Charles Schwab Investment Management Inc. Buys 14,971 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Charles Schwab Investment Management Inc. increased its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 498,907 shares of the technology company's stock after purchasing an additional 14,971 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.95% of Arrow Electronics worth $56,436,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its holdings in Arrow Electronics by 71.9% in the 3rd quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company's stock valued at $278,220,000 after purchasing an additional 876,396 shares during the period. Greenhaven Associates Inc. increased its stake in Arrow Electronics by 1.1% during the fourth quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company's stock valued at $215,477,000 after acquiring an additional 20,484 shares during the period. State Street Corp increased its stake in Arrow Electronics by 0.3% during the third quarter. State Street Corp now owns 1,689,695 shares of the technology company's stock valued at $224,442,000 after acquiring an additional 4,811 shares during the period. Lind Value II ApS lifted its position in shares of Arrow Electronics by 36.3% in the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company's stock worth $73,374,000 after acquiring an additional 172,669 shares during the period. Finally, FMR LLC grew its holdings in shares of Arrow Electronics by 371.1% during the 3rd quarter. FMR LLC now owns 434,905 shares of the technology company's stock worth $57,768,000 after purchasing an additional 342,590 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

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Arrow Electronics Trading Up 0.9 %

Shares of Arrow Electronics stock traded up $0.90 during trading on Monday, hitting $105.62. 378,823 shares of the company were exchanged, compared to its average volume of 424,606. 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 firm has a market capitalization of $5.51 billion, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26. The firm's fifty day moving average price is $111.30 and its 200 day moving average price is $119.92. Arrow Electronics, Inc. has a 1-year low of $101.78 and a 1-year high of $137.80.

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

Insider Transactions at Arrow Electronics

In other news, CAO Yun Sung Cho sold 237 shares of Arrow Electronics stock in a transaction dated Friday, February 14th. The shares were 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 owns 2,086 shares of the company's stock, valued at $226,810.78. This trade represents a 10.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William F. Austen bought 1,900 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the acquisition, the director now owns 7,858 shares in the company, valued at $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 insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. 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 downgraded shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a report 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 company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $121.25.

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.