Alyeska Investment Group L.P. Has $80.08 Million Holdings in Arrow Electronics, Inc. (ARW)
Alyeska Investment Group L.P. reduced its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 8.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 995,914 shares of the technology company’s stock after selling 87,634 shares during the quarter. Alyeska Investment Group L.P. owned 1.13% of Arrow Electronics worth $80,081,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ARW. Advisory Services Network LLC raised its position in shares of Arrow Electronics by 489.5% in the second quarter. Advisory Services Network LLC now owns 1,409 shares of the technology company’s stock valued at $110,000 after purchasing an additional 1,170 shares during the period. Advisor Group Inc. raised its position in shares of Arrow Electronics by 76.1% in the third quarter. Advisor Group Inc. now owns 1,819 shares of the technology company’s stock valued at $145,000 after purchasing an additional 786 shares during the period. Paragon Capital Management Ltd bought a new position in shares of Arrow Electronics in the third quarter valued at about $201,000. Boothbay Fund Management LLC bought a new position in shares of Arrow Electronics in the third quarter valued at about $212,000. Finally, Advisor Partners LLC raised its position in shares of Arrow Electronics by 2.6% in the second quarter. Advisor Partners LLC now owns 2,802 shares of the technology company’s stock valued at $220,000 after purchasing an additional 71 shares during the period. 91.78% of the stock is currently owned by hedge funds and other institutional investors.
Arrow Electronics, Inc. (ARW) opened at $77.50 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.58 and a quick ratio of 1.13. Arrow Electronics, Inc. has a one year low of $68.55 and a one year high of $84.53. The company has a market cap of $6,777.44, a PE ratio of 10.91, a P/E/G ratio of 0.92 and a beta of 1.18.
Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.82 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.82. Arrow Electronics had a net margin of 2.00% and a return on equity of 13.63%. The business had revenue of $6.95 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same period in the prior year, the company posted $1.56 earnings per share. Arrow Electronics’s revenue was up 17.1% compared to the same quarter last year. research analysts anticipate that Arrow Electronics, Inc. will post 7.35 EPS for the current fiscal year.
In related news, insider Sean J. Kerins sold 3,816 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $78.87, for a total value of $300,967.92. Following the transaction, the insider now directly owns 25,552 shares in the company, valued at $2,015,286.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gail Hamilton sold 4,800 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $78.33, for a total transaction of $375,984.00. Following the completion of the transaction, the director now owns 91 shares in the company, valued at $7,128.03. The disclosure for this sale can be found here. Insiders sold 10,032 shares of company stock worth $788,816 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.
Several equities analysts have recently weighed in on ARW shares. Zacks Investment Research raised shares of Arrow Electronics from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research report on Thursday, August 24th. Stifel Nicolaus reissued a “buy” rating and issued a $86.00 price objective on shares of Arrow Electronics in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Arrow Electronics currently has a consensus rating of “Hold” and an average target price of $83.25.
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Arrow Electronics 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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