Raymond James Financial Services Advisors Inc. Acquires 164 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Raymond James Financial Services Advisors Inc. increased its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 7.1% during the 4th quarter, HoldingsChannel reports. The firm owned 2,466 shares of the technology company’s stock after buying an additional 164 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Arrow Electronics were worth $301,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ARW. Vinva Investment Management Ltd boosted its stake in Arrow Electronics by 4.7% during the third quarter. Vinva Investment Management Ltd now owns 1,888 shares of the technology company’s stock worth $243,000 after buying an additional 85 shares during the period. IFP Advisors Inc boosted its stake in Arrow Electronics by 33.0% during the third quarter. IFP Advisors Inc now owns 403 shares of the technology company’s stock worth $50,000 after buying an additional 100 shares during the period. Nilsine Partners LLC boosted its stake in Arrow Electronics by 2.3% during the third quarter. Nilsine Partners LLC now owns 4,861 shares of the technology company’s stock worth $609,000 after buying an additional 110 shares during the period. Treasurer of the State of North Carolina boosted its stake in Arrow Electronics by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 25,163 shares of the technology company’s stock worth $3,151,000 after buying an additional 130 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Arrow Electronics by 1.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 10,883 shares of the technology company’s stock worth $1,363,000 after buying an additional 137 shares during the period. Institutional investors own 99.34% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial dropped their price objective 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.

Arrow Electronics Stock Up 1.4 %

Shares of ARW opened at $123.37 on Tuesday. The firm has a market capitalization of $6.66 billion, a P/E ratio of 7.81 and a beta of 1.41. Arrow Electronics, Inc. has a 12-month low of $108.51 and a 12-month high of $147.42. The company has a current ratio of 1.39, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average price of $121.47 and a 200-day moving average price of $119.04.

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

Insider Activity

In other news, CAO Yun Sung Cho sold 739 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $117.22, for a total transaction of $86,625.58. Following the completion of the sale, the chief accounting officer now directly 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 can be accessed through the SEC website. In related news, CAO Yun Sung Cho sold 739 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were 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 directly owns 1,389 shares of the company’s stock, valued at $162,818.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Richard John Marano sold 1,900 shares of the company’s 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 completion of the sale, the insider now directly owns 12,108 shares of the company’s stock, valued at $1,410,097.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,134 shares of company stock valued at $488,795. 0.60% of the stock is currently owned by company insiders.

Arrow Electronics Company 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.