SG Americas Securities LLC Makes New $356,000 Investment in Arrow Electronics, Inc. (NYSE:ARW)

SG Americas Securities LLC acquired a new position in shares of Arrow Electronics, Inc. (NYSE:ARW) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,433 shares of the technology company’s stock, valued at approximately $356,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Securities Inc. boosted its stake in Arrow Electronics by 35.7% in the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock valued at $54,000 after purchasing an additional 126 shares during the period. Truist Financial Corp boosted its position in shares of Arrow Electronics by 16.5% in the fourth quarter. Truist Financial Corp now owns 5,225 shares of the technology company’s stock valued at $591,000 after acquiring an additional 741 shares during the period. Ieq Capital LLC grew its stake in shares of Arrow Electronics by 35.2% in the fourth quarter. Ieq Capital LLC now owns 8,723 shares of the technology company’s stock valued at $987,000 after acquiring an additional 2,271 shares in the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of Arrow Electronics by 211.4% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 8,678 shares of the technology company’s stock valued at $982,000 after acquiring an additional 5,891 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Arrow Electronics by 26.5% during the fourth quarter. IFP Advisors Inc now owns 630 shares of the technology company’s stock worth $71,000 after acquiring an additional 132 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America boosted their price objective on shares of Arrow Electronics from $105.00 to $110.00 and gave the company an “underperform” rating in a report on Monday, June 9th.

Arrow Electronics Price Performance

Shares of NYSE ARW opened at $126.97 on Thursday. The business has a fifty day moving average price of $118.13 and a two-hundred day moving average price of $112.67. The stock has a market capitalization of $6.59 billion, a PE ratio of 17.49, a P/E/G ratio of 0.63 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.43 and a quick ratio of 1.05. Arrow Electronics, Inc. has a fifty-two week low of $86.50 and a fifty-two week high of $137.80.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.33. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.32 billion. Arrow Electronics had a return on equity of 8.97% 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 quarter in the previous year, the firm earned $2.41 earnings per share. As a group, equities analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Insider Activity at Arrow Electronics

In related news, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $124.64, for a total transaction of $331,542.40. Following the completion of the transaction, the senior vice president now directly owns 17,057 shares in the company, valued at $2,125,984.48. This represents a 13.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gail Hamilton sold 1,458 shares of the firm’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 transaction of $178,444.62. Following the completion of the sale, the director now owns 101 shares in the company, valued at $12,361.39. This represents a 93.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,070 shares of company stock valued at $1,116,062 over the last three months. 1.00% of the stock is owned by 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.