Arrow Electronics, Inc. (NYSE:ARW) Shares Purchased by CenterBook Partners LP

CenterBook Partners LP increased its stake in shares of Arrow Electronics, Inc. (NYSE:ARWFree Report) by 44.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,455 shares of the technology company’s stock after buying an additional 4,134 shares during the period. CenterBook Partners LP’s holdings in Arrow Electronics were worth $1,645,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its holdings in shares of Arrow Electronics by 3.4% in the 3rd quarter. Victory Capital Management Inc. now owns 17,433 shares of the technology company’s stock worth $2,183,000 after acquiring an additional 566 shares during the period. New York Life Investment Management LLC increased its position in shares of Arrow Electronics by 105.9% in the third quarter. New York Life Investment Management LLC now owns 6,012 shares of the technology company’s stock valued at $753,000 after buying an additional 3,092 shares in the last quarter. Shell Asset Management Co. raised its stake in shares of Arrow Electronics by 6.5% during the 3rd quarter. Shell Asset Management Co. now owns 2,267 shares of the technology company’s stock worth $284,000 after buying an additional 138 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Arrow Electronics by 5.3% in the 3rd quarter. Van ECK Associates Corp now owns 10,556 shares of the technology company’s stock worth $1,322,000 after buying an additional 531 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in Arrow Electronics by 1.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 10,883 shares of the technology company’s stock valued at $1,363,000 after acquiring an additional 137 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ARW. Truist Financial cut their target price on shares of Arrow Electronics from $128.00 to $124.00 and set a “hold” rating for the company in a research report on Friday, February 9th. The Goldman Sachs Group upped their target price on Arrow Electronics from $116.00 to $132.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th.

View Our Latest Stock Analysis on ARW

Arrow Electronics Trading Down 0.2 %

Shares of Arrow Electronics stock traded down $0.23 during mid-day trading on Friday, hitting $131.69. 533,557 shares of the stock were exchanged, compared to its average volume of 326,911. The company has a current ratio of 1.49, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $7.01 billion, a price-to-earnings ratio of 10.35 and a beta of 1.30. The company has a 50-day simple moving average of $128.05 and a 200 day simple moving average of $121.80. Arrow Electronics, Inc. has a twelve month low of $108.51 and a twelve month high of $147.42.

Arrow Electronics (NYSE:ARWGet Free Report) last announced its earnings results on Tuesday, May 7th. The technology company reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.04. The firm had revenue of $6.92 billion for the quarter, compared to analyst estimates of $7.08 billion. Arrow Electronics had a net margin of 2.28% and a return on equity of 14.61%. Arrow Electronics’s revenue was down 20.7% compared to the same quarter last year. During the same quarter last year, the business earned $4.60 earnings per share. Research analysts forecast that Arrow Electronics, Inc. will post 10.37 EPS for the current year.

Insider Buying and Selling

In other Arrow Electronics news, Director Gail Hamilton sold 2,987 shares of Arrow Electronics stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $132.59, for a total value of $396,046.33. Following the completion of the sale, the director now owns 102 shares in the company, valued at approximately $13,524.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Andrew Charles Kerin sold 1,520 shares of Arrow Electronics stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $131.66, for a total value of $200,123.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gail Hamilton sold 2,987 shares of Arrow Electronics stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $132.59, for a total value of $396,046.33. Following the completion of the transaction, the director now directly owns 102 shares in the company, valued at $13,524.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,976 shares of company stock worth $788,183. 1.00% of the stock is owned by company insiders.

Arrow Electronics Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Arrow Electronics (NYSE:ARW)

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