6 days Ago By ABMN Staff
Wellington Management Group LLP boosted its position in Arrow Electronics, Inc. ( NYSE:ARW – Free Report ) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 4,100 shares of the technology company’s stock after buying an additional 168 shares during the quarter. Wellington Management Group LLP’s holdings in Arrow Electronics were worth $464,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also made changes to their positions in ARW.
Jane Street Group LLC raised its stake in Arrow Electronics by 27.9% during the third quarter. Jane Street Group LLC now owns 11,497 shares of the technology company’s stock worth $1,527,000 after acquiring an additional 2,509 shares during the period.
MML Investors Services LLC raised its stake in shares of Arrow Electronics by 5.8% in the 3rd quarter. MML Investors Services LLC now owns 13,142 shares of the technology company’s stock worth $1,746,000 after buying an additional 720 shares in the last quarter.
Y Intercept Hong Kong Ltd raised its position in Arrow Electronics by 47.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 2,787 shares of the technology company’s stock worth $370,000 after acquiring an additional 893 shares in the last quarter.
Te Ahumairangi Investment Management Ltd lifted its stake in Arrow Electronics by 4.6% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 31,847 shares of the technology company’s stock valued at $4,206,000 after purchasing an additional 1,400 shares during the last quarter.
Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Arrow Electronics during the 3rd quarter valued at $621,000. 99.34% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth Several brokerages have commented on ARW. Wells Fargo & Company decreased their target price on shares of Arrow Electronics from $100.00 to $98.
00 and set an “underweight” rating for the company in a report on Friday, February 7th. Bank of America downgraded Arrow Electronics from a “neutral” rating to an “underperform” rating 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 issued a buy rating to the company.
Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $121.25. Insider Activity In related news, CAO Yun Sung Cho sold 353 shares of the company’s stock in a transaction dated Monday, February 24th.
The shares were sold at an average price of $112.11, for a total value of $39,574.83.
Following the sale, the chief accounting officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink . Also, Director William F.
Austen bought 1,900 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $104.12 per share, with a total value of $197,828.
00. Following the transaction, the director now directly owns 7,858 shares in the company, valued at $818,174.96.
This trade represents a 31.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here .
1.00% of the stock is owned by company insiders. Arrow Electronics Trading Up 2.
2 % NYSE:ARW opened at $100.00 on Tuesday. Arrow Electronics, Inc.
has a 12 month low of $86.50 and a 12 month high of $137.80.
The company’s 50 day moving average is $104.96 and its 200-day moving average is $115.43.
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 $5.19 billion, a price-to-earnings ratio of 13.
74, a P/E/G ratio of 0.52 and a beta of 1.18.
Arrow Electronics ( NYSE:ARW – Get Free Report ) last released its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating 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 analysts anticipate that Arrow Electronics, Inc.
will post 10.57 EPS for the current 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 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.
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