Amalgamated Bank grew its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 6.0% during the 4th quarter, HoldingsChannel reports. The fund owned 17,879 shares of the technology company’s stock after acquiring an additional 1,019 shares during the period. Amalgamated Bank’s holdings in Arrow Electronics were worth $1,438,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Advisors Preferred LLC purchased a new position in shares of Arrow Electronics during the 4th quarter valued at $121,000. Cerebellum GP LLC purchased a new position in shares of Arrow Electronics during the 4th quarter valued at $132,000. Advisor Group Inc. grew its holdings in shares of Arrow Electronics by 76.1% during the 3rd quarter. Advisor Group Inc. now owns 1,819 shares of the technology company’s stock valued at $145,000 after acquiring an additional 786 shares in the last quarter. Calton & Associates Inc. purchased a new position in shares of Arrow Electronics during the 4th quarter valued at $156,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of Arrow Electronics during the 3rd quarter valued at $212,000. Institutional investors and hedge funds own 91.12% of the company’s stock.
Several research firms have recently commented on ARW. Pivotal Research began coverage on shares of Arrow Electronics in a report on Tuesday, February 13th. They set a “buy” rating and a $98.00 price target on the stock. Raymond James Financial upgraded shares of Arrow Electronics from a “market perform” rating to a “strong-buy” rating and set a $93.00 price target on the stock in a report on Monday, February 12th. Finally, Zacks Investment Research cut shares of Arrow Electronics from a “buy” rating to a “hold” rating in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $89.80.
Shares of Arrow Electronics, Inc. (NYSE ARW) opened at $81.54 on Friday. The stock has a market cap of $7,370.00, a price-to-earnings ratio of 13.89, a P/E/G ratio of 0.92 and a beta of 1.12. Arrow Electronics, Inc. has a fifty-two week low of $69.67 and a fifty-two week high of $87.26. 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 (NYSE:ARW) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $2.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.21. The firm had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.46 billion. Arrow Electronics had a net margin of 1.50% and a return on equity of 14.12%. Arrow Electronics’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.00 earnings per share. analysts anticipate that Arrow Electronics, Inc. will post 8.47 EPS for the current fiscal year.
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Arrow Electronics Company 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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