ACR Alpine Capital Research LLC Buys 4,147 Shares of Arrow Electronics, Inc. (NYSE:ARW)

ACR Alpine Capital Research LLC grew its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 31.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,327 shares of the technology company's stock after buying an additional 4,147 shares during the quarter. ACR Alpine Capital Research LLC's holdings in Arrow Electronics were worth $1,960,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. True Wealth Design LLC acquired a new position in shares of Arrow Electronics during the 3rd quarter worth approximately $31,000. Brooklyn Investment Group acquired a new position in shares of Arrow Electronics in the third quarter valued at $40,000. Principal Securities Inc. raised its position 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 valued at $54,000 after purchasing an additional 126 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Arrow Electronics by 24.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company's stock worth $64,000 after buying an additional 112 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Arrow Electronics by 26.5% during the 4th quarter. IFP Advisors Inc now owns 630 shares of the technology company's stock worth $71,000 after buying an additional 132 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ARW has been the subject of a number of research analyst reports. Bank of America cut Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Wells Fargo & Company reduced their price target on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $121.25.

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Insider Transactions at Arrow Electronics

In other Arrow Electronics news, CAO Yun Sung Cho sold 353 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were 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 of the company's stock, valued at $173,658.39. This trade represents a 18.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.

Arrow Electronics Stock Performance

NYSE ARW traded down $0.10 during trading on Thursday, reaching $105.83. The company's stock had a trading volume of 454,545 shares, compared to its average volume of 508,992. The firm has a 50 day moving average price of $112.41 and a 200 day moving average price of $121.32. Arrow Electronics, Inc. has a 12 month low of $103.40 and a 12 month high of $137.80. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48.

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

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.