Xponance Inc. decreased its position in shares of Arrow Electronics, Inc. (NYSE: ARW – Get Rating) by 3.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor held 7,650 shares of the technology company after selling 268 shares during the period. Xponance Inc.’s holdings in Arrow Electronics were worth $908,000 when it last filed with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ARW. Voloridge Investment Management LLC acquired a new stake in shares of Arrow Electronics during the third quarter worth approximately $337,000. UBS Group AG increased its equity stake in Arrow Electronics by 0.3% during the third quarter. UBS Group AG now owns 53,766 shares of the technology company worth $6,037,000 after buying 139 more shares last quarter. Stonnington Group LLC acquired a new stake in shares of Arrow Electronics during the fourth quarter worth approximately $400,000. Exchange Traded Concepts LLC increased its stake in Arrow Electronics shares by 4.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,196 shares of the technology company valued at $429,000 after buying 129 additional shares last quarter. Finally, Koshinski Asset Management Inc. increased its stake in Arrow Electronics shares by 106.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 577 shares of the technology company valued at $77,000 after buying 297 additional shares last quarter. 93.38% of the shares are held by institutional investors.
A number of brokerages have weighed in on ARW recently. Truist Financial lowered its price target on Arrow Electronics shares from $143.00 to $126.00 and set a “holding” rating for the company in a Friday, April 8 report. StockNews.com moved shares of Arrow Electronics from a “buy” rating to a “strong buy” rating in a Saturday, May 28, report.
In other news, SVP Vincent P. Melvin sold 5,334 shares of Arrow Electronics in a trade on Thursday, May 19. The shares were sold at an average price of $122.26, for a total transaction of $652,134.84. As a result of the transaction, the senior vice president now directly owns 25,381 shares of the company, valued at $3,103,081.06. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Additionally, director Andrew Charles Kerin sold 1,550 shares of Arrow Electronics in a trade on Friday, May 13. The stock was sold at an average price of $125.11, for a total transaction of $193,920.50. The disclosure of this sale can be found here. Insiders sold a total of 29,475 shares of the company valued at $3,648,254 in the past ninety days. Insiders of the company hold 1.00% of the shares of the company.
ARW opened at $109.25 on Wednesday. The company has a fifty-day moving average price of $117.77 and a two-hundred-day moving average price of $121.52. The company has a debt ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.49. Arrow Electronics, Inc. has a 52 week low of $105.33 and a 52 week high of $137.95. The company has a market capitalization of $7.21 billion, a PE ratio of 6.14, a P/E/G ratio of 1.66 and a beta of 1.34.
Arrow Electronics (NYSE:ARW – Get Rating) last released its results on Thursday, May 5. The technology company reported EPS of $5.43 for the quarter, beating analyst consensus estimates of $4.53 by $0.90. Arrow Electronics had a net margin of 3.60% and a return on equity of 24.40%. The company posted revenue of $9.07 billion in the quarter, versus analyst estimates of $8.71 billion. In the same quarter of the previous year, the company achieved EPS of $2.84. The company’s quarterly revenue increased by 8.2% compared to the same quarter last year. Equity analysts expect Arrow Electronics, Inc. to post EPS of 21.57 for the current year.
Arrow Electronics Company Profile (Get an assessment)
Arrow Electronics, Inc provides products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, Middle East, Africa and Asia-Pacific. The Company operates in two segments, Global Components and Global Enterprise Computing Solutions.
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