abrdn plc Raises Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

abrdn plc increased its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 91.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,905 shares of the technology company's stock after acquiring an additional 9,044 shares during the period. abrdn plc's holdings in Arrow Electronics were worth $2,311,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. 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 last quarter. SG Americas Securities LLC grew its position in Arrow Electronics by 199.6% during the third quarter. SG Americas Securities LLC now owns 10,100 shares of the technology company's stock valued at $1,265,000 after acquiring an additional 6,729 shares during the last quarter. Handelsbanken Fonder AB lifted 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. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Arrow Electronics by 5.0% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 31,288 shares of the technology company's stock valued at $3,919,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Tectonic Advisors LLC bought a new position in shares of Arrow Electronics during the 3rd quarter valued at $298,000. Institutional investors own 99.34% of the company's stock.

Insider Buying and Selling

In other Arrow Electronics news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total transaction of $180,895.00. Following the completion of the transaction, the senior vice president now owns 15,271 shares of the company's stock, valued at approximately $1,847,791. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Arrow Electronics news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the business's 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 transaction, the senior vice president now directly owns 15,271 shares of the company's stock, valued at approximately $1,847,791. The sale was disclosed in a legal filing with the SEC, 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 dated 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 directly owns 12,108 shares of the company's stock, valued at $1,410,097.68. The disclosure for this sale can be found here. Insiders have sold 4,134 shares of company stock valued at $488,795 over the last ninety days. 0.60% of the stock is owned by insiders.

Arrow Electronics Trading Up 0.2 %

ARW stock traded up $0.20 during midday trading on Monday, hitting $128.78. The company had a trading volume of 484,837 shares, compared to its average volume of 527,594. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 8.16 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 current ratio of 1.39, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The stock's 50 day moving average price is $122.96 and its 200 day moving average price is $119.35.

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

Wall Street Analyst Weigh In

Separately, Truist Financial lowered their price target on shares of Arrow Electronics from $128.00 to $124.00 and set a "hold" rating for the company 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.