Cipher Capital LP decreased its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 8.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,961 shares of the technology company’s stock after selling 4,100 shares during the period. Cipher Capital LP’s holdings in Arrow Electronics were worth $3,535,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC boosted its holdings in Arrow Electronics by 489.5% in the second quarter. Advisory Services Network LLC now owns 1,409 shares of the technology company’s stock worth $110,000 after purchasing an additional 1,170 shares during the last quarter. Advisor Group Inc. boosted its holdings in Arrow Electronics by 76.1% in the third quarter. Advisor Group Inc. now owns 1,819 shares of the technology company’s stock worth $145,000 after purchasing an additional 786 shares during the last quarter. Paragon Capital Management Ltd purchased a new stake in Arrow Electronics in the third quarter worth approximately $201,000. Advisor Partners LLC boosted its holdings in Arrow Electronics by 2.6% in the second quarter. Advisor Partners LLC now owns 2,802 shares of the technology company’s stock worth $220,000 after purchasing an additional 71 shares during the last quarter. Finally, Timber Hill LLC purchased a new stake in Arrow Electronics in the second quarter worth approximately $234,000. 91.78% of the stock is owned by institutional investors and hedge funds.
In other Arrow Electronics news, Director Gail Hamilton sold 4,800 shares of Arrow Electronics stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $78.33, for a total value of $375,984.00. Following the sale, the director now directly owns 91 shares in the company, valued at approximately $7,128.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Matthew R. Anderson sold 1,416 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $79.00, for a total transaction of $111,864.00. Following the completion of the sale, the senior vice president now owns 1,416 shares in the company, valued at $111,864. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,032 shares of company stock worth $788,816. 1.20% of the stock is owned by corporate insiders.
Arrow Electronics, Inc. (NYSE ARW) traded down $1.49 on Monday, hitting $77.71. 588,242 shares of the company were exchanged, compared to its average volume of 495,434. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.13 and a current ratio of 1.58. Arrow Electronics, Inc. has a 52 week low of $68.55 and a 52 week high of $84.53. The stock has a market cap of $6,840.00, a PE ratio of 11.22, a price-to-earnings-growth ratio of 0.94 and a beta of 1.18.
Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, November 2nd. The technology company reported $1.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.82. Arrow Electronics had a net margin of 2.00% and a return on equity of 13.63%. The company had revenue of $6.95 billion for the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter in the previous year, the company earned $1.56 EPS. Arrow Electronics’s revenue for the quarter was up 17.1% on a year-over-year basis. equities research analysts anticipate that Arrow Electronics, Inc. will post 7.35 EPS for the current year.
Several equities research analysts recently issued reports on ARW shares. Zacks Investment Research upgraded shares of Arrow Electronics from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a report on Thursday, August 24th. Stifel Nicolaus reiterated a “buy” rating and set a $86.00 price target on shares of Arrow Electronics in a research note on Tuesday, September 12th. Deutsche Bank reiterated a “hold” rating and set a $81.00 price target (up previously from $76.00) on shares of Arrow Electronics in a research note on Wednesday, August 9th. Finally, BidaskClub cut shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $83.25.
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Arrow Electronics Profile
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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