abrdn plc Has $2.31 Million Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

abrdn plc grew its position in Arrow Electronics, Inc. (NYSE:ARW) by 91.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,905 shares of the technology company’s stock after buying an additional 9,044 shares during the period. abrdn plc’s holdings in Arrow Electronics were worth $2,311,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Financial Group LLC acquired a new position in shares of Arrow Electronics in the 3rd quarter valued at $25,000. IFP Advisors Inc boosted its stake in Arrow Electronics by 33.0% in the 3rd quarter. IFP Advisors Inc now owns 403 shares of the technology company’s stock worth $50,000 after purchasing an additional 100 shares during the period. Riverwater Partners LLC boosted its stake in Arrow Electronics by 18.1% in the 4th quarter. Riverwater Partners LLC now owns 1,946 shares of the technology company’s stock worth $238,000 after purchasing an additional 298 shares during the period. Vinva Investment Management Ltd boosted its stake in Arrow Electronics by 4.7% in the 3rd quarter. Vinva Investment Management Ltd now owns 1,888 shares of the technology company’s stock worth $243,000 after purchasing an additional 85 shares during the period. Finally, Blue Trust Inc. boosted its stake in Arrow Electronics by 14.4% in the 4th quarter. Blue Trust Inc. now owns 1,987 shares of the technology company’s stock worth $249,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Arrow Electronics Price Performance

Shares of NYSE ARW opened at $128.58 on Monday. The firm has a market cap of $6.94 billion, a PE ratio of 8.14 and a beta of 1.41. 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 1-year low of $108.51 and a 1-year high of $147.42. The company has a fifty day moving average price of $122.66 and a 200 day moving average price of $119.26.

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

Analyst Ratings Changes

Separately, Truist Financial reduced their target price on shares of Arrow Electronics from $128.00 to $124.00 and set a “hold” rating for the company in a research note on Friday, February 9th.

Insider Transactions at Arrow Electronics

In other news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $121.00, for a total transaction of $180,895.00. Following the completion of the transaction, the senior vice president now directly owns 15,271 shares in the company, valued at approximately $1,847,791. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $121.00, for a total transaction of $180,895.00. Following the completion of the transaction, the senior vice president now directly owns 15,271 shares in the company, valued at approximately $1,847,791. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Richard John Marano sold 1,900 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $116.46, for a total transaction of $221,274.00. Following the transaction, the insider now owns 12,108 shares of the company’s stock, valued at $1,410,097.68. The disclosure for this sale can be found here. Insiders sold a total of 4,134 shares of company stock worth $488,795 in the last three months. Insiders own 1.00% of the company’s stock.

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.