AMH Equity Ltd Makes New Investment in Arrow Electronics, Inc. (NYSE:ARW)

AMH Equity Ltd bought a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 30,000 shares of the technology company's stock, valued at approximately $3,668,000. Arrow Electronics makes up 3.3% of AMH Equity Ltd's portfolio, making the stock its 9th largest position. AMH Equity Ltd owned approximately 0.06% of Arrow Electronics as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ARW. IFP Advisors Inc increased its position in shares of Arrow Electronics by 33.0% during the 3rd quarter. IFP Advisors Inc now owns 403 shares of the technology company's stock valued at $50,000 after purchasing an additional 100 shares during the period. HB Wealth Management LLC acquired a new position in shares of Arrow Electronics in the 3rd quarter worth $202,000. SG Americas Securities LLC grew its holdings in shares of Arrow Electronics by 199.6% in the 3rd quarter. SG Americas Securities LLC now owns 10,100 shares of the technology company's stock worth $1,265,000 after acquiring an additional 6,729 shares during the last quarter. CreativeOne Wealth LLC grew its holdings in shares of Arrow Electronics by 10.3% in the 3rd quarter. CreativeOne Wealth LLC now owns 2,030 shares of the technology company's stock worth $254,000 after acquiring an additional 189 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of Arrow Electronics by 13.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 13,700 shares of the technology company's stock worth $1,716,000 after acquiring an additional 1,600 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Truist Financial decreased their target price on Arrow Electronics from $128.00 to $124.00 and set a "hold" rating on the stock in a report on Friday, February 9th.

Insider Activity

In other news, CAO Yun Sung Cho sold 739 shares of Arrow Electronics stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $117.22, for a total transaction of $86,625.58. Following the transaction, the chief accounting officer now owns 1,389 shares in the company, valued at $162,818.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Richard John Marano sold 1,900 shares of Arrow Electronics stock in a transaction on Wednesday, February 28th. The stock was 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 owns 12,108 shares of the company's stock, valued at $1,410,097.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Yun Sung Cho sold 739 shares of Arrow Electronics stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $117.22, for a total value of $86,625.58. Following the sale, the chief accounting officer now directly owns 1,389 shares of the company's stock, valued at approximately $162,818.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,134 shares of company stock worth $488,795. 1.00% of the stock is owned by corporate insiders.

Arrow Electronics Price Performance

Shares of NYSE ARW traded up $0.77 during mid-day trading on Friday, reaching $128.58. The company had a trading volume of 422,701 shares, compared to its average volume of 341,253. The company has a current ratio of 1.39, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The stock has a market cap of $6.94 billion, a PE ratio of 8.14 and a beta of 1.41. The company has a 50-day moving average price of $122.66 and a two-hundred day moving average price of $119.25. Arrow Electronics, Inc. has a 1-year low of $108.51 and a 1-year high of $147.42.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued 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 return on equity of 17.22% and a net margin of 2.73%. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same quarter in the previous year, the company posted $5.69 earnings per share. Arrow Electronics's revenue for the quarter was down 15.8% compared to the same quarter last year. On average, equities analysts anticipate that Arrow Electronics, Inc. will post 11.53 earnings per share for the current year.

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.