4 days Ago By ABMN Staff
Envestnet Asset Management Inc. grew its holdings in shares of Arrow Electronics, Inc. ( NYSE:ARW – Free Report ) by 2.
7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 151,752 shares of the technology company’s stock after buying an additional 4,044 shares during the period. Envestnet Asset Management Inc.
’s holdings in Arrow Electronics were worth $17,166,000 as of its most recent filing with the SEC. Several other large investors also recently modified their holdings of the stock. Jane Street Group LLC boosted 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 in the last quarter. MML Investors Services LLC boosted its position in shares of Arrow Electronics by 5.
8% during the 3rd quarter. MML Investors Services LLC now owns 13,142 shares of the technology company’s stock worth $1,746,000 after purchasing an additional 720 shares in the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of Arrow Electronics by 47.
1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 2,787 shares of the technology company’s stock valued at $370,000 after buying an additional 893 shares during the period. Te Ahumairangi Investment Management Ltd increased its position in Arrow Electronics by 4.
6% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 31,847 shares of the technology company’s stock valued at $4,206,000 after buying an additional 1,400 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Arrow Electronics during the 3rd quarter worth approximately $621,000.
Institutional investors and hedge funds own 99.34% of the company’s stock. Analyst Upgrades and Downgrades A number of equities research analysts have commented on the company.
Wells Fargo & Company reduced their price objective 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.
Bank of America downgraded shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average 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 237 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $108.
73, for a total value of $25,769.01. Following the completion of the transaction, the chief accounting officer now owns 2,086 shares in the company, valued at $226,810.
78. This represents a 10.20 % decrease in their position.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . Also, Director William F. Austen bought 1,900 shares of the firm’s stock in a transaction dated Wednesday, March 12th.
The shares were acquired at an average cost of $104.12 per share, with a total value of $197,828.00.
Following the completion of the transaction, the director now owns 7,858 shares in the company, valued at approximately $818,174.96. The trade was 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 currently owned by insiders. Arrow Electronics Stock Up 0.5 % ARW stock opened at $100.
53 on Wednesday. The firm has a market capitalization of $5.21 billion, a PE ratio of 13.
81, a P/E/G ratio of 0.52 and a beta of 1.18.
The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.
48. Arrow Electronics, Inc. has a twelve month low of $86.
50 and a twelve month high of $137.80. The stock’s 50 day moving average is $104.
78 and its 200-day moving average is $115.33. 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 analysts’ consensus estimates of $2.80 by $0.
17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.
69%. Sell-side analysts expect that Arrow Electronics, Inc. will post 10.
57 EPS 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.
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