Buttonwood Financial Advisors Inc. Has $5.94 Million Stake in Arrow Electronics, Inc. (NYSE:ARW)

Buttonwood Financial Advisors Inc. increased its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 22.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 57,185 shares of the technology company's stock after acquiring an additional 10,325 shares during the period. Arrow Electronics accounts for about 2.6% of Buttonwood Financial Advisors Inc.'s holdings, making the stock its 11th largest position. Buttonwood Financial Advisors Inc. owned about 0.11% of Arrow Electronics worth $5,938,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Truist Financial Corp grew its holdings in Arrow Electronics by 16.5% in the 4th quarter. Truist Financial Corp now owns 5,225 shares of the technology company's stock valued at $591,000 after buying an additional 741 shares during the last quarter. IFP Advisors Inc grew its holdings in Arrow Electronics by 26.5% in the 4th quarter. IFP Advisors Inc now owns 630 shares of the technology company's stock valued at $71,000 after buying an additional 132 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Arrow Electronics by 1.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company's stock valued at $539,000 after buying an additional 89 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Arrow Electronics in the 4th quarter valued at approximately $1,971,000. Finally, Parkside Financial Bank & Trust grew its holdings in Arrow Electronics by 24.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company's stock valued at $64,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Arrow Electronics Price Performance

Shares of NYSE:ARW opened at $127.28 on Friday. Arrow Electronics, Inc. has a 1-year low of $86.50 and a 1-year high of $137.80. The firm has a market capitalization of $6.60 billion, a PE ratio of 17.53, a PEG ratio of 0.63 and a beta of 1.09. The business's 50 day moving average is $119.16 and its 200-day moving average is $112.69. 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 (NYSE:ARW - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.33. Arrow Electronics had a return on equity of 8.97% and a net margin of 1.40%. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.32 billion. During the same quarter last year, the firm earned $2.41 EPS. Arrow Electronics's revenue for the quarter was down 1.6% compared to the same quarter last year. Sell-side analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Insider Buying and Selling

In other Arrow Electronics news, Director Gail Hamilton sold 1,458 shares of Arrow Electronics stock in a transaction on Monday, May 12th. The stock was sold at an average price of $122.39, for a total value of $178,444.62. Following the completion of the transaction, the director now owns 101 shares in the company, valued at approximately $12,361.39. The trade was a 93.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of Arrow Electronics stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $124.64, for a total value of $331,542.40. Following the completion of the transaction, the senior vice president now owns 17,057 shares of the company's stock, valued at approximately $2,125,984.48. The trade was a 13.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,070 shares of company stock worth $1,116,062 in the last 90 days. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Bank of America raised their target price on Arrow Electronics from $105.00 to $110.00 and gave the company an "underperform" rating in a report on Monday, June 9th.

Arrow Electronics Profile

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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