Swiss National Bank increased its position in Arrow Electronics, Inc. (NYSE:ARW) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 327,248 shares of the technology company’s stock after purchasing an additional 3,100 shares during the quarter. Swiss National Bank owned approximately 371,999.55% of Arrow Electronics worth $26,314,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of ARW. Advisory Services Network LLC raised its holdings in shares of Arrow Electronics by 489.5% in the 2nd quarter. Advisory Services Network LLC now owns 1,409 shares of the technology company’s stock valued at $110,000 after purchasing an additional 1,170 shares during the period. Paragon Capital Management Ltd bought a new stake in shares of Arrow Electronics in the 3rd quarter valued at about $201,000. Advisor Partners LLC raised its holdings in shares of Arrow Electronics by 2.6% in the 2nd quarter. Advisor Partners LLC now owns 2,802 shares of the technology company’s stock valued at $220,000 after purchasing an additional 71 shares during the period. Timber Hill LLC bought a new stake in shares of Arrow Electronics in the 2nd quarter valued at about $234,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Arrow Electronics in the 3rd quarter valued at about $244,000. 93.13% of the stock is currently owned by institutional investors.
Arrow Electronics, Inc. (NYSE:ARW) opened at $77.63 on Friday. The firm has a market cap of $6,960.00, a PE ratio of 11.02, a price-to-earnings-growth ratio of 0.93 and a beta of 1.20. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.57. Arrow Electronics, Inc. has a fifty-two week low of $65.51 and a fifty-two week high of $84.53.
Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.82 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.82. The firm had revenue of $6.95 billion for the quarter, compared to analysts’ expectations of $6.58 billion. Arrow Electronics had a net margin of 2.00% and a return on equity of 13.63%. The business’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.56 EPS. equities research analysts anticipate that Arrow Electronics, Inc. will post 7.35 earnings per share for the current year.
A number of equities research analysts have recently issued reports on ARW shares. Zacks Investment Research cut shares of Arrow Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Stifel Nicolaus reissued a “buy” rating and issued a $86.00 price target on shares of Arrow Electronics in a report on Tuesday, September 12th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $81.00 price target (up from $76.00) on shares of Arrow Electronics in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $83.25.
In other Arrow Electronics news, Director Gail Hamilton sold 4,800 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $78.33, for a total value of $375,984.00. Following the transaction, the director now directly owns 91 shares of the company’s stock, valued at approximately $7,128.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew R. Anderson sold 1,416 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $79.00, for a total transaction of $111,864.00. Following the completion of the transaction, the senior vice president now directly owns 1,416 shares in the company, valued at $111,864. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,693 shares of company stock worth $833,293. Insiders own 1.20% of the company’s stock.
About Arrow Electronics
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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