Fmr LLC Grows Stake in Arrow Electronics, Inc. (NYSE:ARW)

FMR LLC raised its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 208.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,343,090 shares of the technology company's stock after buying an additional 908,185 shares during the period. FMR LLC owned 2.55% of Arrow Electronics worth $151,930,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of ARW. BOK Financial Private Wealth Inc. purchased a new stake in shares of Arrow Electronics during the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. purchased a new position in Arrow Electronics in the fourth quarter worth $31,000. New Age Alpha Advisors LLC bought a new position in Arrow Electronics in the 4th quarter valued at $47,000. Principal Securities Inc. increased its position 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 during the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in shares of Arrow Electronics during the 4th quarter worth $55,000. Institutional investors own 99.34% of the company's stock.

Arrow Electronics Stock Performance

Shares of ARW stock traded up $1.72 on Friday, hitting $102.21. 511,588 shares of the stock were exchanged, compared to its average volume of 471,275. The firm's 50 day moving average is $104.65 and its two-hundred day moving average is $115.22. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80. The firm has a market capitalization of $5.30 billion, a PE ratio of 14.04, a P/E/G ratio of 0.52 and a beta of 1.18. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its earnings results 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%. Sell-side analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Insider Activity at Arrow Electronics

In related news, Director William F. Austen purchased 1,900 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost 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 approximately $818,174.96. The trade was a 31.89 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Yun Sung Cho sold 353 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $112.11, for a total value of $39,574.83. Following the sale, the chief accounting officer now owns 1,549 shares in the company, valued at approximately $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. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ARW. Bank of America lowered shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report 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. Based on data from MarketBeat, Arrow Electronics has a consensus rating of "Hold" and a consensus price target of $121.25.

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.