Khrom Capital Management LLC Boosts Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

Khrom Capital Management LLC grew its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 23.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 443,225 shares of the technology company's stock after acquiring an additional 84,863 shares during the quarter. Arrow Electronics comprises 5.7% of Khrom Capital Management LLC's investment portfolio, making the stock its 8th biggest holding. Khrom Capital Management LLC owned about 0.84% of Arrow Electronics worth $50,138,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new stake in shares of Arrow Electronics in the 4th quarter valued at approximately $273,000. Tower Research Capital LLC TRC boosted its position in shares of Arrow Electronics by 281.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,747 shares of the technology company's stock worth $650,000 after purchasing an additional 4,241 shares in the last quarter. Trajan Wealth LLC grew its stake in shares of Arrow Electronics by 10.0% during the 4th quarter. Trajan Wealth LLC now owns 2,097 shares of the technology company's stock worth $237,000 after purchasing an additional 190 shares during the period. Speece Thorson Capital Group Inc. increased its holdings in shares of Arrow Electronics by 13.3% in the 4th quarter. Speece Thorson Capital Group Inc. now owns 154,949 shares of the technology company's stock valued at $17,528,000 after purchasing an additional 18,203 shares in the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of Arrow Electronics by 12.0% in the fourth quarter. MML Investors Services LLC now owns 14,717 shares of the technology company's stock valued at $1,665,000 after purchasing an additional 1,575 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Arrow Electronics news, CAO Yun Sung Cho sold 353 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $112.11, for a total value of $39,574.83. Following the completion of the sale, the chief accounting officer now owns 1,549 shares of the company's stock, valued at $173,658.39. The trade was a 18.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William F. Austen bought 1,900 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $104.12 per share, with a total value of $197,828.00. Following the transaction, the director now owns 7,858 shares in the company, valued at approximately $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. Insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ARW. Wells Fargo & Company dropped their target price on shares of 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 downgraded Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $121.25.

Arrow Electronics Trading Down 0.7 %

NYSE:ARW traded down $0.82 during mid-day trading on Friday, reaching $111.27. The company's stock had a trading volume of 7,024 shares, compared to its average volume of 476,569. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. The stock has a market cap of $5.77 billion, a P/E ratio of 15.28, a P/E/G ratio of 0.52 and a beta of 1.18. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80. The company's fifty day simple moving average is $104.31 and its two-hundred day simple moving average is $114.15.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) 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%. On average, equities analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

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.