Retirement Systems of Alabama raised its position in Ingram Micro Inc. (NYSE:IM) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 191,380 shares of the company’s stock after buying an additional 73 shares during the period. Retirement Systems of Alabama’s holdings in Ingram Micro were worth $6,656,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Glenmede Trust Co. NA increased its position 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. TIAA CREF Investment Management LLC increased its position in shares of Ingram Micro by 5.6% in the first quarter. TIAA CREF Investment Management LLC now owns 1,526,923 shares of the company’s stock worth $54,832,000 after buying an additional 80,857 shares in the last quarter. Teachers Advisors Inc. increased its position in Ingram Micro by 7.6% in the first quarter. Teachers Advisors Inc. now owns 485,355 shares of the company’s stock valued at $17,429,000 after buying an additional 34,369 shares during the period. JPMorgan Chase & Co. increased its position in Ingram Micro by 154.1% in the first quarter. JPMorgan Chase & Co. now owns 1,536,832 shares of the company’s stock valued at $55,186,000 after buying an additional 932,039 shares during the period. Finally, Landscape Capital Management L.L.C. increased its position in Ingram Micro by 94.5% in the first quarter. Landscape Capital Management L.L.C. now owns 31,900 shares of the company’s stock valued at $1,146,000 after buying an additional 15,500 shares during the period. Institutional investors own 83.72% of the company’s stock.
Shares of Ingram Micro Inc. (NYSE:IM) traded up 0.06% during trading on Monday, reaching $36.23. The company had a trading volume of 430,934 shares. Ingram Micro Inc. has a 12 month low of $26.44 and a 12 month high of $36.66. The firm has a market capitalization of $5.42 billion, a P/E ratio of 21.19 and a beta of 0.82. The firm’s 50 day moving average price is $35.02 and its 200 day moving average price is $34.89.
Ingram Micro (NYSE:IM) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.12. The firm had revenue of $10.10 billion for the quarter, compared to analysts’ expectations of $9.67 billion. Ingram Micro had a return on equity of 10.03% and a net margin of 0.64%. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. Equities analysts predict that Ingram Micro Inc. will post $2.62 EPS for the current year.
Several equities analysts have recently weighed in on IM shares. Zacks Investment Research upgraded Ingram Micro from a “sell” rating to a “hold” rating in a research report on Monday, July 4th. Jefferies Group restated a “hold” rating on shares of Ingram Micro in a research report on Thursday, September 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Ingram Micro currently has a consensus rating of “Hold” and an average target price 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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