Arrow Electronics, Inc. (NYSE:ARW) Shares Purchased by Dean Investment Associates LLC

Dean Investment Associates LLC increased its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 13.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,991 shares of the technology company's stock after buying an additional 2,964 shares during the period. Dean Investment Associates LLC's holdings in Arrow Electronics were worth $2,827,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BOK Financial Private Wealth Inc. acquired a new position in Arrow Electronics during the fourth quarter worth $25,000. Brown Brothers Harriman & Co. bought a new position in Arrow Electronics during the 4th quarter worth approximately $31,000. New Age Alpha Advisors LLC acquired a new stake in Arrow Electronics during the 4th quarter worth $47,000. Principal Securities Inc. lifted its holdings in shares of Arrow Electronics by 35.7% during the 4th 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, CoreFirst Bank & Trust bought a new position in Arrow Electronics in the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on ARW. Bank of America lowered shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Wells Fargo & Company reduced 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 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 assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $121.25.

Insider Activity

In other Arrow Electronics news, CAO Yun Sung Cho sold 237 shares of the stock in a transaction 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 directly owns 2,086 shares in the company, valued at approximately $226,810.78. This trade represents a 10.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William F. Austen acquired 1,900 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 7,858 shares of the company's stock, valued at $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. 1.00% of the stock is owned by corporate insiders.

Arrow Electronics Stock Up 2.6 %

ARW stock traded up $2.70 during trading on Wednesday, reaching $107.46. The stock had a trading volume of 226,792 shares, compared to its average volume of 474,382. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 14.76, 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. The company's 50 day moving average is $104.27 and its two-hundred day moving average is $114.33. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. Equities research analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

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.