Foster & Motley Inc. Grows Position in Arrow Electronics, Inc. (NYSE:ARW)

Foster & Motley Inc. boosted its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,552 shares of the technology company’s stock after buying an additional 271 shares during the quarter. Foster & Motley Inc.’s holdings in Arrow Electronics were worth $1,045,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Legacy Financial Group LLC purchased a new position in shares of Arrow Electronics during the third quarter valued at approximately $25,000. IFP Advisors Inc raised its stake in Arrow Electronics by 33.0% during the 3rd quarter. IFP Advisors Inc now owns 403 shares of the technology company’s stock valued at $50,000 after buying an additional 100 shares during the last quarter. HB Wealth Management LLC bought a new position in shares of Arrow Electronics during the 3rd quarter valued at $202,000. Riverwater Partners LLC boosted its stake in shares of Arrow Electronics by 18.1% in the 4th quarter. Riverwater Partners LLC now owns 1,946 shares of the technology company’s stock worth $238,000 after buying an additional 298 shares during the last quarter. Finally, Vinva Investment Management Ltd boosted its stake in shares of Arrow Electronics by 4.7% in the 3rd quarter. Vinva Investment Management Ltd now owns 1,888 shares of the technology company’s stock worth $243,000 after buying an additional 85 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial dropped their target price on Arrow Electronics from $128.00 to $124.00 and set a “hold” rating on the stock in a research report on Friday, February 9th.

Arrow Electronics Trading Up 1.4 %

Shares of ARW stock opened at $125.01 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.39 and a quick ratio of 1.00. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 7.92 and a beta of 1.41. Arrow Electronics, Inc. has a 1 year low of $108.51 and a 1 year high of $147.42. The firm has a fifty day moving average price of $121.47 and a 200-day moving average price of $119.04.

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

Insiders Place Their Bets

In other Arrow Electronics news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $121.00, for a total value of $180,895.00. Following the completion of the transaction, the senior vice president now directly owns 15,271 shares in the company, valued at $1,847,791. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total value of $180,895.00. Following the transaction, the senior vice president now directly owns 15,271 shares of the company’s stock, valued at approximately $1,847,791. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Yun Sung Cho sold 739 shares of Arrow Electronics stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $117.22, for a total transaction of $86,625.58. Following the sale, the chief accounting officer now owns 1,389 shares in the company, valued at approximately $162,818.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,134 shares of company stock worth $488,795. Company insiders own 0.60% of the company’s stock.

About Arrow Electronics

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.