47,375 Shares in Ingram Micro Holding Corporation $INGM Acquired by Bank of Nova Scotia

Bank of Nova Scotia bought a new position in shares of Ingram Micro Holding Corporation (NYSE:INGM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 47,375 shares of the company’s stock, valued at approximately $1,299,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in INGM. Royal Bank of Canada lifted its holdings in shares of Ingram Micro by 252.2% during the first quarter. Royal Bank of Canada now owns 1,472 shares of the company’s stock worth $34,000 after purchasing an additional 1,054 shares during the period. Allworth Financial LP acquired a new stake in Ingram Micro in the second quarter valued at $35,000. Meeder Asset Management Inc. bought a new position in Ingram Micro during the 2nd quarter worth $44,000. Comerica Bank lifted its holdings in Ingram Micro by 2,844.2% during the 3rd quarter. Comerica Bank now owns 3,798 shares of the company’s stock worth $82,000 after buying an additional 3,669 shares during the period. Finally, CWM LLC lifted its holdings in Ingram Micro by 20.5% during the 4th quarter. CWM LLC now owns 4,144 shares of the company’s stock worth $88,000 after buying an additional 705 shares during the period.

Insiders Place Their Bets

In other Ingram Micro news, 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 approximately $4,408,624.50. This trade represents a 24.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $29.03, for a total transaction of $150,000,013.07. Following the sale, the insider directly owned 177,466,319 shares of the company’s stock, valued at approximately $5,151,847,240.57. The trade was a 2.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 5,227,069 shares of company stock worth $151,765,013. 0.95% of the stock is owned by company insiders.

Ingram Micro Price Performance

INGM stock opened at $29.07 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.31 and a quick ratio of 0.88. The company’s 50-day moving average is $28.28 and its 200-day moving average is $26.52. The stock has a market capitalization of $6.71 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 0.71 and a beta of 1.75. Ingram Micro Holding Corporation has a 1 year low of $18.77 and a 1 year high of $31.69.

Ingram Micro (NYSE:INGM) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates 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. Equities research analysts expect 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. Stockholders of record on Tuesday, August 11th were given a dividend of $0.086 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.2%. Ingram Micro’s payout ratio is currently 18.58%.

Analyst Upgrades and Downgrades

INGM has been the subject of several recent research reports. Wall Street Zen cut Ingram Micro from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 16th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $33.00 price objective on shares of Ingram Micro in a research note on Friday, July 31st. Raymond James Financial reiterated an “outperform” rating and issued a $34.00 target price on shares of Ingram Micro in a report on Friday, May 1st. Truist Financial increased their target price on shares of Ingram Micro from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings lowered shares of Ingram Micro from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $31.00.

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.