Merit Financial Group LLC acquired a new position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,776 shares of the technology company's stock, valued at approximately $288,000.
Several other large investors have also made changes to their positions in ARW. Meixler Investment Management Ltd. grew its holdings in shares of Arrow Electronics by 2.6% during the 4th quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company's stock worth $387,000 after purchasing an additional 88 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Arrow Electronics by 1.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company's stock worth $539,000 after buying an additional 89 shares in the last quarter. Ironwood Investment Management LLC increased its holdings in Arrow Electronics by 0.4% during the 4th quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company's stock valued at $2,550,000 after purchasing an additional 100 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Arrow Electronics by 24.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company's stock valued at $64,000 after purchasing an additional 112 shares in the last quarter. Finally, Principal Securities Inc. increased its holdings in Arrow Electronics by 35.7% during the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock valued at $54,000 after purchasing an additional 126 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.
Insider Buying and Selling at Arrow Electronics
In other news, Director Gail Hamilton sold 1,458 shares of the firm's 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 transaction, the director now directly owns 101 shares in the company, valued at $12,361.39. This trade represents a 93.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was 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 in the company, valued at $2,125,984.48. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,070 shares of company stock worth $1,116,062. Insiders own 1.00% of the company's stock.
Arrow Electronics Trading Down 1.3%
ARW traded down $1.59 during mid-day trading on Friday, reaching $121.91. The stock had a trading volume of 792,652 shares, compared to its average volume of 496,052. The stock has a market capitalization of $6.32 billion, a P/E ratio of 16.75, a P/E/G ratio of 0.52 and a beta of 1.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46. The firm's fifty day simple moving average is $113.94 and its two-hundred day simple moving average is $112.37. Arrow Electronics, Inc. has a 52 week low of $86.50 and a 52 week high of $137.80.
Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.33. The firm 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 9.69% and a net margin of 1.40%. The business's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $2.41 EPS. On average, equities analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current year.
Wall Street Analyst Weigh In
Separately, Bank of America raised their price target on Arrow Electronics from $105.00 to $110.00 and gave the company an "underperform" rating in a report on Monday, June 9th.
Get Our Latest Stock Analysis on Arrow Electronics
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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