CenterBook Partners LP increased its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 275.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,119 shares of the technology company's stock after purchasing an additional 22,825 shares during the period. CenterBook Partners LP owned 0.06% of Arrow Electronics worth $3,520,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boston Partners increased its position in Arrow Electronics by 14.8% during the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock worth $280,138,000 after purchasing an additional 318,329 shares during the last quarter. Greenhaven Associates Inc. boosted its holdings in Arrow Electronics by 1.1% in the fourth quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company's stock valued at $215,477,000 after purchasing an additional 20,484 shares in the last quarter. State Street Corp lifted its position in shares of Arrow Electronics by 0.3% during the 3rd quarter. State Street Corp now owns 1,689,695 shares of the technology company's stock worth $224,442,000 after buying an additional 4,811 shares during the last quarter. Lyrical Asset Management LP boosted its holdings in shares of Arrow Electronics by 0.7% in the 4th quarter. Lyrical Asset Management LP now owns 1,454,883 shares of the technology company's stock valued at $164,576,000 after buying an additional 9,670 shares in the last quarter. Finally, FMR LLC grew its position in shares of Arrow Electronics by 208.8% in the 4th quarter. FMR LLC now owns 1,343,090 shares of the technology company's stock valued at $151,930,000 after buying an additional 908,185 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.
Arrow Electronics Trading Up 1.0 %
NYSE:ARW traded up $0.97 during trading hours on Tuesday, reaching $100.97. 252,991 shares of the company were exchanged, compared to its average volume of 467,624. The stock has a 50 day simple moving average of $104.96 and a 200 day simple moving average of $115.43. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 0.52 and a beta of 1.18. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week high of $137.80. 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 announced its earnings results 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%. As a group, analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current year.
Insiders Place Their Bets
In other Arrow Electronics news, CAO Yun Sung Cho sold 237 shares of Arrow Electronics stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $108.73, for a total value of $25,769.01. Following the completion of the transaction, the chief accounting officer now directly owns 2,086 shares in the company, valued at $226,810.78. The trade was a 10.20 % decrease in their ownership of the stock. The sale 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 company's stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the transaction, the director now directly owns 7,858 shares in the company, valued at approximately $818,174.96. This trade represents a 31.89 % increase in their position. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research analysts recently issued reports on ARW shares. Bank of America downgraded Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Wells Fargo & Company lowered their price objective on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $121.25.
Check Out Our Latest Analysis on Arrow Electronics
Arrow Electronics Profile
(
Free Report)
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.
Further Reading
Before you consider Arrow Electronics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arrow Electronics wasn't on the list.
While Arrow Electronics currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
