AMH Equity Ltd Takes Position in Arrow Electronics, Inc. (NYSE:ARW)

AMH Equity Ltd purchased a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 30,000 shares of the technology company’s stock, valued at approximately $3,668,000. Arrow Electronics makes up about 3.3% of AMH Equity Ltd’s investment portfolio, making the stock its 9th biggest position. AMH Equity Ltd owned approximately 0.06% of Arrow Electronics as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ARW. Oak Thistle LLC bought a new position in shares of Arrow Electronics during the fourth quarter worth about $1,012,000. AustralianSuper Pty Ltd lifted its stake in Arrow Electronics by 172.5% in the fourth quarter. AustralianSuper Pty Ltd now owns 92,990 shares of the technology company’s stock valued at $11,368,000 after buying an additional 58,866 shares during the period. Lecap Asset Management Ltd. acquired a new position in Arrow Electronics in the fourth quarter valued at approximately $1,259,000. Mackenzie Financial Corp lifted its stake in Arrow Electronics by 182.4% in the fourth quarter. Mackenzie Financial Corp now owns 40,472 shares of the technology company’s stock valued at $4,948,000 after buying an additional 26,142 shares during the period. Finally, South Dakota Investment Council lifted its stake in Arrow Electronics by 3.3% in the third quarter. South Dakota Investment Council now owns 74,556 shares of the technology company’s stock valued at $9,337,000 after buying an additional 2,372 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, CAO Yun Sung Cho sold 739 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $117.22, for a total transaction of $86,625.58. Following the transaction, the chief accounting officer now directly owns 1,389 shares in the company, valued at $162,818.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the firm’s stock in a transaction 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 owns 15,271 shares of the company’s stock, valued at $1,847,791. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Yun Sung Cho sold 739 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $117.22, for a total value of $86,625.58. Following the completion of the sale, the chief accounting officer now directly owns 1,389 shares of the company’s stock, valued at approximately $162,818.58. The disclosure for this sale can be found here. Insiders have sold 4,134 shares of company stock worth $488,795 over the last ninety days. Insiders own 1.00% of the company’s stock.

Arrow Electronics Stock Performance

Shares of ARW stock opened at $128.58 on Friday. The firm’s 50 day moving average is $122.66 and its 200 day moving average is $119.25. The company has a current ratio of 1.39, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. Arrow Electronics, Inc. has a 12 month low of $108.51 and a 12 month high of $147.42. The stock has a market capitalization of $6.94 billion, a P/E ratio of 8.14 and a beta of 1.41.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $3.98 earnings per share for the quarter, beating the consensus estimate of $3.72 by $0.26. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.84 billion. Arrow Electronics had a return on equity of 17.22% and a net margin of 2.73%. The company’s revenue was down 15.8% on a year-over-year basis. During the same period in the prior year, the business posted $5.69 earnings per share. On average, sell-side analysts anticipate that Arrow Electronics, Inc. will post 11.53 earnings per share for the current year.

Analysts Set New Price Targets

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

Arrow Electronics Profile

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.