Russell Investments Group Ltd. Buys 21,827 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Russell Investments Group Ltd. grew its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 32.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 90,053 shares of the technology company's stock after purchasing an additional 21,827 shares during the quarter. Russell Investments Group Ltd. owned about 0.17% of Arrow Electronics worth $11,010,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in Arrow Electronics in the 4th quarter worth $58,000. Riverwater Partners LLC lifted its stake in shares of Arrow Electronics by 18.1% in the fourth quarter. Riverwater Partners LLC now owns 1,946 shares of the technology company's stock valued at $238,000 after buying an additional 298 shares during the period. Vinva Investment Management Ltd grew its position in Arrow Electronics by 4.7% during the third 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. Blue Trust Inc. increased its stake in Arrow Electronics by 14.4% during the fourth quarter. Blue Trust Inc. now owns 1,987 shares of the technology company's stock valued at $249,000 after acquiring an additional 250 shares during the period. Finally, Paulson Wealth Management Inc. raised its holdings in Arrow Electronics by 17.6% in the 3rd quarter. Paulson Wealth Management Inc. now owns 1,993 shares of the technology company's stock valued at $250,000 after acquiring an additional 298 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Yun Sung Cho sold 739 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $117.22, for a total transaction of $86,625.58. Following the sale, the chief accounting officer now directly owns 1,389 shares of the company's stock, valued at $162,818.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 dated 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 sale, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Yun Sung Cho sold 739 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $117.22, for a total transaction of $86,625.58. Following the completion of the transaction, the chief accounting officer now directly owns 1,389 shares in the company, valued at approximately $162,818.58. The disclosure for this sale can be found here. Insiders have sold a total of 4,134 shares of company stock valued at $488,795 in the last 90 days. 0.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Truist Financial decreased their price target 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.

Arrow Electronics Price Performance

Shares of NYSE:ARW traded up $2.25 on Monday, hitting $127.14. The stock had a trading volume of 617,535 shares, compared to its average volume of 540,656. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 10.00 and a beta of 1.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.07 and a current ratio of 1.49. The firm's 50 day moving average price is $123.92 and its 200-day moving average price is $119.72. Arrow Electronics, Inc. has a twelve month low of $108.51 and a twelve month high of $147.42.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The technology company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.04. The firm had revenue of $6.92 billion for the quarter, compared to analysts' expectations of $7.08 billion. Arrow Electronics had a net margin of 2.28% and a return on equity of 14.61%. The company's quarterly revenue was down 20.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.60 earnings per share. On average, equities research analysts predict 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.