Lyrical Asset Management LP Raises Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

Lyrical Asset Management LP grew its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,454,883 shares of the technology company's stock after purchasing an additional 9,670 shares during the quarter. Arrow Electronics makes up 2.5% of Lyrical Asset Management LP's holdings, making the stock its 19th biggest holding. Lyrical Asset Management LP owned approximately 2.77% of Arrow Electronics worth $164,576,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. acquired a new position in shares of Arrow Electronics in the 4th quarter worth approximately $25,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Arrow Electronics in the 4th quarter worth about $31,000. New Age Alpha Advisors LLC bought a new position in shares of Arrow Electronics in the fourth quarter valued at approximately $47,000. Principal Securities Inc. grew its position in Arrow Electronics by 35.7% in the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock worth $54,000 after purchasing an additional 126 shares in the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in shares of Arrow Electronics in the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Arrow Electronics Price Performance

Arrow Electronics stock traded up $0.84 during midday trading on Friday, hitting $97.52. 143,815 shares of the company's stock were exchanged, compared to its average volume of 467,695. The company has a market cap of $5.06 billion, a P/E ratio of 13.34, a PEG ratio of 0.52 and a beta of 1.18. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46. The stock has a 50-day moving average price of $105.58 and a two-hundred day moving average price of $116.03. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week high of $137.80.

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Arrow Electronics (NYSE:ARW - Get Free Report) last announced its 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%. On average, equities research analysts forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a report on Friday, February 7th. Bank of America downgraded shares of 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $121.25.

Insider Transactions at Arrow Electronics

In other news, CAO Yun Sung Cho sold 353 shares of the firm's 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 transaction, the chief accounting officer now directly owns 1,549 shares of the company's stock, valued at approximately $173,658.39. This trade represents a 18.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William F. Austen bought 1,900 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were bought 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 in the company, valued at $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.80% of the company's stock.

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.