Wealth Enhancement Advisory Services LLC boosted its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 33.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,864 shares of the technology company's stock after purchasing an additional 2,982 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Arrow Electronics were worth $1,232,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Arrow Electronics in the first quarter valued at $356,000. GAMMA Investing LLC lifted its holdings in shares of Arrow Electronics by 201.3% in the first quarter. GAMMA Investing LLC now owns 2,597 shares of the technology company's stock valued at $270,000 after buying an additional 1,735 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Arrow Electronics by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 498,907 shares of the technology company's stock valued at $56,436,000 after buying an additional 14,971 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Arrow Electronics by 0.9% in the fourth quarter. Victory Capital Management Inc. now owns 20,669 shares of the technology company's stock valued at $2,338,000 after buying an additional 192 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Arrow Electronics by 4.3% in the fourth quarter. Wellington Management Group LLP now owns 4,100 shares of the technology company's stock valued at $464,000 after buying an additional 168 shares during the period. Institutional investors and hedge funds own 99.34% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Bank of America upped their price objective on Arrow Electronics from $105.00 to $110.00 and gave the company an "underperform" rating in a report on Monday, June 9th.
View Our Latest Report on ARW
Insider Transactions at Arrow Electronics
In related news, insider Eric Nowak sold 4,952 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $122.39, for a total transaction of $606,075.28. Following the transaction, the insider directly owned 43,895 shares of the company's stock, valued at approximately $5,372,309.05. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gail Hamilton sold 1,458 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $122.39, for a total value of $178,444.62. Following the transaction, the director directly owned 101 shares in the company, valued at $12,361.39. The trade was a 93.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,070 shares of company stock valued at $1,116,062 over the last three months. Company insiders own 1.00% of the company's stock.
Arrow Electronics Trading Up 0.2%
Shares of Arrow Electronics stock traded up $0.23 on Friday, reaching $132.17. 240,850 shares of the company were exchanged, compared to its average volume of 487,521. The stock has a fifty day moving average price of $121.45 and a 200-day moving average price of $113.09. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.39. Arrow Electronics, Inc. has a fifty-two week low of $86.50 and a fifty-two week high of $137.80.
Arrow Electronics (NYSE:ARW - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.33. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.32 billion. Arrow Electronics had a return on equity of 8.97% and a net margin of 1.40%. Arrow Electronics's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.41 earnings per share. On average, analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current year.
Arrow Electronics Company 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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