Oak Thistle LLC Invests $1.01 Million in Arrow Electronics, Inc. (NYSE:ARW)

Oak Thistle LLC bought a new position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,277 shares of the technology company's stock, valued at approximately $1,012,000.

Several other large investors have also bought and sold shares of the company. AustralianSuper Pty Ltd raised its holdings in shares of Arrow Electronics by 172.5% during the fourth quarter. AustralianSuper Pty Ltd now owns 92,990 shares of the technology company's stock valued at $11,368,000 after purchasing an additional 58,866 shares during the last quarter. South Dakota Investment Council increased its holdings in Arrow Electronics by 3.3% during the third quarter. South Dakota Investment Council now owns 74,556 shares of the technology company's stock valued at $9,337,000 after buying an additional 2,372 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in Arrow Electronics by 79.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 20,443 shares of the technology company's stock valued at $2,560,000 after buying an additional 9,056 shares during the last quarter. Greenhaven Associates Inc. increased its holdings in Arrow Electronics by 3.9% during the fourth quarter. Greenhaven Associates Inc. now owns 1,826,528 shares of the technology company's stock valued at $223,293,000 after buying an additional 69,400 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in Arrow Electronics by 20.3% during the third quarter. Deutsche Bank AG now owns 165,591 shares of the technology company's stock valued at $20,739,000 after buying an additional 27,982 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Arrow Electronics news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of Arrow Electronics stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $121.00, for a total transaction of $180,895.00. Following the sale, the senior vice president now owns 15,271 shares of the company's stock, valued at approximately $1,847,791. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $121.00, for a total transaction of $180,895.00. Following the sale, the senior vice president now owns 15,271 shares of the company's stock, valued at $1,847,791. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard John Marano sold 1,900 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $116.46, for a total transaction of $221,274.00. Following the completion of the sale, the insider now directly owns 12,108 shares in the company, valued at approximately $1,410,097.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,134 shares of company stock valued at $488,795. 1.10% of the stock is owned by corporate insiders.

Arrow Electronics Trading Down 1.2 %

ARW stock traded down $1.61 during trading on Tuesday, hitting $127.42. The company had a trading volume of 330,722 shares, compared to its average volume of 573,678. The firm has a market capitalization of $6.88 billion, a P/E ratio of 8.05 and a beta of 1.41. Arrow Electronics, Inc. has a 52-week low of $108.51 and a 52-week high of $147.42. The company has a 50 day simple moving average of $117.61 and a 200-day simple moving average of $119.08. The company has a quick ratio of 1.00, a current ratio of 1.39 and a debt-to-equity ratio of 0.37.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $3.98 earnings per share for the quarter, beating analysts' consensus estimates of $3.72 by $0.26. Arrow Electronics had a net margin of 2.73% and a return on equity of 17.22%. The business had revenue of $7.85 billion for the quarter, compared to analysts' expectations of $7.84 billion. During the same period last year, the business earned $5.69 EPS. The company's revenue was down 15.8% compared to the same quarter last year. As a group, research analysts forecast that Arrow Electronics, Inc. will post 11.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ARW shares. StockNews.com lowered shares of Arrow Electronics from a "buy" rating to a "hold" rating in a research report on Wednesday, December 13th. Truist Financial reduced their target price on shares of Arrow Electronics from $128.00 to $124.00 and set a "hold" rating on the stock in a research note on Friday, February 9th.

About Arrow Electronics

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.