4,142 Shares in Arrow Electronics, Inc. (NYSE:ARW) Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. bought a new position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,142 shares of the technology company's stock, valued at approximately $469,000.

Several other hedge funds have also modified their holdings of the company. Riverwater Partners LLC boosted its holdings in shares of Arrow Electronics by 48.2% during the 4th quarter. Riverwater Partners LLC now owns 3,165 shares of the technology company's stock worth $358,000 after purchasing an additional 1,030 shares during the last quarter. May Hill Capital LLC purchased a new stake in Arrow Electronics during the 4th quarter worth about $626,000. Headlands Technologies LLC boosted its holdings in shares of Arrow Electronics by 110.3% in the 4th quarter. Headlands Technologies LLC now owns 1,455 shares of the technology company's stock valued at $165,000 after buying an additional 763 shares in the last quarter. Franklin Resources Inc. grew its stake in Arrow Electronics by 4.5% during the 4th quarter. Franklin Resources Inc. now owns 43,142 shares of the technology company's stock worth $4,880,000 after buying an additional 1,877 shares during the last quarter. Finally, AIA Group Ltd acquired a new position in Arrow Electronics in the fourth quarter valued at $376,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. 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 on the stock in a research note on Friday, February 7th. Two investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $121.25.

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Insiders Place Their Bets

In related news, CAO Yun Sung Cho sold 237 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $108.73, for a total transaction of $25,769.01. Following the completion of the transaction, the chief accounting officer now directly owns 2,086 shares in the company, valued at approximately $226,810.78. This trade represents a 10.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William F. Austen purchased 1,900 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $104.12 per share, with a total value of $197,828.00. Following the completion of 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company's stock.

Arrow Electronics Stock Up 0.1 %

ARW stock traded up $0.08 during mid-day trading on Wednesday, hitting $100.68. The stock had a trading volume of 504,560 shares, compared to its average volume of 470,796. The company has a fifty day moving average of $104.78 and a 200 day moving average of $115.33. Arrow Electronics, Inc. has a 1-year low of $86.50 and a 1-year high of $137.80. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 13.83, 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 (NYSE:ARW - Get Free Report) last announced its earnings results 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%. On average, equities analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

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.