Arrow Electronics, Inc. (NYSE:ARW) Shares Acquired by Seizert Capital Partners LLC

Seizert Capital Partners LLC raised its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 36.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,851 shares of the technology company's stock after acquiring an additional 12,505 shares during the period. Seizert Capital Partners LLC owned approximately 0.09% of Arrow Electronics worth $5,300,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ARW. True Wealth Design LLC acquired a new stake in shares of Arrow Electronics in the 3rd quarter worth $31,000. Brooklyn Investment Group acquired a new stake in Arrow Electronics in the third quarter worth about $40,000. 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 worth $54,000 after acquiring an additional 126 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Arrow Electronics by 24.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company's stock valued at $64,000 after acquiring an additional 112 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of Arrow Electronics by 26.5% in the 4th quarter. IFP Advisors Inc now owns 630 shares of the technology company's stock valued at $71,000 after purchasing an additional 132 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

Arrow Electronics Stock Performance

Shares of Arrow Electronics stock traded up $3.47 during trading on Friday, hitting $109.35. 467,916 shares of the company's stock were exchanged, compared to its average volume of 508,057. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 0.52 and a beta of 1.26. The business has a 50-day simple moving average of $112.14 and a 200-day simple moving average of $121.06. Arrow Electronics, Inc. has a 52-week low of $103.40 and a 52-week high of $137.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46.

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, 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, research analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Insiders Place Their Bets

In other Arrow Electronics news, CAO Yun Sung Cho sold 353 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $112.11, for a total value of $39,574.83. Following the completion of the transaction, the chief accounting officer now owns 1,549 shares in the company, valued at approximately $173,658.39. This represents a 18.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% 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.