Amalgamated Bank lifted its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 6.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,879 shares of the technology company’s stock after buying an additional 1,019 shares during the quarter. Amalgamated Bank’s holdings in Arrow Electronics were worth $1,438,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Swiss National Bank raised its stake in Arrow Electronics by 1.0% in the third quarter. Swiss National Bank now owns 327,248 shares of the technology company’s stock valued at $26,314,000 after purchasing an additional 3,100 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Arrow Electronics by 92.1% during the third quarter. Public Employees Retirement System of Ohio now owns 58,112 shares of the technology company’s stock worth $4,673,000 after acquiring an additional 27,862 shares in the last quarter. FDx Advisors Inc. raised its stake in Arrow Electronics by 23.0% during the third quarter. FDx Advisors Inc. now owns 20,712 shares of the technology company’s stock worth $1,665,000 after acquiring an additional 3,876 shares in the last quarter. Quantbot Technologies LP acquired a new position in Arrow Electronics during the third quarter worth about $1,749,000. Finally, SG Americas Securities LLC grew its holdings in shares of Arrow Electronics by 768.9% during the third quarter. SG Americas Securities LLC now owns 3,425 shares of the technology company’s stock worth $275,000 after purchasing an additional 3,937 shares during the last quarter. 93.65% of the stock is owned by institutional investors.
In other Arrow Electronics news, Chairman Michael J. Long sold 50,988 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $82.93, for a total value of $4,228,434.84. Following the completion of the transaction, the chairman now owns 438,636 shares in the company, valued at approximately $36,376,083.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vincent P. Melvin sold 3,125 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $82.64, for a total value of $258,250.00. Following the completion of the transaction, the insider now owns 18,371 shares of the company’s stock, valued at approximately $1,518,179.44. The disclosure for this sale can be found here. Insiders sold a total of 59,113 shares of company stock valued at $4,898,398 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.
Shares of NYSE:ARW traded down $3.51 during trading on Monday, reaching $73.51. 426,255 shares of the stock were exchanged, compared to its average volume of 523,096. The firm has a market capitalization of $6,755.39, a price-to-earnings ratio of 10.19, a PEG ratio of 0.90 and a beta of 1.16. Arrow Electronics, Inc. has a 1-year low of $69.67 and a 1-year high of $87.26. The company has a quick ratio of 1.15, a current ratio of 1.56 and a debt-to-equity ratio of 0.59.
Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.21. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.46 billion. Arrow Electronics had a return on equity of 14.12% and a net margin of 1.50%. Arrow Electronics’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.00 EPS. equities research analysts anticipate that Arrow Electronics, Inc. will post 8.47 earnings per share for the current fiscal year.
Several brokerages recently commented on ARW. Zacks Investment Research cut Arrow Electronics from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Raymond James Financial upgraded Arrow Electronics from a “market perform” rating to a “strong-buy” rating and set a $93.00 target price on the stock in a report on Monday, February 12th. Finally, Pivotal Research began coverage on Arrow Electronics in a report on Tuesday, February 13th. They set a “buy” rating and a $98.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Arrow Electronics presently has an average rating of “Buy” and an average price target of $89.80.
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About Arrow Electronics
Arrow Electronics, Inc is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from various electronic components and enterprise computing solutions suppliers.
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