Bragg Financial Advisors Inc Acquires 15,651 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Bragg Financial Advisors Inc raised its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,017 shares of the technology company's stock after purchasing an additional 15,651 shares during the quarter. Bragg Financial Advisors Inc owned 0.31% of Arrow Electronics worth $18,554,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ARW. Rockefeller Capital Management L.P. bought a new position in Arrow Electronics during the fourth quarter valued at approximately $14,435,000. Bessemer Group Inc. raised its stake in shares of Arrow Electronics by 1.0% in the 4th quarter. Bessemer Group Inc. now owns 23,606 shares of the technology company's stock valued at $2,670,000 after buying an additional 232 shares in the last quarter. CenterBook Partners LP lifted its stake in Arrow Electronics by 275.2% during the fourth quarter. CenterBook Partners LP now owns 31,119 shares of the technology company's stock worth $3,520,000 after purchasing an additional 22,825 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Arrow Electronics in the 4th quarter valued at approximately $5,137,000. Finally, Bank of Nova Scotia lifted its holdings in shares of Arrow Electronics by 11.6% during the fourth quarter. Bank of Nova Scotia now owns 3,019 shares of the technology company's stock valued at $342,000 after acquiring an additional 315 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Arrow Electronics Trading Up 1.7 %

Shares of Arrow Electronics stock traded up $1.72 during trading on Friday, hitting $102.21. 511,588 shares of the company were exchanged, compared to its average volume of 471,275. The firm's fifty day moving average price is $104.54 and its 200 day moving average price is $115.01. Arrow Electronics, Inc. has a 1-year low of $86.50 and a 1-year high of $137.80. The firm has a market capitalization of $5.30 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08.

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 for the quarter, topping 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, sell-side analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ARW has been the subject of a number of research analyst reports. Wells Fargo & Company cut their target price on shares of 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 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $121.25.

Insider Transactions at Arrow Electronics

In other news, CAO Yun Sung Cho sold 237 shares of the company's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $108.73, for a total transaction of $25,769.01. Following the sale, the chief accounting officer now owns 2,086 shares in the company, valued at $226,810.78. This represents a 10.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director William F. Austen acquired 1,900 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was 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. This trade represents a 31.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company's stock.

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.