Alaska Permanent Fund Corp Purchases 633 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Alaska Permanent Fund Corp raised its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,033 shares of the technology company’s stock after acquiring an additional 633 shares during the period. Alaska Permanent Fund Corp’s holdings in Arrow Electronics were worth $2,205,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ARW. IFP Advisors Inc increased its position in Arrow Electronics by 33.0% during the third quarter. IFP Advisors Inc now owns 403 shares of the technology company’s stock valued at $50,000 after acquiring an additional 100 shares during the last quarter. HB Wealth Management LLC bought a new position in shares of Arrow Electronics in the third quarter worth about $202,000. SG Americas Securities LLC grew its holdings in shares of Arrow Electronics by 199.6% in the third quarter. SG Americas Securities LLC now owns 10,100 shares of the technology company’s stock worth $1,265,000 after purchasing an additional 6,729 shares during the last quarter. CreativeOne Wealth LLC grew its holdings in shares of Arrow Electronics by 10.3% in the third quarter. CreativeOne Wealth LLC now owns 2,030 shares of the technology company’s stock worth $254,000 after purchasing an additional 189 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of Arrow Electronics by 13.2% in the third quarter. Handelsbanken Fonder AB now owns 13,700 shares of the technology company’s stock worth $1,716,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, CAO Yun Sung Cho sold 739 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $117.22, for a total transaction of $86,625.58. Following the completion of the sale, the chief accounting officer now directly owns 1,389 shares of the company’s stock, valued at $162,818.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Arrow Electronics news, CAO Yun Sung Cho sold 739 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $117.22, for a total transaction of $86,625.58. Following the completion of the sale, the chief accounting officer now directly owns 1,389 shares of the company’s stock, valued at $162,818.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Richard John Marano sold 1,900 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $116.46, for a total transaction 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 $1,410,097.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,134 shares of company stock valued at $488,795. 1.00% of the stock is currently owned by insiders.

Arrow Electronics Stock Up 0.2 %

NYSE:ARW opened at $127.81 on Friday. Arrow Electronics, Inc. has a 1-year low of $108.51 and a 1-year high of $147.42. The company has a 50-day moving average of $122.37 and a 200 day moving average of $119.20. The firm has a market cap of $6.90 billion, a PE ratio of 8.09 and a beta of 1.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.39 and a quick ratio of 1.00.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $3.98 earnings per share for the quarter, topping analysts’ consensus estimates of $3.72 by $0.26. Arrow Electronics had a net margin of 2.73% and a return on equity of 17.22%. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same period in the prior year, the firm earned $5.69 earnings per share. The firm’s revenue for the quarter was down 15.8% compared to the same quarter last year. As a group, research analysts anticipate that Arrow Electronics, Inc. will post 11.53 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Truist Financial cut their price target on shares of Arrow Electronics from $128.00 to $124.00 and set a “hold” rating on the stock in a report on Friday, February 9th.

About Arrow Electronics

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.