American Century Companies Inc. Increases Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

American Century Companies Inc. grew its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 13.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,725 shares of the technology company's stock after purchasing an additional 11,623 shares during the period. American Century Companies Inc. owned approximately 0.19% of Arrow Electronics worth $11,394,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Teacher Retirement System of Texas boosted its stake in Arrow Electronics by 6.6% during the fourth quarter. Teacher Retirement System of Texas now owns 66,224 shares of the technology company's stock worth $7,491,000 after buying an additional 4,116 shares during the period. West Tower Group LLC purchased a new position in shares of Arrow Electronics during the 4th quarter worth about $226,000. Xponance Inc. grew its holdings in Arrow Electronics by 12.4% during the 4th quarter. Xponance Inc. now owns 8,331 shares of the technology company's stock valued at $942,000 after purchasing an additional 918 shares during the last quarter. Boston Partners raised its position in Arrow Electronics by 14.8% in the 4th quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock worth $280,138,000 after purchasing an additional 318,329 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Arrow Electronics by 4.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,101 shares of the technology company's stock worth $577,000 after purchasing an additional 234 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

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Arrow Electronics Stock Down 4.1 %

NYSE ARW traded down $3.90 on Friday, reaching $92.21. 827,405 shares of the stock traded hands, compared to its average volume of 454,767. Arrow Electronics, Inc. has a 12 month low of $89.45 and a 12 month high of $137.80. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 0.52 and a beta of 1.18. The company has a fifty day moving average price of $108.08 and a 200-day moving average price of $117.36. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, topping analysts' consensus estimates of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. As a group, research analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Insider Activity at Arrow Electronics

In other news, CAO Yun Sung Cho sold 353 shares of Arrow Electronics stock in a transaction on Monday, February 24th. The stock was sold at an average price of $112.11, for a total value of $39,574.83. Following the transaction, the chief accounting officer now directly owns 1,549 shares in the company, valued at approximately $173,658.39. This trade represents a 18.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William F. Austen acquired 1,900 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $104.12 per share, with a total value of $197,828.00. Following the completion of the purchase, the director now directly owns 7,858 shares in the company, valued at $818,174.96. The trade was a 31.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wells Fargo & Company dropped their price objective on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, February 7th. Bank of America lowered shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Arrow Electronics currently has a consensus rating of "Hold" and a consensus target price of $121.25.

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.