Fox Run Management L.L.C. Acquires New Stake in Arrow Electronics, Inc. (NYSE:ARW)

Fox Run Management L.L.C. bought a new position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,617 shares of the technology company's stock, valued at approximately $409,000.

A number of other hedge funds also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in shares of Arrow Electronics in the 4th quarter valued at about $1,550,000. AXQ Capital LP raised its holdings in shares of Arrow Electronics by 209.3% during the fourth quarter. AXQ Capital LP now owns 8,810 shares of the technology company's stock worth $997,000 after acquiring an additional 5,962 shares in the last quarter. Sei Investments Co. boosted its position in Arrow Electronics by 6.3% during the fourth quarter. Sei Investments Co. now owns 770,975 shares of the technology company's stock valued at $87,214,000 after purchasing an additional 45,593 shares during the last quarter. American Century Companies Inc. grew its stake in Arrow Electronics by 13.0% in the fourth quarter. American Century Companies Inc. now owns 100,725 shares of the technology company's stock valued at $11,394,000 after purchasing an additional 11,623 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in Arrow Electronics by 6.6% in the fourth quarter. Teacher Retirement System of Texas now owns 66,224 shares of the technology company's stock valued at $7,491,000 after purchasing an additional 4,116 shares in the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Arrow Electronics 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 acquired at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the transaction, the director now directly owns 7,858 shares in the company, 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 filing 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 directly owns 1,549 shares in the company, valued at approximately $173,658.39. This represents a 18.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

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Analysts Set New Price Targets

ARW has been the subject of several research reports. Wells Fargo & Company reduced their price target 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 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $121.25.

Arrow Electronics Stock Performance

NYSE ARW traded down $1.82 during trading on Friday, hitting $103.55. The company's stock had a trading volume of 343,356 shares, compared to its average volume of 450,336. Arrow Electronics, Inc. has a 52 week low of $101.78 and a 52 week high of $137.80. The firm has a market cap of $5.40 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26. The firm has a 50 day moving average price of $109.95 and a 200 day moving average price of $118.34. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48.

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

Arrow Electronics Company 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.