Zurcher Kantonalbank Zurich Cantonalbank Has $1.39 Million Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Arrow Electronics, Inc. (NYSE:ARW) by 20.6% during the 4th quarter, Holdings Channel reports. The firm owned 11,403 shares of the technology company’s stock after purchasing an additional 1,944 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Arrow Electronics were worth $1,394,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in Arrow Electronics by 2.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,957,225 shares of the technology company’s stock worth $245,123,000 after buying an additional 43,790 shares in the last quarter. Greenhaven Associates Inc. lifted its position in Arrow Electronics by 3.9% during the 4th quarter. Greenhaven Associates Inc. now owns 1,826,528 shares of the technology company’s stock worth $223,293,000 after buying an additional 69,400 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Arrow Electronics by 42.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,164,451 shares of the technology company’s stock worth $145,244,000 after buying an additional 349,561 shares in the last quarter. Earnest Partners LLC lifted its position in Arrow Electronics by 5.6% during the 3rd quarter. Earnest Partners LLC now owns 1,149,992 shares of the technology company’s stock valued at $144,025,000 after purchasing an additional 60,873 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Arrow Electronics by 67.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 946,398 shares of the technology company’s stock valued at $118,527,000 after purchasing an additional 380,383 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 cut their target price on shares of Arrow Electronics from $128.00 to $124.00 and set a “hold” rating on the stock in a research report on Friday, February 9th.

Arrow Electronics Stock Performance

Arrow Electronics stock opened at $127.81 on Friday. 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 market cap of $6.90 billion, a PE ratio of 8.12 and a beta of 1.41. The company’s 50-day moving average is $122.08 and its two-hundred day moving average is $119.14.

Arrow Electronics (NYSE:ARW) last released 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. Arrow Electronics had a net margin of 2.73% and a return on equity of 17.22%. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same period in the prior year, the company posted $5.69 EPS. The company’s revenue was down 15.8% compared to the same quarter last year. Equities analysts anticipate that Arrow Electronics, Inc. will post 11.53 earnings per share for the current year.

Insider Buying and Selling

In other Arrow Electronics news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $121.00, for a total value of $180,895.00. Following the completion of the sale, the senior vice president now owns 15,271 shares of the company’s stock, valued at $1,847,791. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Yun Sung Cho sold 739 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $117.22, for a total transaction of $86,625.58. Following the sale, the chief accounting officer now 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 is available at the SEC website. Also, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total value of $180,895.00. Following the sale, the senior vice president now directly 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 4,134 shares of company stock valued at $488,795 in the last 90 days. 1.00% of the stock is owned by 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.