150,465 shares in the company, valued at $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. Over the last 90 days, insiders sold 5,227,069 shares of company stock worth $151,765,013. 0.95% of the stock is owned by 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.