DekaBank Deutsche Girozentrale elevated its stake in Arrow Electronics, Inc. (NYSE:ARW – Get Ranking) by 11.9% in the course of the 1st quarter, in keeping with its most up-to-date disclosure with the Securities and Change Fee. The fund owned 51,515 shares of the know-how firm’s inventory after buying a further 5,482 shares in the course of the quarter. DekaBank Deutsche Girozentrale owned 0.08% of Arrow Electronics price $6,226,000 on the finish of the latest quarter.
Different institutional traders have additionally added to or diminished their stakes within the firm. Diversified Belief Co purchased a brand new place in Arrow Electronics within the first quarter price roughly $418,000. HighTower Advisors LLC raised its place in Arrow Electronics by 212.0% within the fourth quarter. HighTower Advisors LLC now owns 17,517 shares of the know-how firm’s inventory price $2,347,000 after buying a further 11,902 shares in the course of the interval. CWM LLC purchased a brand new place in Arrow Electronics within the fourth quarter price roughly $43,000. Sciencast Administration LP raised its place in Arrow Electronics by 449.7% within the first quarter. Sciencast Administration LP now owns 13,192 shares of the know-how firm’s inventory price $1,480,000 after buying a further 10,792 shares in the course of the interval. Lastly, Nationwide Asset Administration Inc. raised its place in Arrow Electronics by 7.0% within the fourth quarter. Nationwide Asset Administration Inc. now owns 3,202 shares of the know-how firm’s inventory price $430,000 after buying a further 209 shares in the course of the interval. 93.38% of the inventory is at the moment owned by institutional traders.
Insider Shopping for and Promoting at Arrow Electronics
In different Arrow Electronics information, Director Andrew Charles Kerin bought 1,550 shares of Arrow Electronics inventory in a transaction on Friday, Might thirteenth. The shares have been bought at a median worth of $125.11, for a complete worth of $193,920.50. The sale was disclosed in a submitting with the SEC, which will be accessed by means of this hyperlink. In different Arrow Electronics information, SVP Vincent P. Melvin bought 5,334 shares of Arrow Electronics inventory in a transaction on Thursday, Might nineteenth. The shares have been bought at a median worth of $122.26, for a complete worth of $652,134.84. Following the completion of the transaction, the senior vp now immediately owns 25,381 shares of the corporate’s inventory, valued at roughly $3,103,081.06. The sale was disclosed in a submitting with the Securities & Change Fee, which is accessible by means of this hyperlink. Additionally, Director Andrew Charles Kerin bought 1,550 shares of Arrow Electronics inventory in a transaction on Friday, Might thirteenth. The inventory was bought at a median worth of $125.11, for a complete transaction of $193,920.50. The disclosure for this sale will be discovered right here. Within the final ninety days, insiders have bought 29,475 shares of firm inventory price $3,648,254. Insiders personal 1.00% of the corporate’s inventory.
Analyst Scores Modifications
A number of analysis analysts have weighed in on the inventory. StockNews.com upgraded shares of Arrow Electronics from a “purchase” score to a “strong-buy” score in a analysis report on Saturday, Might twenty eighth. The Goldman Sachs Group decreased their worth goal on shares of Arrow Electronics from $158.00 to $127.00 in a analysis report on Friday. Lastly, Truist Monetary decreased their worth goal on shares of Arrow Electronics from $143.00 to $126.00 and set a “maintain” score on the inventory in a analysis report on Friday, April eighth.
Arrow Electronics Inventory Up 0.9%
Shares of ARW inventory opened at $113.67 on Monday. The corporate has a debt-to-equity ratio of 0.51, a present ratio of 1.49 and a fast ratio of 1.06. The corporate has a market capitalization of $7.51 billion, a price-to-earnings ratio of 6.39, a PEG ratio of 1.68 and a beta of 1.34. The corporate’s fifty-day shifting common worth is $116.36 and its 200-day shifting common worth is $120.36. Arrow Electronics, Inc. has a one yr low of $105.33 and a one yr excessive of $137.95.
Arrow Electronics (NYSE:ARW – Get Ranking) final introduced its quarterly earnings outcomes on Thursday, Might fifth. The know-how firm reported $5.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.53 by $0.90. The corporate had income of $9.07 billion for the quarter, in comparison with the consensus estimate of $8.71 billion. Arrow Electronics had a internet margin of three.60% and a return on fairness of 24.40%. Arrow Electronics’s income for the quarter was up 8.2% in comparison with the identical quarter final yr. Throughout the identical interval within the earlier yr, the agency posted $2.84 EPS. Promote-side analysts anticipate that Arrow Electronics, Inc. will submit 21.59 EPS for the present fiscal yr.
Arrow Electronics Firm Profile
Arrow Electronics, Inc supplies merchandise, providers, and options to industrial and business customers of digital elements and enterprise computing options within the Americas, Europe, the Center East, Africa, and the Asia Pacific. The corporate operates in two segments, International Parts and International Enterprise Computing Options.
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