Arrow Electronics, Inc. (NYSE:ARW) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 151,752 shares of the technology company's stock after purchasing an additional 4,044 shares during the quarter. Envestnet Asset Management Inc. owned 0.29% of Arrow Electronics worth $17,166,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC increased its stake in shares of Arrow Electronics by 27.9% in the third quarter. Jane Street Group LLC now owns 11,497 shares of the technology company's stock worth $1,527,000 after buying an additional 2,509 shares during the last quarter. MML Investors Services LLC grew its holdings in Arrow Electronics by 5.8% during the 3rd quarter. MML Investors Services LLC now owns 13,142 shares of the technology company's stock worth $1,746,000 after acquiring an additional 720 shares in the last quarter. Y Intercept Hong Kong Ltd increased its position in shares of Arrow Electronics by 47.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 2,787 shares of the technology company's stock worth $370,000 after purchasing an additional 893 shares during the last quarter. Te Ahumairangi Investment Management Ltd increased its position in shares of Arrow Electronics by 4.6% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 31,847 shares of the technology company's stock worth $4,206,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Arrow Electronics in the 3rd quarter valued at about $621,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ARW shares. Wells Fargo & Company lowered their price objective on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, February 7th. Bank of America lowered Arrow Electronics from a "neutral" rating to an "underperform" rating 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $121.25.

Insider Activity at Arrow Electronics

In related news, Director William F. Austen acquired 1,900 shares of Arrow Electronics stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $104.12 per share, with a total value of $197,828.00. Following the completion of the acquisition, the director now directly owns 7,858 shares of the company's stock, valued at $818,174.96. This trade represents a 31.89 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Yun Sung Cho sold 237 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $108.73, for a total transaction 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 represents a 10.20 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Arrow Electronics Stock Performance

Shares of NYSE:ARW traded up $1.72 during trading on Friday, reaching $102.21. 511,588 shares of the company's stock traded hands, compared to its average volume of 472,807. 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 company has a 50 day moving average of $104.43 and a 200-day moving average of $114.60. Arrow Electronics, Inc. has a 12 month low of $86.50 and a 12 month high of $137.80. The stock 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.

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 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 EPS for the current year.

Arrow Electronics 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.