Transcend Capital Advisors LLC Makes New $307,000 Investment in Arrow Electronics, Inc. $ARW

Transcend Capital Advisors LLC bought a new position in Arrow Electronics, Inc. (NYSE:ARW) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,409 shares of the technology company’s stock, valued at approximately $307,000.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of Arrow Electronics by 84.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 221 shares of the technology company’s stock worth $28,000 after buying an additional 101 shares during the period. Operose Advisors LLC purchased a new position in shares of Arrow Electronics in the 1st quarter worth $31,000. Geneos Wealth Management Inc. raised its position in shares of Arrow Electronics by 68.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 353 shares of the technology company’s stock worth $37,000 after buying an additional 143 shares during the period. Golden State Wealth Management LLC raised its position in shares of Arrow Electronics by 111.7% in the 1st quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company’s stock worth $39,000 after buying an additional 200 shares during the period. Finally, Quarry LP raised its position in shares of Arrow Electronics by 321.7% in the 1st quarter. Quarry LP now owns 388 shares of the technology company’s stock worth $40,000 after buying an additional 296 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Arrow Electronics Stock Down 1.8%

Shares of NYSE ARW opened at $116.10 on Thursday. Arrow Electronics, Inc. has a 12-month low of $86.50 and a 12-month high of $137.80. The company has a market cap of $5.98 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.56 and a beta of 1.09. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average price of $122.62 and a 200 day moving average price of $121.77.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, July 31st. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.40. Arrow Electronics had a return on equity of 8.37% and a net margin of 1.64%.The firm had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the firm earned $2.78 EPS. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. Research analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Arrow Electronics in a research report on Wednesday, October 8th. Wall Street Zen raised Arrow Electronics from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Finally, Zacks Research raised Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $115.75.

Insider Transactions at Arrow Electronics

In other Arrow Electronics news, CEO Sean J. Kerins bought 8,630 shares of the stock in a transaction dated Friday, August 1st. The stock was bought at an average cost of $114.91 per share, for a total transaction of $991,673.30. Following the completion of the purchase, the chief executive officer directly owned 122,408 shares of the company’s stock, valued at approximately $14,065,903.28. The trade was a 7.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Arrow Electronics Company 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.