UBS Asset Management Americas Inc. boosted its position in shares of Ingram Micro Inc. (NYSE:IM) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 211,875 shares of the company’s stock after buying an additional 44 shares during the period. UBS Asset Management Americas Inc. owned about 0.14% of Ingram Micro worth $7,368,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of IM. Norges Bank purchased a new stake in shares of Ingram Micro during the fourth quarter worth approximately $49,239,000. Glenmede Trust Co. NA raised its stake in shares of Ingram Micro by 1,196.2% in the first quarter. Glenmede Trust Co. NA now owns 16,890 shares of the company’s stock worth $606,000 after buying an additional 15,587 shares in the last quarter. Bowling Portfolio Management LLC raised its stake in shares of Ingram Micro by 2,557.3% in the first quarter. Bowling Portfolio Management LLC now owns 185,636 shares of the company’s stock worth $6,666,000 after buying an additional 178,650 shares in the last quarter. CQS Cayman LP purchased a new stake in shares of Ingram Micro during the first quarter worth approximately $503,000. Finally, Pacad Investment Ltd. raised its stake in shares of Ingram Micro by 94.5% in the first quarter. Pacad Investment Ltd. now owns 51,429 shares of the company’s stock worth $1,847,000 after buying an additional 24,994 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.
Shares of Ingram Micro Inc. (NYSE:IM) traded down 1.026% on Tuesday, hitting $34.255. The stock had a trading volume of 606,850 shares. The firm’s 50-day moving average is $34.77 and its 200-day moving average is $34.92. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 20.032 and a beta of 0.87. Ingram Micro Inc. has a one year low of $25.76 and a one year high of $36.66.
Ingram Micro (NYSE:IM) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.12. The firm had revenue of $10.10 billion for the quarter, compared to the consensus estimate of $9.67 billion. Ingram Micro had a return on equity of 10.03% and a net margin of 0.64%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. On average, analysts expect that Ingram Micro Inc. will post $2.62 EPS for the current fiscal year.
A number of research analysts have issued reports on IM shares. Zacks Investment Research raised Ingram Micro from a “sell” rating to a “hold” rating in a report on Monday, July 4th. Jefferies Group reissued a “hold” rating on shares of Ingram Micro in a report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ingram Micro has an average rating of “Hold” and an average price target of $35.75.
Ingram Micro Company Profile
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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