13,700 Shares in Arrow Electronics, Inc. (NYSE:ARW) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,700 shares of the technology company's stock, valued at approximately $1,550,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in Arrow Electronics by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 483,936 shares of the technology company's stock worth $64,281,000 after purchasing an additional 10,340 shares during the period. Cerity Partners LLC lifted its holdings in shares of Arrow Electronics by 140.4% in the third quarter. Cerity Partners LLC now owns 12,034 shares of the technology company's stock valued at $1,598,000 after buying an additional 7,028 shares during the period. FMR LLC boosted its stake in Arrow Electronics by 371.1% during the third quarter. FMR LLC now owns 434,905 shares of the technology company's stock valued at $57,768,000 after buying an additional 342,590 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Arrow Electronics in the 3rd quarter worth approximately $40,000. Finally, Martingale Asset Management L P raised its holdings in shares of Arrow Electronics by 3,768.6% in the 3rd quarter. Martingale Asset Management L P now owns 83,290 shares of the technology company's stock worth $11,063,000 after purchasing an additional 81,137 shares in the last quarter. Institutional investors own 99.34% of the company's stock.

Arrow Electronics Trading Down 1.2 %

Shares of ARW stock traded down $1.30 during trading hours on Tuesday, reaching $102.54. 97,378 shares of the stock traded hands, compared to its average volume of 449,121. 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 firm has a market capitalization of $5.32 billion, a PE ratio of 14.10, a PEG ratio of 0.52 and a beta of 1.26. Arrow Electronics, Inc. has a 1-year low of $101.78 and a 1-year high of $137.80. The business has a fifty day moving average price of $109.70 and a 200 day moving average price of $118.17.

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

Analysts Set New Price Targets

ARW has been the topic of several recent research reports. 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 price objective on 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 equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $121.25.

Insider Buying and Selling

In other Arrow Electronics news, Director William F. Austen bought 1,900 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the purchase, the director now directly owns 7,858 shares in the company, valued at $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Yun Sung Cho sold 237 shares of the company's 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 transaction, the chief accounting officer now directly 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 corporate insiders.

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.