abrdn plc Has $2.31 Million Holdings in Arrow Electronics, Inc. (NYSE:ARW)

abrdn plc lifted its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 91.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 18,905 shares of the technology company’s stock after acquiring an additional 9,044 shares during the quarter. abrdn plc’s holdings in Arrow Electronics were worth $2,311,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Legacy Financial Group LLC acquired a new position in shares of Arrow Electronics during the third quarter worth $25,000. IFP Advisors Inc lifted its holdings in shares of 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 purchasing an additional 100 shares during the period. Vinva Investment Management Ltd lifted its holdings in shares of 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 purchasing an additional 85 shares during the period. Riverwater Partners LLC raised its stake in Arrow Electronics by 18.1% during the fourth quarter. Riverwater Partners LLC now owns 1,946 shares of the technology company’s stock worth $238,000 after buying an additional 298 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Arrow Electronics by 14.4% during the fourth quarter. Blue Trust Inc. now owns 1,987 shares of the technology company’s stock worth $249,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial lowered their target price 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.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, CAO Yun Sung Cho sold 739 shares of Arrow Electronics stock in a transaction on 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 is available at the SEC website. In other Arrow Electronics news, insider Richard John Marano sold 1,900 shares of Arrow Electronics stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $116.46, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Yun Sung Cho sold 739 shares of Arrow Electronics 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 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. Corporate insiders own 1.00% of the company’s stock.

Arrow Electronics Price Performance

Shares of NYSE ARW opened at $128.58 on Monday. Arrow Electronics, Inc. has a twelve month low of $108.51 and a twelve month high of $147.42. The firm has a fifty day simple moving average of $122.66 and a 200 day simple moving average of $119.26. The company has a market capitalization of $6.94 billion, a PE ratio of 8.14 and a beta of 1.41. The company has a quick ratio of 1.00, a current ratio of 1.39 and a debt-to-equity ratio of 0.37.

Arrow Electronics (NYSE:ARW) last announced its earnings results on Thursday, February 8th. The technology company reported $3.98 earnings per share for the quarter, topping 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 business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same quarter last year, the firm earned $5.69 earnings per share. Arrow Electronics’s quarterly revenue was down 15.8% on a year-over-year basis. On average, sell-side analysts forecast that Arrow Electronics, Inc. will post 11.53 EPS for the current year.

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.