Hancock Whitney Corp Buys Shares of 22,894 Arrow Electronics, Inc. (NYSE:ARW)

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Hancock Whitney Corp bought a new stake in Arrow Electronics, Inc. (NYSE:ARW) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 22,894 shares of the technology company’s stock, valued at approximately $1,940,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan grew its stake in shares of Arrow Electronics by 1.1% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 15,420 shares of the technology company’s stock worth $1,307,000 after acquiring an additional 170 shares during the last quarter. Smith Graham & Co. Investment Advisors LP grew its stake in shares of Arrow Electronics by 0.3% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 61,252 shares of the technology company’s stock worth $4,568,000 after acquiring an additional 190 shares during the last quarter. World Asset Management Inc grew its stake in shares of Arrow Electronics by 3.5% during the third quarter. World Asset Management Inc now owns 7,507 shares of the technology company’s stock worth $560,000 after acquiring an additional 257 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Arrow Electronics by 53.2% during the fourth quarter. Quadrant Capital Group LLC now owns 826 shares of the technology company’s stock worth $64,000 after acquiring an additional 287 shares during the last quarter. Finally, BBVA USA Bancshares Inc. grew its stake in shares of Arrow Electronics by 5.8% during the fourth quarter. BBVA USA Bancshares Inc. now owns 6,802 shares of the technology company’s stock worth $577,000 after acquiring an additional 370 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Arrow Electronics stock opened at $79.19 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 0.54. Arrow Electronics, Inc. has a 52 week low of $62.35 and a 52 week high of $86.62. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 2.20 and a beta of 1.37. The stock has a 50-day moving average price of $81.50 and a 200 day moving average price of $77.30.

Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, February 6th. The technology company reported $2.20 EPS for the quarter, topping the Zacks’ consensus estimate of $2.17 by $0.03. Arrow Electronics had a positive return on equity of 12.67% and a negative net margin of 0.71%. The firm had revenue of $7.34 billion during the quarter, compared to the consensus estimate of $7.34 billion. During the same quarter in the previous year, the company posted $2.57 earnings per share. The company’s revenue was down 7.3% compared to the same quarter last year. Research analysts anticipate that Arrow Electronics, Inc. will post 7.56 EPS for the current fiscal year.

In related news, CEO Michael J. Long sold 60,122 shares of Arrow Electronics stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $80.45, for a total transaction of $4,836,814.90. Following the completion of the sale, the chief executive officer now owns 295,071 shares of the company’s stock, valued at $23,738,461.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

ARW has been the topic of a number of research analyst reports. Stifel Nicolaus set a $75.00 price target on Arrow Electronics and gave the stock a “hold” rating in a research note on Friday, November 1st. Raymond James restated a “buy” rating and set a $87.00 price target (up previously from $80.00) on shares of Arrow Electronics in a research note on Friday, November 1st. TheStreet upgraded Arrow Electronics from a “c+” rating to a “b-” rating in a research note on Friday, November 29th. Wells Fargo & Co lowered Arrow Electronics from an “overweight” rating to an “equal weight” rating and set a $86.00 price target on the stock. in a research note on Monday, January 13th. Finally, Bank of America set a $70.00 price target on Arrow Electronics and gave the stock a “sell” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $78.88.

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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Institutional Ownership by Quarter for Arrow Electronics (NYSE:ARW)

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