Brandywine Global Investment Management LLC Has $12.30 Million Stake in TD SYNNEX Co. (NYSE:SNX)

Brandywine Global Investment Management LLC raised its stake in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 83.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 104,845 shares of the business services provider's stock after purchasing an additional 47,712 shares during the quarter. Brandywine Global Investment Management LLC owned 0.12% of TD SYNNEX worth $12,296,000 as of its most recent filing with the SEC.

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

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Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their price objective on shares of TD SYNNEX from $154.00 to $137.00 and set a "buy" rating for the company in a research note on Friday, March 28th. UBS Group cut their price target on shares of TD SYNNEX from $150.00 to $138.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Royal Bank of Canada upped their price objective on TD SYNNEX from $140.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. Barrington Research restated an "outperform" rating and set a $156.00 target price on shares of TD SYNNEX in a research report on Friday, March 28th. Finally, StockNews.com cut TD SYNNEX from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.00.

TD SYNNEX Price Performance

SNX traded down $3.73 during trading on Friday, hitting $95.75. The company's stock had a trading volume of 2,372,884 shares, compared to its average volume of 734,038. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51. The firm's 50 day moving average price is $131.78 and its two-hundred day moving average price is $125.26. TD SYNNEX Co. has a 12 month low of $94.46 and a 12 month high of $145.10.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The business services provider reported $2.80 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.07). TD SYNNEX had a net margin of 1.18% and a return on equity of 11.91%. The company had revenue of $14.53 billion during the quarter, compared to analyst estimates of $14.79 billion. During the same quarter in the previous year, the business posted $2.99 EPS. The company's revenue was up 4.0% compared to the same quarter last year. Sell-side analysts forecast that TD SYNNEX Co. will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The firm 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. This represents a $1.76 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Friday, April 11th. TD SYNNEX's dividend payout ratio is 21.97%.

Insider Buying and Selling

In related news, CEO Patrick Zammit sold 6,823 shares of TD SYNNEX stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $143.00, for a total transaction of $975,689.00. Following the completion of the sale, the chief executive officer now directly owns 165,604 shares of the company's stock, valued at $23,681,372. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard T. Hume sold 20,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $135.88, for a total value of $2,717,600.00. Following the completion of the transaction, the director now directly owns 65,480 shares in the company, valued at $8,897,422.40. The trade was a 23.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,172 shares of company stock valued at $4,000,861 over the last ninety days. Insiders own 1.00% of the company's stock.

TD SYNNEX Company 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.