Caisse DE Depot ET Placement DU Quebec Acquires 10,700 Shares of Arrow Electronics, Inc. (ARW)

Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 9.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 130,200 shares of the technology company’s stock after acquiring an additional 10,700 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.15% of Arrow Electronics worth $10,513,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in Arrow Electronics by 2,735.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 8,734 shares of the technology company’s stock valued at $702,000 after purchasing an additional 8,426 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Arrow Electronics by 40.2% during the 3rd quarter. Private Advisor Group LLC now owns 4,136 shares of the technology company’s stock valued at $339,000 after purchasing an additional 1,185 shares during the last quarter. Stifel Financial Corp lifted its holdings in Arrow Electronics by 44.9% during the 3rd quarter. Stifel Financial Corp now owns 13,919 shares of the technology company’s stock valued at $1,121,000 after purchasing an additional 4,311 shares during the last quarter. Tredje AP fonden lifted its holdings in Arrow Electronics by 11.4% during the 3rd quarter. Tredje AP fonden now owns 18,829 shares of the technology company’s stock valued at $1,514,000 after purchasing an additional 1,930 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Arrow Electronics by 2.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 368,357 shares of the technology company’s stock valued at $29,620,000 after purchasing an additional 8,469 shares during the last quarter. Institutional investors and hedge funds own 91.78% of the company’s stock.

In other Arrow Electronics news, Director Gail Hamilton sold 4,800 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $78.33, for a total value of $375,984.00. Following the completion of the transaction, the director now directly owns 91 shares of the company’s stock, valued at $7,128.03. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sean J. Kerins sold 3,816 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $78.87, for a total transaction of $300,967.92. Following the completion of the transaction, the insider now directly owns 25,552 shares of the company’s stock, valued at $2,015,286.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,032 shares of company stock valued at $788,816. Insiders own 1.20% of the company’s stock.

Several equities analysts recently issued reports on ARW shares. Zacks Investment Research raised shares of Arrow Electronics from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Thursday, August 24th. Stifel Nicolaus reissued a “buy” rating and set a $86.00 price target on shares of Arrow Electronics in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $83.25.

Arrow Electronics, Inc. (ARW) opened at $77.50 on Friday. Arrow Electronics, Inc. has a 12 month low of $68.55 and a 12 month high of $84.53. The firm has a market cap of $6,777.44, a PE ratio of 10.91, a price-to-earnings-growth ratio of 0.92 and a beta of 1.18. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.58 and a quick ratio of 1.13.

Arrow Electronics (NYSE:ARW) last announced its earnings results on Thursday, November 2nd. The technology company reported $1.82 earnings per share for the quarter, hitting the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $6.58 billion. During the same period in the previous year, the firm posted $1.56 earnings per share. The company’s revenue was up 17.1% on a year-over-year basis. sell-side analysts anticipate that Arrow Electronics, Inc. will post 7.35 EPS for the current year.

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

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