Lakewood Capital Management LP Invests $10.84 Million in Ingram Micro Holding Corporation $INGM

Lakewood Capital Management LP bought a new position in Ingram Micro Holding Corporation (NYSE:INGM) during the 2nd quarter, HoldingsChannel reports. The fund bought 395,000 shares of the company’s stock, valued at approximately $10,835,000.

Several other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in Ingram Micro by 11.8% in the 2nd quarter. Geode Capital Management LLC now owns 103,184 shares of the company’s stock worth $2,150,000 after acquiring an additional 10,878 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Ingram Micro by 6.3% during the second quarter. Rhumbline Advisers now owns 13,646 shares of the company’s stock valued at $284,000 after acquiring an additional 803 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Ingram Micro during the second quarter worth about $755,000. Invesco Ltd. grew its stake in shares of Ingram Micro by 29.0% in the second quarter. Invesco Ltd. now owns 60,522 shares of the company’s stock worth $1,261,000 after purchasing an additional 13,605 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Ingram Micro in the second quarter worth about $1,852,000.

Insider Buying and Selling

In other Ingram Micro news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the stock in a transaction on Monday, June 15th. The stock was 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 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 Securities & Exchange Commission, which can be accessed through this link. Also, VP Augusto Aragone sold 50,000 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $29.30, for a total value of $1,465,000.00. Following the transaction, the vice president directly owned 150,465 shares of the company’s stock, valued at $4,408,624.50. This represents a 24.94% 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 90 days, insiders sold 5,227,069 shares of company stock valued at $151,765,013. 0.95% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on INGM. JPMorgan Chase & Co. raised 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. The Goldman Sachs Group reiterated a “neutral” rating and issued a $33.00 price objective on shares of Ingram Micro in a research report on Friday, July 31st. Wall Street Zen cut Ingram Micro from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 16th. Truist Financial upped their target price on Ingram Micro from $29.00 to $31.00 and gave the company a “hold” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings lowered Ingram Micro from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.00.

Ingram Micro Price Performance

Shares of NYSE INGM opened at $27.80 on Tuesday. Ingram Micro Holding Corporation has a 1 year low of $18.77 and a 1 year high of $31.69. The stock has a market capitalization of $6.41 billion, a P/E ratio of 15.19, a P/E/G ratio of 0.67 and a beta of 1.75. The company’s 50-day moving average is $28.27 and its 200 day moving average is $26.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.31 and a quick ratio of 0.88.

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

Ingram Micro Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th will be given a $0.086 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.34 annualized dividend and a dividend yield of 1.2%. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s dividend payout ratio is currently 18.58%.

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.