Arrow Electronics, Inc. (NYSE:ARW) Shares Acquired by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp grew its position in Arrow Electronics, Inc. (NYSE:ARW) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,033 shares of the technology company’s stock after purchasing an additional 633 shares during the period. Alaska Permanent Fund Corp’s holdings in Arrow Electronics were worth $2,205,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Financial Group LLC purchased a new stake in shares of Arrow Electronics during the 3rd quarter valued at about $25,000. IFP Advisors Inc raised its holdings in shares of Arrow Electronics by 33.0% during the 3rd quarter. IFP Advisors Inc now owns 403 shares of the technology company’s stock valued at $50,000 after buying an additional 100 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Arrow Electronics during the 4th quarter valued at about $58,000. HB Wealth Management LLC purchased a new stake in shares of Arrow Electronics during the 3rd quarter valued at about $202,000. Finally, Vinva Investment Management Ltd raised its holdings in shares of Arrow Electronics by 4.7% during the 3rd quarter. Vinva Investment Management Ltd now owns 1,888 shares of the technology company’s stock valued at $243,000 after buying an additional 85 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total value of $180,895.00. Following the completion of the sale, the senior vice president now directly owns 15,271 shares in the company, valued at approximately $1,847,791. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Richard John Marano sold 1,900 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $116.46, for a total transaction of $221,274.00. Following the completion of the transaction, the insider now owns 12,108 shares in the company, valued at approximately $1,410,097.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $121.00, for a total value of $180,895.00. Following the transaction, the senior vice president now owns 15,271 shares of the company’s stock, valued at approximately $1,847,791. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,134 shares of company stock worth $488,795. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Truist Financial dropped their target price on Arrow Electronics from $128.00 to $124.00 and set a “hold” rating on the stock in a report on Friday, February 9th.

Arrow Electronics Price Performance

ARW stock opened at $127.81 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.39 and a debt-to-equity ratio of 0.37. Arrow Electronics, Inc. has a 52-week low of $108.51 and a 52-week high of $147.42. The stock’s 50 day moving average is $122.37 and its two-hundred day moving average is $119.20. The company has a market capitalization of $6.90 billion, a PE ratio of 8.09 and a beta of 1.41.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $3.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.72 by $0.26. Arrow Electronics had a return on equity of 17.22% and a net margin of 2.73%. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same period in the previous year, the business earned $5.69 EPS. Arrow Electronics’s revenue for the quarter was down 15.8% compared to the same quarter last year. Analysts predict that Arrow Electronics, Inc. will post 11.53 earnings per share for the current fiscal year.

About Arrow Electronics

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.