1 day Ago By ABMN Staff
American Century Companies Inc. grew its stake in shares of Arrow Electronics, Inc. ( NYSE:ARW – Free Report ) by 13.
0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,725 shares of the technology company’s stock after buying an additional 11,623 shares during the period. American Century Companies Inc.
’s holdings in Arrow Electronics were worth $11,394,000 at the end of the most recent reporting period. A number of other hedge funds also recently made changes to their positions in the stock. Boston Partners lifted its holdings in Arrow Electronics by 14.
8% during the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company’s stock valued at $280,138,000 after purchasing an additional 318,329 shares in the last quarter. Greenhaven Associates Inc.
lifted its stake in shares of Arrow Electronics by 1.1% during the 4th quarter. Greenhaven Associates Inc.
now owns 1,904,857 shares of the technology company’s stock valued at $215,477,000 after buying an additional 20,484 shares in the last quarter. State Street Corp lifted its stake in shares of Arrow Electronics by 0.3% during the 3rd quarter.
State Street Corp now owns 1,689,695 shares of the technology company’s stock valued at $224,442,000 after buying an additional 4,811 shares in the last quarter. Lind Value II ApS boosted its holdings in Arrow Electronics by 36.3% in the 4th quarter.
Lind Value II ApS now owns 648,637 shares of the technology company’s stock worth $73,374,000 after buying an additional 172,669 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Arrow Electronics by 3.
1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 498,907 shares of the technology company’s stock worth $56,436,000 after buying an additional 14,971 shares in the last quarter.
99.34% of the stock is currently owned by institutional investors. Analysts Set New Price Targets A number of equities analysts have recently weighed in on ARW shares.
Bank of America lowered Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Wells Fargo & Company dropped their price target on Arrow Electronics from $100.00 to $98.
00 and set an “underweight” rating for the company in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Arrow Electronics currently has an average rating of “Hold” and a consensus price target of $121.
25. Arrow Electronics Trading Down 0.6 % Shares of Arrow Electronics stock opened at $103.
18 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.
46 and a debt-to-equity ratio of 0.48. The firm has a market cap of $5.
35 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 0.52 and a beta of 1.
26. Arrow Electronics, Inc. has a twelve month low of $101.
78 and a twelve month high of $137.80. The business has a 50-day moving average price of $109.
37 and a 200-day moving average price of $118.02. Arrow Electronics ( NYSE:ARW – Get Free Report ) last released its quarterly earnings data on Thursday, February 13th.
The technology company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.
17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.
40%. Equities research analysts anticipate that Arrow Electronics, Inc. will post 10.
57 EPS for the current fiscal year. Insider Activity at Arrow Electronics In related news, Director William F. Austen purchased 1,900 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th.
The shares were bought at an average price of $104.12 per share, for a total transaction of $197,828.00.
Following the acquisition, the director now owns 7,858 shares of the company’s stock, valued at approximately $818,174.96. This represents a 31.
89 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . Also, CAO Yun Sung Cho sold 353 shares of Arrow Electronics stock in a transaction on Monday, February 24th.
The stock was sold at an average price of $112.11, for a total transaction of $39,574.83.
Following the transaction, the chief accounting officer now directly owns 1,549 shares of the company’s stock, valued at $173,658.39. The trade was a 18.
56 % decrease in their ownership of the stock. The disclosure for this sale can be found here . 1.
00% of the stock is owned by insiders. Arrow Electronics Profile ( Free Report ) Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.
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