Mackenzie Financial Corp Purchases 26,142 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Mackenzie Financial Corp lifted its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 182.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,472 shares of the technology company's stock after buying an additional 26,142 shares during the period. Mackenzie Financial Corp owned about 0.07% of Arrow Electronics worth $4,948,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Legacy Financial Group LLC acquired a new position in shares of Arrow Electronics in the 3rd quarter worth approximately $25,000. IFP Advisors Inc raised its holdings in shares of Arrow Electronics by 33.0% in the 3rd quarter. IFP Advisors Inc now owns 403 shares of the technology company's stock worth $50,000 after buying an additional 100 shares in the last quarter. HB Wealth Management LLC acquired a new position in shares of Arrow Electronics in the 3rd quarter worth approximately $202,000. Riverwater Partners LLC raised its holdings in shares of Arrow Electronics by 18.1% in the 4th quarter. Riverwater Partners LLC now owns 1,946 shares of the technology company's stock worth $238,000 after buying an additional 298 shares in the last quarter. Finally, Vinva Investment Management Ltd raised its holdings in shares of Arrow Electronics by 4.7% in the 3rd quarter. Vinva Investment Management Ltd now owns 1,888 shares of the technology company's stock worth $243,000 after buying an additional 85 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Arrow Electronics news, CAO Yun Sung Cho sold 739 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $117.22, for a total value of $86,625.58. Following the transaction, the chief accounting officer now directly owns 1,389 shares in the company, valued at approximately $162,818.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Arrow Electronics news, CAO Yun Sung Cho sold 739 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $117.22, for a total value of $86,625.58. Following the transaction, the chief accounting officer now directly owns 1,389 shares in the company, valued at approximately $162,818.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $121.00, for a total value of $180,895.00. Following the completion of the transaction, the senior vice president now owns 15,271 shares in the company, valued at $1,847,791. The disclosure for this sale can be found here. Insiders have sold a total of 4,134 shares of company stock worth $488,795 in the last three months. Insiders own 0.60% of the company's stock.

Arrow Electronics Price Performance

NYSE ARW traded up $1.66 during trading hours on Monday, reaching $123.37. 210,911 shares of the company's stock were exchanged, compared to its average volume of 537,786. The stock has a market cap of $6.66 billion, a PE ratio of 7.81 and a beta of 1.41. Arrow Electronics, Inc. has a one year low of $108.51 and a one year high of $147.42. The firm has a fifty day moving average of $121.47 and a 200-day moving average of $119.04. The company has a current ratio of 1.39, a quick ratio of 1.00 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 EPS for the quarter, topping analysts' consensus estimates of $3.72 by $0.26. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.84 billion. Arrow Electronics had a return on equity of 17.22% and a net margin of 2.73%. Arrow Electronics's revenue for the quarter was down 15.8% on a year-over-year basis. During the same period in the prior year, the company earned $5.69 EPS. On average, equities research analysts predict that Arrow Electronics, Inc. will post 11.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Truist Financial dropped their target price on Arrow Electronics from $128.00 to $124.00 and set a "hold" rating for the company in a report on Friday, February 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.