6 days Ago By Defense World Staff
Wellington Management Group LLP increased its stake in shares of Arrow Electronics, Inc. ( NYSE:ARW – Free Report ) by 4.3% in the fourth quarter, according to its most recent 13F filing with the SEC.
The firm owned 4,100 shares of the technology company’s stock after purchasing an additional 168 shares during the period. Wellington Management Group LLP’s holdings in Arrow Electronics were worth $464,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also modified their holdings of ARW.
BOK Financial Private Wealth Inc. acquired a new position in shares of Arrow Electronics in the fourth quarter worth $25,000. Brown Brothers Harriman & Co.
purchased a new position in Arrow Electronics during the 4th quarter worth approximately $31,000. New Age Alpha Advisors LLC purchased a new position in shares of Arrow Electronics during the fourth quarter worth approximately $47,000. Principal Securities Inc.
increased its stake in Arrow Electronics by 35.7% in the fourth quarter. Principal Securities Inc.
now owns 479 shares of the technology company’s stock valued at $54,000 after purchasing an additional 126 shares during the period. Finally, CoreFirst Bank & Trust acquired a new position in Arrow Electronics in the 4th quarter valued at about $55,000. 99.
34% of the stock is currently owned by hedge funds and other institutional investors. Analysts Set New Price Targets A number of equities analysts have commented on ARW shares. Wells Fargo & Company cut their price objective on shares of Arrow Electronics from $100.
00 to $98.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Bank of America cut Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th.
Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $121.
25. Insiders Place Their Bets In other Arrow Electronics news, CAO Yun Sung Cho sold 353 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $112.
11, for a total value 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. This trade represents a 18.56 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . Also, Director William F. Austen bought 1,900 shares of the company’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 completion of the acquisition, the director now owns 7,858 shares in the company, valued at approximately $818,174.96. This trade represents a 31.
89 % increase in their position. The disclosure for this purchase can be found here . 1.
00% of the stock is currently owned by insiders. Arrow Electronics Trading Up 2.2 % Shares of ARW stock opened at $100.
00 on Tuesday. Arrow Electronics, Inc. has a twelve month low of $86.
50 and a twelve month high of $137.80. The company has a market capitalization of $5.
19 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.52 and a beta of 1.
18. The firm has a 50-day moving average price of $104.96 and a 200 day moving average price of $115.
43. The company has a current ratio of 1.46, a quick ratio of 1.
08 and a debt-to-equity ratio of 0.48. Arrow Electronics ( NYSE:ARW – Get Free Report ) last posted its quarterly earnings data on Thursday, February 13th.
The technology company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.
17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.
40%. Research analysts forecast that Arrow Electronics, Inc. will post 10.
57 earnings per share for the current fiscal year. About Arrow Electronics ( 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.
Further Reading Five stocks we like better than Arrow Electronics What Are Growth Stocks and Investing in Them Why NVIDIA Stock Could Soar Despite Wall Street Downgrades Are These Liquid Natural Gas Stocks Ready For An Upside Bounce? Top 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or Hold What is Short Interest? How to Use It 3 Hot New IPOs Defying the 2025 Market Slump Want to see what other hedge funds are holding ARW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arrow Electronics, Inc. ( NYSE:ARW – Free Report ).
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