Loomis Sayles & Co. L P Boosts Stock Holdings in TD SYNNEX Co. (NYSE:SNX)

Loomis Sayles & Co. L P increased its position in shares of TD SYNNEX Co. (NYSE:SNX) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 320,448 shares of the business services provider’s stock after buying an additional 4,649 shares during the quarter. Loomis Sayles & Co. L P’s holdings in TD SYNNEX were worth $37,582,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC boosted its stake in shares of TD SYNNEX by 345.1% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider’s stock worth $27,000 after acquiring an additional 176 shares in the last quarter. UMB Bank n.a. boosted its position in TD SYNNEX by 48.4% during the fourth quarter. UMB Bank n.a. now owns 429 shares of the business services provider’s stock worth $50,000 after purchasing an additional 140 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in TD SYNNEX in the third quarter valued at approximately $55,000. Blue Trust Inc. increased its position in shares of TD SYNNEX by 37.7% in the fourth quarter. Blue Trust Inc. now owns 471 shares of the business services provider’s stock valued at $55,000 after buying an additional 129 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of TD SYNNEX by 31.9% during the 4th quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider’s stock worth $56,000 after buying an additional 116 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.

TD SYNNEX Stock Performance

Shares of TD SYNNEX stock opened at $107.85 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.24. The business’s 50 day moving average price is $136.32 and its 200 day moving average price is $125.58. The company has a market cap of $9.10 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 1.06 and a beta of 1.51. TD SYNNEX Co. has a one year low of $98.00 and a one year high of $145.10.

TD SYNNEX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, April 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.63%. TD SYNNEX’s payout ratio is 22.11%.

Analyst Ratings Changes

A number of research firms recently issued reports on SNX. StockNews.com cut shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Wednesday. Barrington Research boosted their target price on shares of TD SYNNEX from $138.00 to $156.00 and gave the stock an “outperform” rating in a research note on Thursday, March 20th. Cfra raised shares of TD SYNNEX from a “hold” rating to a “buy” rating and raised their price target for the company from $122.00 to $147.00 in a research note on Friday, January 10th. Royal Bank of Canada boosted their price objective on TD SYNNEX from $140.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Finally, Barclays raised their target price on TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $149.75.

Insider Activity at TD SYNNEX

In other news, Director Richard T. Hume sold 20,000 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $117.62, for a total transaction of $2,352,400.00. Following the completion of the transaction, the director now directly owns 111,080 shares in the company, valued at approximately $13,065,229.60. This represents a 15.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann F. Vezina sold 839 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $136.08, for a total value of $114,171.12. Following the sale, the director now directly owns 4,856 shares of the company’s stock, valued at $660,804.48. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,172 shares of company stock valued at $6,353,261. 1.00% of the stock is owned by company insiders.

TD SYNNEX Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.