Raymond James Financial Inc. Buys Shares of 45,415 Arrow Electronics, Inc. (NYSE:ARW)

Raymond James Financial Inc. bought a new stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 45,415 shares of the technology company's stock, valued at approximately $5,137,000. Raymond James Financial Inc. owned about 0.09% of Arrow Electronics at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. 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 stake in Arrow Electronics during the 4th quarter valued at $31,000. New Age Alpha Advisors LLC bought a new stake in Arrow Electronics in the 4th quarter worth $47,000. Principal Securities Inc. raised 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 acquiring an additional 126 shares during the last quarter. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Arrow Electronics during the fourth quarter worth about $55,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Arrow Electronics Stock Up 1.1 %

ARW traded up $1.28 during trading on Monday, reaching $113.00. The stock had a trading volume of 729,753 shares, compared to its average volume of 481,309. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 15.52, 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. The stock's 50 day moving average is $104.35 and its two-hundred day moving average is $113.60.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 EPS 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%. As a group, analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Insider Activity

In other Arrow Electronics news, Director William F. Austen purchased 1,900 shares of the stock in a transaction dated Wednesday, March 12th. The shares were 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 in the company, valued at $818,174.96. This trade represents a 31.89 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Yun Sung Cho sold 237 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $108.73, for a total value of $25,769.01. Following the completion of the transaction, the chief accounting officer now directly owns 2,086 shares of the company's stock, valued at approximately $226,810.78. This trade represents a 10.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

ARW has been the topic of a number of recent analyst reports. Bank of America lowered Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th. Wells Fargo & Company decreased their price objective on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $121.25.

About Arrow Electronics

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.