Boston Partners Grows Stake in Arrow Electronics, Inc. (NYSE:ARW)

Boston Partners boosted its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 14.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,474,074 shares of the technology company's stock after acquiring an additional 318,329 shares during the period. Boston Partners owned 4.70% of Arrow Electronics worth $280,138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ARW. BOK Financial Private Wealth Inc. bought a new stake in Arrow Electronics during the 4th quarter worth approximately $25,000. True Wealth Design LLC bought a new position in shares of Arrow Electronics in the third quarter worth approximately $31,000. Brooklyn Investment Group bought a new position in shares of Arrow Electronics in the third quarter worth approximately $40,000. Principal Securities Inc. raised its stake in 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 in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in Arrow Electronics by 24.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company's stock valued at $64,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 99.34% of the company's stock.

Insider Buying and Selling

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

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Arrow Electronics Stock Down 1.6 %

Shares of ARW stock traded down $1.70 during trading hours on Friday, hitting $104.24. 3,018,152 shares of the company's stock traded hands, compared to its average volume of 435,859. The stock's fifty day simple moving average is $110.71 and its two-hundred day simple moving average is $119.07. Arrow Electronics, Inc. has a 12-month low of $101.78 and a 12-month high of $137.80. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 0.52 and a beta of 1.26. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 earnings per share (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, analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Analyst Upgrades and Downgrades

ARW has been the subject of several research reports. Wells Fargo & Company cut their target price 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. Bank of America lowered Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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.