Arrow Electronics, Inc. (NYSE:ARW) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC raised its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,642 shares of the technology company's stock after purchasing an additional 2,275 shares during the quarter. MetLife Investment Management LLC owned 0.06% of Arrow Electronics worth $3,353,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in Arrow Electronics by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company's stock valued at $331,493,000 after buying an additional 91,310 shares during the last quarter. Fiduciary Management Inc. WI boosted its holdings in shares of Arrow Electronics by 44.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock valued at $175,214,000 after acquiring an additional 473,909 shares during the last quarter. Forum Financial Management LP increased its stake in shares of Arrow Electronics by 8.7% in the fourth quarter. Forum Financial Management LP now owns 1,872 shares of the technology company's stock worth $212,000 after acquiring an additional 150 shares during the period. GeoWealth Management LLC raised its holdings in shares of Arrow Electronics by 1,014.7% during the fourth quarter. GeoWealth Management LLC now owns 2,196 shares of the technology company's stock worth $248,000 after purchasing an additional 1,999 shares during the last quarter. Finally, Dean Investment Associates LLC lifted its position in Arrow Electronics by 13.5% during the fourth quarter. Dean Investment Associates LLC now owns 24,991 shares of the technology company's stock valued at $2,827,000 after purchasing an additional 2,964 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.

Arrow Electronics Stock Performance

Shares of NYSE ARW opened at $111.83 on Friday. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46. The company's fifty day moving average price is $104.32 and its 200 day moving average price is $113.87. The company has a market capitalization of $5.80 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, CAO Yun Sung Cho sold 237 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $108.73, for a total transaction of $25,769.01. Following the transaction, the chief accounting officer now directly owns 2,086 shares of the company's stock, valued at $226,810.78. This trade represents a 10.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William F. Austen bought 1,900 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the transaction, the director now owns 7,858 shares of the company's stock, valued at approximately $818,174.96. This trade represents 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 owned by corporate insiders.

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.

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