Mirabella Financial Services LLP Buys New Shares in Arrow Electronics, Inc. (NYSE:ARW)

Mirabella Financial Services LLP acquired a new stake 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 acquired 26,376 shares of the technology company's stock, valued at approximately $2,984,000. Mirabella Financial Services LLP owned approximately 0.05% of Arrow Electronics at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ARW. BOK Financial Private Wealth Inc. bought a new stake in shares of Arrow Electronics during the fourth quarter worth $25,000. Brown Brothers Harriman & Co. acquired a new stake in Arrow Electronics in the 4th quarter valued at about $31,000. New Age Alpha Advisors LLC bought a new position in shares of Arrow Electronics in the fourth quarter worth about $47,000. Principal Securities Inc. grew its stake in shares of Arrow Electronics by 35.7% during the fourth 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 acquired a new stake in shares of Arrow Electronics in the fourth quarter valued at approximately $55,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arrow Electronics

In related news, CAO Yun Sung Cho sold 353 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $112.11, for a total transaction of $39,574.83. Following the completion of the sale, the chief accounting officer now directly owns 1,549 shares of the company's stock, valued at approximately $173,658.39. This represents a 18.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William F. Austen purchased 1,900 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the purchase, the director now owns 7,858 shares of the company's stock, valued at approximately $818,174.96. This represents a 31.89 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

ARW has been the subject of several research reports. Wells Fargo & Company lowered their target price 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. Bank of America cut Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Two equities 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. According to data from MarketBeat, Arrow Electronics has a consensus rating of "Hold" and an average price target of $121.25.

Arrow Electronics Trading Up 3.9 %

Shares of NYSE:ARW traded up $4.25 during midday trading on Thursday, hitting $112.03. The company had a trading volume of 527,640 shares, compared to its average volume of 478,044. The firm has a fifty day simple moving average of $104.25 and a 200 day simple moving average of $114.28. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 15.39, a PEG 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, Inc. has a 12 month low of $86.50 and a 12 month high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last released 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 predict that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

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.