Two Sigma Securities LLC Makes New Investment in Arrow Electronics, Inc. (NYSE:ARW)

Two Sigma Securities LLC bought a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,661 shares of the technology company's stock, valued at approximately $414,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARW. Dimensional Fund Advisors LP increased its position in Arrow Electronics by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company's stock valued at $331,493,000 after purchasing an additional 91,310 shares during the period. Boston Partners boosted its stake in shares of Arrow Electronics by 14.8% during the 4th quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock valued at $280,138,000 after purchasing an additional 318,329 shares in the last quarter. Greenhaven Associates Inc. increased its position in shares of Arrow Electronics by 1.1% during the fourth quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company's stock valued at $215,477,000 after buying an additional 20,484 shares during the period. Fiduciary Management Inc. WI raised its stake in Arrow Electronics by 44.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock worth $175,214,000 after buying an additional 473,909 shares in the last quarter. Finally, Lyrical Asset Management LP lifted its holdings in Arrow Electronics by 0.7% in the fourth quarter. Lyrical Asset Management LP now owns 1,454,883 shares of the technology company's stock worth $164,576,000 after buying an additional 9,670 shares during the period. Institutional investors own 99.34% of the company's stock.

Arrow Electronics Price Performance

ARW stock opened at $111.83 on Friday. 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 firm has a 50 day moving average price of $104.32 and a 200-day moving average price of $113.87. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week high of $137.80. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 0.52 and a beta of 1.18.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted 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 return on equity of 9.69% and a net margin of 1.40%. Equities research analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Insiders Place Their Bets

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 value of $39,574.83. Following the transaction, the chief accounting officer now owns 1,549 shares of the company's stock, valued at $173,658.39. This trade represents a 18.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William F. Austen bought 1,900 shares of Arrow Electronics stock in a transaction that occurred on Wednesday, March 12th. The stock was 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 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.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. 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 Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company 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 issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $121.25.

Arrow Electronics Company 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.

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