Fiduciary Management Inc. WI Has $175.21 Million Stake in Arrow Electronics, Inc. (NYSE:ARW)

Fiduciary Management Inc. WI increased its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 44.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,548,925 shares of the technology company's stock after purchasing an additional 473,909 shares during the period. Arrow Electronics makes up 1.6% of Fiduciary Management Inc. WI's portfolio, making the stock its 22nd biggest position. Fiduciary Management Inc. WI owned approximately 2.95% of Arrow Electronics worth $175,214,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Jane Street Group LLC increased its holdings in Arrow Electronics by 27.9% during the 3rd quarter. Jane Street Group LLC now owns 11,497 shares of the technology company's stock worth $1,527,000 after purchasing an additional 2,509 shares in the last quarter. Te Ahumairangi Investment Management Ltd grew its holdings in shares of Arrow Electronics by 4.6% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 31,847 shares of the technology company's stock worth $4,206,000 after buying an additional 1,400 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Arrow Electronics in the 3rd quarter valued at approximately $621,000. Tidal Investments LLC lifted its stake in Arrow Electronics by 3.5% in the 3rd quarter. Tidal Investments LLC now owns 7,223 shares of the technology company's stock valued at $959,000 after acquiring an additional 245 shares in the last quarter. Finally, Synovus Financial Corp boosted its position in Arrow Electronics by 6.0% during the 3rd quarter. Synovus Financial Corp now owns 3,155 shares of the technology company's stock worth $419,000 after acquiring an additional 178 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director William F. Austen purchased 1,900 shares of the firm's 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 completion of the transaction, the director now owns 7,858 shares of the company's stock, valued at approximately $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Yun Sung Cho sold 353 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $112.11, for a total transaction of $39,574.83. Following the sale, the chief accounting officer now owns 1,549 shares in the company, valued at $173,658.39. The trade was a 18.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Arrow Electronics Stock Performance

ARW stock traded up $2.90 during trading hours on Thursday, hitting $110.68. 180,387 shares of the stock were exchanged, compared to its average volume of 585,382. Arrow Electronics, Inc. has a 12 month low of $86.50 and a 12 month high of $137.80. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $5.74 billion, a P/E ratio of 15.21, a P/E/G ratio of 0.52 and a beta of 1.18. The company has a 50-day simple moving average of $104.25 and a two-hundred day simple moving average of $114.28.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, topping 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%. On average, analysts forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ARW has been the topic of a number of recent research reports. Bank of America downgraded shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Wells Fargo & Company reduced their price objective on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock 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.