Premia Global Advisors LLC Invests $264,000 in Arrow Electronics, Inc. (ARW) Stock

Premia Global Advisors LLC bought a new stake in Arrow Electronics, Inc. (NYSE:ARW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,289 shares of the technology company’s stock, valued at approximately $264,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Arrow Electronics by 1.8% in the fourth quarter. BlackRock Inc. now owns 8,300,258 shares of the technology company’s stock valued at $667,422,000 after buying an additional 150,230 shares during the period. Longview Partners Guernsey LTD lifted its holdings in Arrow Electronics by 0.6% in the fourth quarter. Longview Partners Guernsey LTD now owns 2,953,321 shares of the technology company’s stock valued at $237,477,000 after buying an additional 17,217 shares during the period. LSV Asset Management lifted its holdings in Arrow Electronics by 0.9% in the fourth quarter. LSV Asset Management now owns 2,264,525 shares of the technology company’s stock valued at $182,090,000 after buying an additional 19,185 shares during the period. Kiltearn Partners LLP increased its stake in Arrow Electronics by 1.6% in the fourth quarter. Kiltearn Partners LLP now owns 1,623,700 shares of the technology company’s stock valued at $130,562,000 after purchasing an additional 26,300 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Arrow Electronics by 6.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,595,679 shares of the technology company’s stock valued at $128,308,000 after purchasing an additional 97,590 shares in the last quarter. Institutional investors and hedge funds own 93.64% of the company’s stock.

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Shares of Arrow Electronics, Inc. (NYSE ARW) opened at $81.61 on Tuesday. Arrow Electronics, Inc. has a 52 week low of $69.67 and a 52 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. The firm has a market cap of $7,151.84, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 0.95 and a beta of 1.12.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.21. Arrow Electronics had a net margin of 1.50% and a return on equity of 14.12%. The firm had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.46 billion. During the same period in the previous year, the firm posted $2.00 earnings per share. The business’s revenue was up 18.5% compared to the same quarter last year. equities research analysts predict that Arrow Electronics, Inc. will post 8.47 EPS for the current year.

ARW has been the subject of several research analyst reports. Raymond James Financial raised shares of Arrow Electronics from a “market perform” rating to a “strong-buy” rating and set a $93.00 price target for the company in a research note on Monday, February 12th. Zacks Investment Research downgraded shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, Pivotal Research initiated coverage on shares of Arrow Electronics in a research note on Tuesday, February 13th. They issued a “buy” rating and a $98.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $89.80.

In other news, Chairman Michael J. Long sold 50,988 shares of the business’s stock in a transaction dated 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 completion of the sale, the chairman now directly owns 438,636 shares of the company’s stock, valued at $36,376,083.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Vincent P. Melvin sold 3,125 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $82.64, for a total transaction of $258,250.00. Following the sale, the insider now directly owns 18,371 shares of the company’s stock, valued at $1,518,179.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,113 shares of company stock valued at $4,898,398. Insiders own 1.20% of the company’s stock.

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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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Institutional Ownership by Quarter for Arrow Electronics (NYSE:ARW)

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