Net Worth Advisory Group Buys 117 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Net Worth Advisory Group raised its stake in Arrow Electronics, Inc. (NYSE:ARW) by 1.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,724 shares of the technology company’s stock after acquiring an additional 117 shares during the quarter. Net Worth Advisory Group’s holdings in Arrow Electronics were worth $698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. bought a new position in shares of Arrow Electronics in the fourth quarter worth about $25,000. Brown Brothers Harriman & Co. bought a new position in shares of Arrow Electronics in the fourth quarter worth about $31,000. New Age Alpha Advisors LLC bought a new position in shares of Arrow Electronics in the fourth quarter worth about $47,000. Principal Securities Inc. lifted its holdings in shares of Arrow Electronics by 35.7% in the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock worth $54,000 after acquiring an additional 126 shares during the last quarter. Finally, CoreFirst Bank & Trust bought a new position in shares of Arrow Electronics in the fourth quarter worth about $55,000. Institutional investors own 99.34% of the company’s stock.

Insider Activity at Arrow Electronics

In other news, insider Eric Nowak sold 4,952 shares of Arrow Electronics stock in a transaction on Monday, May 12th. The shares were sold at an average price of $122.39, for a total value of $606,075.28. Following the completion of the sale, the insider now owns 43,895 shares in the company, valued at $5,372,309.05. The trade was a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gail Hamilton sold 1,458 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $122.39, for a total transaction of $178,444.62. Following the transaction, the director now owns 101 shares in the company, valued at $12,361.39. The trade was a 93.52% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Arrow Electronics Stock Down 0.5%

Shares of NYSE:ARW opened at $124.47 on Thursday. The firm has a market cap of $6.46 billion, a P/E ratio of 17.10, a P/E/G ratio of 0.52 and a beta of 1.09. Arrow Electronics, Inc. has a 12-month low of $86.50 and a 12-month high of $137.80. The business has a fifty day simple moving average of $112.67 and a 200 day simple moving average of $112.40. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.33. The company had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.32 billion. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.41 earnings per share. Analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Bank of America upped their price objective on Arrow Electronics from $105.00 to $110.00 and gave the company an “underperform” rating in a research note on Monday.

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.