Arrow Electronics, Inc. (ARW) Shares Bought by FDx Advisors Inc.
FDx Advisors Inc. raised its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 23.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,712 shares of the technology company’s stock after purchasing an additional 3,876 shares during the quarter. FDx Advisors Inc.’s holdings in Arrow Electronics were worth $1,665,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Arrow Electronics by 2.2% during the second quarter. Vanguard Group Inc. now owns 7,643,715 shares of the technology company’s stock worth $599,421,000 after purchasing an additional 164,059 shares during the last quarter. Boston Partners lifted its position in shares of Arrow Electronics by 0.7% during the third quarter. Boston Partners now owns 5,921,683 shares of the technology company’s stock worth $476,163,000 after purchasing an additional 41,711 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Arrow Electronics by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,423,521 shares of the technology company’s stock worth $268,476,000 after purchasing an additional 18,653 shares during the last quarter. Longview Partners Guernsey LTD lifted its position in shares of Arrow Electronics by 5.1% during the third quarter. Longview Partners Guernsey LTD now owns 2,936,104 shares of the technology company’s stock worth $236,092,000 after purchasing an additional 143,540 shares during the last quarter. Finally, LSV Asset Management increased its stake in shares of Arrow Electronics by 13.1% during the second quarter. LSV Asset Management now owns 2,142,395 shares of the technology company’s stock valued at $168,006,000 after buying an additional 248,373 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub lowered Arrow Electronics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $86.00 price target on shares of Arrow Electronics in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $83.25.
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In other Arrow Electronics news, insider Sean J. Kerins sold 4,477 shares of Arrow Electronics stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $77.16, for a total value of $345,445.32. Following the transaction, the insider now owns 26,213 shares in the company, valued at $2,022,595.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by insiders.
Arrow Electronics, Inc. (ARW) opened at $78.07 on Tuesday. Arrow Electronics, Inc. has a 52 week low of $63.93 and a 52 week high of $84.53. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $6,886.53, a PE ratio of 11.09, a price-to-earnings-growth ratio of 0.93 and a beta of 1.20.
Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, November 2nd. The technology company reported $1.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.82. Arrow Electronics had a return on equity of 13.63% and a net margin of 2.00%. The company had revenue of $6.95 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the previous year, the firm earned $1.56 earnings per share. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. equities research analysts expect that Arrow Electronics, Inc. will post 7.35 EPS for the current fiscal year.
Arrow Electronics Profile
Arrow Electronics, Inc is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from various electronic components and enterprise computing solutions suppliers.
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