Wealth Enhancement Advisory Services LLC Boosts Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

Wealth Enhancement Advisory Services LLC grew its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,882 shares of the technology company’s stock after purchasing an additional 546 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Arrow Electronics were worth $1,005,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BOK Financial Private Wealth Inc. bought a new position in Arrow Electronics during the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. bought a new position in shares of Arrow Electronics during the 4th quarter valued at $31,000. New Age Alpha Advisors LLC purchased a new position in Arrow Electronics in the 4th quarter worth $47,000. Principal Securities Inc. lifted its stake in Arrow Electronics by 35.7% in the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock worth $54,000 after purchasing an additional 126 shares during the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in Arrow Electronics in the fourth quarter worth $55,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Arrow Electronics Stock Up 1.1%

Shares of NYSE:ARW opened at $122.06 on Monday. The stock has a market capitalization of $6.33 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 0.52 and a beta of 1.09. The stock’s 50-day moving average price is $111.07 and its 200-day moving average price is $112.20. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. Arrow Electronics, Inc. has a 12-month low of $86.50 and a 12-month high of $137.80.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.33. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.32 billion. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. Arrow Electronics’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $2.41 EPS. On average, equities analysts anticipate 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, insider Eric Nowak sold 4,952 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $122.39, for a total transaction of $606,075.28. Following the completion of the transaction, the insider now owns 43,895 shares of the company’s stock, valued at $5,372,309.05. This represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gail Hamilton sold 1,458 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $122.39, for a total value of $178,444.62. Following the transaction, the director now directly owns 101 shares in the company, valued at $12,361.39. This trade represents a 93.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate 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.