Bridgewater Associates LP Boosts Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Bridgewater Associates LP raised its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 174.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 174,498 shares of the technology company's stock after buying an additional 111,004 shares during the period. Bridgewater Associates LP owned about 0.33% of Arrow Electronics worth $19,739,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ARW. BOK Financial Private Wealth Inc. bought a new stake in Arrow Electronics in the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. bought a new stake in shares of Arrow Electronics in the 4th quarter valued at $31,000. New Age Alpha Advisors LLC acquired a new stake in shares of Arrow Electronics during the fourth quarter worth $47,000. Principal Securities Inc. increased its position in shares of Arrow Electronics by 35.7% during the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock worth $54,000 after buying an additional 126 shares during the period. Finally, CoreFirst Bank & Trust bought a new position in Arrow Electronics during the fourth quarter worth $55,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Insider Buying and Selling

In related news, CAO Yun Sung Cho sold 353 shares of the company'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 sale, the chief accounting officer now owns 1,549 shares in the company, valued at $173,658.39. This represents a 18.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William F. Austen purchased 1,900 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $104.12 per share, with a total value of $197,828.00. Following the purchase, the director now directly owns 7,858 shares in the company, valued at approximately $818,174.96. The trade was a 31.89 % increase in their position. The disclosure for this purchase can be found here. 1.00% of the stock is owned by company insiders.

Arrow Electronics Stock Down 0.7 %

NYSE:ARW traded down $0.68 during trading hours on Monday, reaching $101.51. The company had a trading volume of 40,264 shares, compared to its average volume of 471,101. The business's 50-day simple moving average is $104.43 and its two-hundred day simple moving average is $114.60. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 0.52 and a beta of 1.18. 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 issued 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, equities analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on ARW. Bank of America cut shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th. Wells Fargo & Company cut their target price on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a research report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $121.25.

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.