3,182 Shares in Arrow Electronics, Inc. (NYSE:ARW) Acquired by iSAM Funds UK Ltd

iSAM Funds UK Ltd bought a new stake in Arrow Electronics, Inc. (NYSE:ARW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,182 shares of the technology company’s stock, valued at approximately $360,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Twinbeech Capital LP bought a new position in shares of Arrow Electronics in the 4th quarter valued at $1,017,000. Tidal Investments LLC increased its holdings in Arrow Electronics by 1,666.9% in the 4th quarter. Tidal Investments LLC now owns 127,620 shares of the technology company’s stock worth $14,436,000 after purchasing an additional 120,397 shares in the last quarter. Sherbrooke Park Advisers LLC raised its position in Arrow Electronics by 56.1% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 2,491 shares of the technology company’s stock valued at $282,000 after purchasing an additional 895 shares during the last quarter. ProShare Advisors LLC raised its position in Arrow Electronics by 6.6% in the fourth quarter. ProShare Advisors LLC now owns 2,460 shares of the technology company’s stock valued at $278,000 after purchasing an additional 152 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of Arrow Electronics during the fourth quarter valued at about $789,000. Institutional investors own 99.34% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ARW. Bank of America downgraded Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Wells Fargo & Company reduced their target price on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $121.25.

Arrow Electronics Stock Down 0.3%

Shares of NYSE:ARW opened at $120.62 on Wednesday. The firm has a market cap of $6.26 billion, a P/E ratio of 16.57, a P/E/G ratio of 0.52 and a beta of 1.10. Arrow Electronics, Inc. has a 12-month low of $86.50 and a 12-month high of $137.80. The business has a fifty day simple moving average of $107.61 and a 200 day simple moving average of $112.08. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.33. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. The company had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.32 billion. During the same quarter in the prior year, the firm posted $2.41 earnings per share. The business’s quarterly revenue was down 1.6% on a year-over-year basis. Analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, Director William F. Austen acquired 1,900 shares of the stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $104.12 per share, with a total value of $197,828.00. Following the transaction, the director now owns 7,858 shares in the company, valued at approximately $818,174.96. The trade was a 31.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Eric Nowak sold 4,952 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $122.39, for a total value of $606,075.28. Following the sale, the insider now owns 43,895 shares in the company, valued at approximately $5,372,309.05. The trade was a 10.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,763 shares of company stock valued at $824,095. 1.00% of the stock is currently owned by company insiders.

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.