Mackenzie Financial Corp Has $4.95 Million Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Mackenzie Financial Corp grew its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 182.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 40,472 shares of the technology company’s stock after acquiring an additional 26,142 shares during the period. Mackenzie Financial Corp’s holdings in Arrow Electronics were worth $4,948,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Strs Ohio boosted its stake in shares of Arrow Electronics by 0.6% in the 4th quarter. Strs Ohio now owns 18,681 shares of the technology company’s stock worth $2,283,000 after buying an additional 120 shares during the last quarter. Lecap Asset Management Ltd. purchased a new stake in Arrow Electronics during the fourth quarter worth about $1,259,000. Louisiana State Employees Retirement System bought a new position in shares of Arrow Electronics during the 4th quarter valued at approximately $1,858,000. Sapient Capital LLC bought a new stake in shares of Arrow Electronics in the 4th quarter worth approximately $509,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Arrow Electronics by 58.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 122,987 shares of the technology company’s stock valued at $15,035,000 after purchasing an additional 45,373 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at Arrow Electronics

In related news, 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 owns 1,389 shares of the company’s stock, valued at $162,818.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Yun Sung Cho sold 739 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 1,389 shares of the company’s stock, valued at approximately $162,818.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $121.00, for a total transaction of $180,895.00. Following the sale, the senior vice president now owns 15,271 shares in the company, valued at approximately $1,847,791. The disclosure for this sale can be found here. Insiders have sold a total of 4,134 shares of company stock worth $488,795 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Arrow Electronics Price Performance

NYSE:ARW opened at $121.71 on Monday. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 7.71 and a beta of 1.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.39. The stock has a fifty day moving average of $121.27 and a 200 day moving average of $119.02. Arrow Electronics, Inc. has a 52-week low of $108.51 and a 52-week high of $147.42.

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

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.