Commonwealth Equity Services LLC decreased its position in Arrow Electronics, Inc. (NYSE:ARW) by 27.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,575 shares of the technology company’s stock after selling 2,107 shares during the period. Commonwealth Equity Services LLC’s holdings in Arrow Electronics were worth $384,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of ARW. Advisors Asset Management Inc. bought a new stake in shares of Arrow Electronics during the 4th quarter valued at $31,000. Csenge Advisory Group acquired a new position in shares of Arrow Electronics during the 3rd quarter worth $32,000. Lindbrook Capital LLC acquired a new position in shares of Arrow Electronics during the 4th quarter worth $37,000. Flagship Harbor Advisors LLC raised its holdings in shares of Arrow Electronics by 3,970.6% during the 4th quarter. Flagship Harbor Advisors LLC now owns 1,384 shares of the technology company’s stock worth $95,000 after buying an additional 1,350 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Arrow Electronics by 68.0% during the 3rd quarter. Signaturefd LLC now owns 1,927 shares of the technology company’s stock worth $142,000 after buying an additional 780 shares in the last quarter. Institutional investors and hedge funds own 94.54% of the company’s stock.
A number of research firms have recently commented on ARW. Zacks Investment Research cut Arrow Electronics from a “hold” rating to a “sell” rating in a report on Thursday. Stifel Nicolaus cut Arrow Electronics from a “buy” rating to a “hold” rating and set a $75.33 target price for the company. in a report on Friday, February 1st. Finally, SunTrust Banks upped their target price on Arrow Electronics to $84.00 and gave the company a “hold” rating in a research report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $83.33.
NYSE:ARW traded up $0.82 on Friday, hitting $84.96. The stock had a trading volume of 569,140 shares, compared to its average volume of 495,380. The firm has a market cap of $7.24 billion, a P/E ratio of 9.62, a PEG ratio of 1.35 and a beta of 1.13. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.11 and a current ratio of 1.55. Arrow Electronics, Inc. has a 52 week low of $62.69 and a 52 week high of $85.50.
Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, February 7th. The technology company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.01. The business had revenue of $7.92 billion for the quarter, compared to analyst estimates of $7.94 billion. Arrow Electronics had a return on equity of 14.88% and a net margin of 2.41%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.49 earnings per share. On average, equities analysts forecast that Arrow Electronics, Inc. will post 9.07 earnings per share for the current fiscal year.
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Arrow Electronics Profile
Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. The company operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment markets and distributes semiconductor products and related services; passive, electro-mechanical, and interconnect products consisting primarily of capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other products and services.
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