Stone Ridge Asset Management LLC acquired a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 45,651 shares of the technology company’s stock, valued at approximately $3,671,000. Stone Ridge Asset Management LLC owned 0.05% of Arrow Electronics as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of ARW. Advisors Preferred LLC purchased a new stake in shares of Arrow Electronics during the fourth quarter valued at approximately $121,000. Cerebellum GP LLC purchased a new stake in shares of Arrow Electronics during the fourth quarter valued at approximately $132,000. Advisor Group Inc. raised its stake in shares of Arrow Electronics by 76.1% during the third quarter. Advisor Group Inc. now owns 1,819 shares of the technology company’s stock valued at $145,000 after purchasing an additional 786 shares during the period. Calton & Associates Inc. purchased a new stake in shares of Arrow Electronics during the fourth quarter valued at approximately $156,000. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of Arrow Electronics during the fourth quarter valued at approximately $160,000. Institutional investors own 93.64% of the company’s stock.
In other news, insider Mary Catherine Morris sold 3,545 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $82.43, for a total transaction of $292,214.35. Following the completion of the transaction, the insider now owns 20,742 shares of the company’s stock, valued at $1,709,763.06. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Michael J. Long sold 50,988 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $82.93, for a total transaction of $4,228,434.84. Following the transaction, the chairman now directly owns 438,636 shares of the company’s stock, valued at approximately $36,376,083.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,113 shares of company stock valued at $4,898,398. 1.20% of the stock is currently owned by corporate insiders.
Arrow Electronics, Inc. (ARW) opened at $81.54 on Monday. The company has a market cap of $7,151.84, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 0.95 and a beta of 1.12. The company has a quick ratio of 1.15, a current ratio of 1.56 and a debt-to-equity ratio of 0.59. Arrow Electronics, Inc. has a 1-year low of $69.67 and a 1-year high of $87.26.
Arrow Electronics (NYSE:ARW) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.21. The firm had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.46 billion. Arrow Electronics had a net margin of 1.50% and a return on equity of 14.12%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.00 earnings per share. equities analysts forecast that Arrow Electronics, Inc. will post 8.47 EPS for the current year.
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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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