Bank of Montreal Can boosted its position in Arrow Electronics, Inc. (NYSE:ARW) by 233.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,887 shares of the technology company’s stock after acquiring an additional 82,484 shares during the quarter. Bank of Montreal Can owned 0.13% of Arrow Electronics worth $9,479,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Advisory Services Network LLC raised its holdings in Arrow Electronics by 489.5% during 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 in the last quarter. Advisor Group Inc. raised its holdings in Arrow Electronics by 76.1% during 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 in the last quarter. Paragon Capital Management Ltd acquired a new stake in Arrow Electronics during the third quarter worth approximately $201,000. Boothbay Fund Management LLC purchased a new position in shares of Arrow Electronics during the third quarter worth approximately $212,000. Finally, Trexquant Investment LP purchased a new position in shares of Arrow Electronics during the third quarter worth approximately $239,000. 93.00% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Sean J. Kerins sold 3,816 shares of Arrow Electronics stock in a transaction on 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 owns 25,552 shares of the company’s stock, valued at approximately $2,015,286.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.20% of the company’s stock.
A number of brokerages have recently issued reports on ARW. Pivotal Research began coverage on shares of Arrow Electronics in a research report on Tuesday. They set a “buy” rating and a $98.00 target price on the stock. Raymond James Financial upgraded shares of Arrow Electronics from a “market perform” rating to a “strong-buy” rating and set a $93.00 target price on the stock in a research report on Monday. Finally, Zacks Investment Research lowered shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $90.00.
Shares of Arrow Electronics, Inc. (NYSE ARW) opened at $80.19 on Thursday. The company has a market cap of $7,080.00, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 0.91 and a beta of 1.17. Arrow Electronics, Inc. has a 1 year low of $69.67 and a 1 year high of $87.26. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.15 and a current ratio of 1.56.
Arrow Electronics (NYSE:ARW) last issued its earnings results on Tuesday, February 6th. The technology company reported $2.51 EPS for the quarter, topping the consensus estimate of $2.30 by $0.21. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.46 billion. Arrow Electronics had a net margin of 1.50% and a return on equity of 14.12%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.00 EPS. sell-side analysts predict that Arrow Electronics, Inc. will post 8.47 earnings per share for the current fiscal year.
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Arrow Electronics Company 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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