Havens Advisors LLC acquired a new stake in Ingram Micro Inc. (NYSE:IM) during the third quarter, Holdings Channel reports. The fund acquired 45,000 shares of the company’s stock, valued at approximately $1,605,000. Ingram Micro makes up about 1.3% of Havens Advisors LLC’s portfolio, making the stock its 24th largest position.
Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Ingram Micro by 3.4% in the second quarter. Vanguard Group Inc. now owns 11,162,407 shares of the company’s stock valued at $388,229,000 after buying an additional 371,047 shares in the last quarter. Donald Smith & CO. Inc. raised its position in shares of Ingram Micro by 1.9% in the second quarter. Donald Smith & CO. Inc. now owns 5,723,215 shares of the company’s stock valued at $199,053,000 after buying an additional 108,429 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Ingram Micro by 4.2% in the second quarter. BlackRock Fund Advisors now owns 5,283,289 shares of the company’s stock valued at $183,753,000 after buying an additional 213,416 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Ingram Micro by 1.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,524,101 shares of the company’s stock valued at $157,348,000 after buying an additional 70,724 shares in the last quarter. Finally, State Street Corp raised its position in shares of Ingram Micro by 2.9% in the second quarter. State Street Corp now owns 4,194,655 shares of the company’s stock valued at $145,885,000 after buying an additional 117,031 shares in the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.
Ingram Micro Inc. (NYSE:IM) traded up 0.24% during midday trading on Monday, hitting $38.23. The stock had a trading volume of 6,312,930 shares. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 21.10 and a beta of 0.76. The company’s 50 day moving average is $37.36 and its 200 day moving average is $35.40. Ingram Micro Inc. has a 1-year low of $26.44 and a 1-year high of $38.92.
Ingram Micro (NYSE:IM) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.07. The company earned $10.23 billion during the quarter, compared to analysts’ expectations of $10.31 billion. Ingram Micro had a return on equity of 10.00% and a net margin of 0.67%. Ingram Micro’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. On average, equities analysts anticipate that Ingram Micro Inc. will post $2.71 earnings per share for the current fiscal year.
IM has been the topic of several research reports. Zacks Investment Research upgraded 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $37.50.
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.