Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 9.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 quarter.
Other hedge funds also recently made changes to their positions in the company. Thrivent Financial For Lutherans boosted its holdings in shares of Arrow Electronics by 2,948.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 513,673 shares of the technology company’s stock valued at $40,283,000 after buying an additional 496,823 shares during the period. LSV Asset Management boosted its holdings in shares of Arrow Electronics by 13.1% in the 2nd quarter. LSV Asset Management now owns 2,142,395 shares of the technology company’s stock valued at $168,006,000 after buying an additional 248,373 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Arrow Electronics by 57.9% in the 2nd quarter. Prudential Financial Inc. now owns 465,233 shares of the technology company’s stock valued at $36,483,000 after buying an additional 170,570 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Arrow Electronics by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 7,643,715 shares of the technology company’s stock valued at $599,421,000 after buying an additional 164,059 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Arrow Electronics by 11.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,373,934 shares of the technology company’s stock valued at $107,744,000 after buying an additional 144,908 shares during the period. 92.72% of the stock is owned by institutional investors.
Shares of Arrow Electronics, Inc. (ARW) traded up $1.27 during trading hours on Friday, reaching $78.51. 878,042 shares of the company traded hands, compared to its average volume of 572,050. The company has a market cap of $6,930.00, a P/E ratio of 11.12, a PEG ratio of 0.94 and a beta of 1.18. Arrow Electronics, Inc. has a 12-month low of $68.55 and a 12-month high of $84.53. 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 (NYSE:ARW) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.82 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.82. Arrow Electronics had a net margin of 2.00% and a return on equity of 13.63%. The firm had revenue of $6.95 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same period last year, the firm posted $1.56 EPS. Arrow Electronics’s quarterly revenue was up 17.1% compared to the same quarter last year. sell-side analysts anticipate that Arrow Electronics, Inc. will post 7.35 EPS for the current fiscal year.
In other Arrow Electronics news, insider Sean J. Kerins sold 3,816 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $78.87, for a total transaction of $300,967.92. Following the sale, the insider now directly owns 25,552 shares in the company, valued at approximately $2,015,286.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 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. Insiders have sold a total of 10,032 shares of company stock worth $788,816 over the last 90 days. 1.20% of the stock is owned by insiders.
Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Arrow Electronics from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $86.00 price objective on shares of Arrow Electronics in a research report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $83.25.
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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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