Park Avenue Securities LLC Buys 116 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Park Avenue Securities LLC raised its stake in shares of Arrow Electronics, Inc. (NYSE:ARW – Get Rating) by 2.9% in the 3rd quarter, Holdings Channel reports. The firm owned 4,059 shares of the technology company’s stock after acquiring an additional 116 shares during the period. Park Avenue Securities LLC’s holdings in Arrow Electronics were worth $374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. boosted its holdings in shares of Arrow Electronics by 830.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 307 shares of the technology company’s stock valued at $34,000 after purchasing an additional 274 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Arrow Electronics in the 1st quarter valued at about $52,000. CWM LLC lifted its holdings in shares of Arrow Electronics by 103.2% in the 2nd quarter. CWM LLC now owns 640 shares of the technology company’s stock valued at $72,000 after acquiring an additional 325 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Arrow Electronics by 1,000.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 737 shares of the technology company’s stock valued at $83,000 after acquiring an additional 670 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Arrow Electronics by 137.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 930 shares of the technology company’s stock valued at $86,000 after acquiring an additional 538 shares during the last quarter. Institutional investors own 95.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ARW shares. Stifel Nicolaus lowered their price target on shares of Arrow Electronics from $130.00 to $105.00 and set a “hold” rating for the company in a report on Monday, October 10th. StockNews.com started coverage on shares of Arrow Electronics in a report on Wednesday, October 12th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Arrow Electronics presently has an average rating of “Hold” and a consensus price target of $127.00.

Insiders Place Their Bets

In other Arrow Electronics news, SVP Vincent P. Melvin sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $112.03, for a total value of $672,180.00. Following the completion of the sale, the senior vice president now owns 19,381 shares of the company’s stock, valued at $2,171,253.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Arrow Electronics Stock Up 1.4 %

Shares of NYSE ARW opened at $114.90 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.50 and a quick ratio of 1.06. The company has a market cap of $7.07 billion, a P/E ratio of 5.37, a PEG ratio of 1.81 and a beta of 1.37. Arrow Electronics, Inc. has a 1 year low of $89.38 and a 1 year high of $131.76. The firm has a 50-day simple moving average of $108.01 and a two-hundred day simple moving average of $106.59.

Arrow Electronics (NYSE:ARW – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The technology company reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.36 by $0.09. The business had revenue of $9.27 billion during the quarter, compared to the consensus estimate of $9.28 billion. Arrow Electronics had a net margin of 3.93% and a return on equity of 27.82%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.04 earnings per share. Research analysts anticipate that Arrow Electronics, Inc. will post 22.36 earnings per share for the current year.

Arrow Electronics Profile

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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.