Arrow Electronics, Inc. (NYSE:ARW) Shares Bought by Ossiam
by Mitch Edgeman · The Markets Daily
Ossiam raised its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 121.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 933 shares of the technology company’s stock after acquiring an additional 511 shares during the quarter. Ossiam’s holdings in Arrow Electronics were worth $134,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in ARW. SouthState Corp purchased a new position in Arrow Electronics in the second quarter valued at approximately $32,000. Brown Brothers Harriman & Co. purchased a new position in shares of Arrow Electronics in the 1st quarter valued at $52,000. Steward Partners Investment Advisory LLC grew its position in shares of Arrow Electronics by 34.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 837 shares of the technology company’s stock valued at $88,000 after buying an additional 213 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Arrow Electronics during the 2nd quarter worth $97,000. Finally, Covestor Ltd lifted its position in Arrow Electronics by 55.6% in the first quarter. Covestor Ltd now owns 879 shares of the technology company’s stock valued at $104,000 after acquiring an additional 314 shares during the last quarter. Institutional investors and hedge funds own 94.79% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com upgraded Arrow Electronics from a “hold” rating to a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $133.67.
Read Our Latest Analysis on Arrow Electronics
Arrow Electronics Stock Down 1.0 %
Shares of NYSE:ARW opened at $118.40 on Wednesday. Arrow Electronics, Inc. has a 1-year low of $101.01 and a 1-year high of $147.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.45 and a quick ratio of 0.96. The stock has a market cap of $6.41 billion, a P/E ratio of 6.61 and a beta of 1.39. The firm has a fifty day moving average price of $118.86 and a 200 day moving average price of $128.36.
Arrow Electronics (NYSE:ARW – Get Free Report) last announced its earnings results on Thursday, November 2nd. The technology company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates of $3.48 by $0.66. Arrow Electronics had a net margin of 3.06% and a return on equity of 19.78%. The business had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $8.09 billion. Sell-side analysts predict that Arrow Electronics, Inc. will post 16.81 EPS for the current year.
Arrow Electronics 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.
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