Boston Partners Has $16.49 Million Position in TD SYNNEX Co. (NYSE:SNX)

Boston Partners lessened its holdings in TD SYNNEX Co. (NYSE:SNX - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 140,391 shares of the business services provider's stock after selling 2,837 shares during the quarter. Boston Partners owned 0.17% of TD SYNNEX worth $16,487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SNX. FMR LLC boosted its stake in TD SYNNEX by 18.4% in the third quarter. FMR LLC now owns 7,425,592 shares of the business services provider's stock valued at $891,665,000 after buying an additional 1,154,651 shares in the last quarter. Ninety One UK Ltd boosted its stake in shares of TD SYNNEX by 75.4% in the 4th quarter. Ninety One UK Ltd now owns 2,364,563 shares of the business services provider's stock valued at $277,316,000 after purchasing an additional 1,016,251 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of TD SYNNEX by 37.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,012,219 shares of the business services provider's stock valued at $361,707,000 after purchasing an additional 813,634 shares during the last quarter. Raymond James Financial Inc. acquired a new position in TD SYNNEX during the 4th quarter worth approximately $47,094,000. Finally, Thrivent Financial for Lutherans lifted its stake in TD SYNNEX by 92.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 715,603 shares of the business services provider's stock valued at $83,926,000 after purchasing an additional 343,856 shares during the last quarter. Institutional investors own 84.00% of the company's stock.

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Insider Activity

In related news, CEO Patrick Zammit sold 6,823 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $143.00, for a total transaction of $975,689.00. Following the transaction, the chief executive officer now owns 165,604 shares in the company, valued at $23,681,372. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard T. Hume sold 20,000 shares of the firm's 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 sale, the director now owns 111,080 shares of the company's stock, valued at $13,065,229.60. The trade was a 15.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,172 shares of company stock valued at $6,353,261 in the last ninety days. 1.00% of the stock is owned by company insiders.

TD SYNNEX Trading Down 2.8 %

Shares of NYSE SNX traded down $3.58 during midday trading on Tuesday, reaching $126.58. The stock had a trading volume of 1,002,709 shares, compared to its average volume of 730,160. The company's 50 day moving average price is $137.31 and its 200 day moving average price is $125.59. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.24. TD SYNNEX Co. has a twelve month low of $104.93 and a twelve month high of $145.10. The firm has a market cap of $10.68 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51.

TD SYNNEX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were given a $0.44 dividend. The ex-dividend date of this dividend was Friday, January 24th. This is a positive change from TD SYNNEX's previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 1.39%. TD SYNNEX's dividend payout ratio (DPR) is 22.11%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SNX. StockNews.com upgraded shares of TD SYNNEX from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. Cfra upgraded TD SYNNEX from a "hold" rating to a "buy" rating and increased their target price for the company from $122.00 to $147.00 in a research report on Friday, January 10th. JPMorgan Chase & Co. boosted their price target on TD SYNNEX from $135.00 to $150.00 and gave the stock a "neutral" rating in a report on Monday, January 13th. Barclays raised their price objective on shares of TD SYNNEX from $132.00 to $148.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Finally, 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 report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $149.75.

About TD SYNNEX

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.