Russell Investments Group Ltd. Grows Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Russell Investments Group Ltd. grew its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 32.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,053 shares of the technology company’s stock after buying an additional 21,827 shares during the quarter. Russell Investments Group Ltd. owned 0.17% of Arrow Electronics worth $11,010,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC acquired a new stake in shares of Arrow Electronics during the 4th quarter valued at approximately $58,000. Vinva Investment Management Ltd raised its position in shares of Arrow Electronics by 4.7% during the 3rd quarter. Vinva Investment Management Ltd now owns 1,888 shares of the technology company’s stock valued at $243,000 after acquiring an additional 85 shares in the last quarter. Riverwater Partners LLC raised its position in shares of Arrow Electronics by 18.1% during the 4th quarter. Riverwater Partners LLC now owns 1,946 shares of the technology company’s stock valued at $238,000 after acquiring an additional 298 shares in the last quarter. Blue Trust Inc. raised its position in shares of Arrow Electronics by 14.4% during the 4th quarter. Blue Trust Inc. now owns 1,987 shares of the technology company’s stock valued at $249,000 after acquiring an additional 250 shares in the last quarter. Finally, Paulson Wealth Management Inc. raised its position in shares of Arrow Electronics by 17.6% during the 3rd quarter. Paulson Wealth Management Inc. now owns 1,993 shares of the technology company’s stock valued at $250,000 after acquiring an additional 298 shares in the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Arrow Electronics news, CAO Yun Sung Cho sold 739 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $117.22, for a total value of $86,625.58. Following the sale, the chief accounting officer now directly owns 1,389 shares of the company’s stock, valued at $162,818.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Arrow Electronics news, CAO Yun Sung Cho sold 739 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $117.22, for a total value of $86,625.58. Following the sale, the chief accounting officer now directly owns 1,389 shares of the company’s stock, valued at $162,818.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard John Marano sold 1,900 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $116.46, for a total value of $221,274.00. Following the completion of the transaction, 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. Insiders have sold 4,134 shares of company stock valued at $488,795 over the last three months. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial dropped their price target 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 Stock Performance

ARW stock opened at $124.89 on Monday. Arrow Electronics, Inc. has a 12-month low of $108.51 and a 12-month high of $147.42. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.46. The stock’s 50 day simple moving average is $123.70 and its 200 day simple moving average is $119.61. The firm has a market cap of $6.74 billion, a P/E ratio of 9.82 and a beta of 1.39.

Arrow Electronics (NYSE:ARW) last issued its earnings results on Thursday, May 2nd. The technology company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.04. Arrow Electronics had a return on equity of 14.61% and a net margin of 2.28%. The firm had revenue of $6.92 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same period last year, the company earned $4.60 earnings per share. The firm’s revenue for the quarter was down 20.7% on a year-over-year basis. As a group, equities research analysts predict that Arrow Electronics, Inc. will post 11.53 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.