AMH Equity Ltd Invests $3.67 Million in Arrow Electronics, Inc. (NYSE:ARW)

AMH Equity Ltd bought a new stake in Arrow Electronics, Inc. (NYSE:ARW) during the fourth quarter, Holdings Channel reports. The firm bought 30,000 shares of the technology company’s stock, valued at approximately $3,668,000. Arrow Electronics makes up about 3.3% of AMH Equity Ltd’s portfolio, making the stock its 9th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Two Point Capital Management Inc. boosted its holdings in Arrow Electronics by 8.2% in the 4th quarter. Two Point Capital Management Inc. now owns 21,269 shares of the technology company’s stock valued at $2,600,000 after purchasing an additional 1,607 shares during the period. Alaska Permanent Fund Corp lifted its holdings in shares of Arrow Electronics by 3.6% during the 4th quarter. Alaska Permanent Fund Corp now owns 18,033 shares of the technology company’s stock worth $2,205,000 after acquiring an additional 633 shares during the period. South Dakota Investment Council lifted its holdings in shares of Arrow Electronics by 3.6% during the 4th quarter. South Dakota Investment Council now owns 77,256 shares of the technology company’s stock worth $9,445,000 after acquiring an additional 2,700 shares during the period. GAMMA Investing LLC bought a new position in Arrow Electronics during the 4th quarter valued at about $58,000. Finally, Foster & Motley Inc. lifted its holdings in Arrow Electronics by 3.3% during the 4th quarter. Foster & Motley Inc. now owns 8,552 shares of the technology company’s stock valued at $1,045,000 after purchasing an additional 271 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Truist Financial lowered their price objective on shares of Arrow Electronics from $128.00 to $124.00 and set a “hold” rating for the company in a research report on Friday, February 9th.

Arrow Electronics Stock Performance

Shares of ARW opened at $128.58 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.39. Arrow Electronics, Inc. has a twelve month low of $108.51 and a twelve month high of $147.42. The firm’s 50 day moving average price is $122.66 and its two-hundred day moving average price is $119.25. The firm has a market cap of $6.94 billion, a P/E ratio of 8.14 and a beta of 1.41.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $3.98 EPS for the quarter, topping analysts’ consensus estimates of $3.72 by $0.26. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.84 billion. Arrow Electronics had a net margin of 2.73% and a return on equity of 17.22%. The firm’s revenue for the quarter was down 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.69 earnings per share. On average, analysts forecast that Arrow Electronics, Inc. will post 11.53 EPS for the current fiscal year.

Insider Buying and Selling

In other Arrow Electronics news, insider Richard John Marano sold 1,900 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $116.46, for a total value of $221,274.00. Following the transaction, the insider now directly owns 12,108 shares in the company, valued at $1,410,097.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $121.00, for a total transaction of $180,895.00. Following the completion of the sale, the senior vice president now owns 15,271 shares of the company’s stock, valued at $1,847,791. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard John Marano sold 1,900 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $116.46, for a total transaction of $221,274.00. Following the sale, the insider now directly owns 12,108 shares of the company’s stock, valued at approximately $1,410,097.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,134 shares of company stock worth $488,795. Insiders own 1.00% of the company’s stock.

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.