Susquehanna Fundamental Investments LLC Invests $4.57 Million in Arrow Electronics, Inc. (NYSE:ARW)

Susquehanna Fundamental Investments LLC acquired a new stake 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 acquired 40,361 shares of the technology company's stock, valued at approximately $4,566,000. Susquehanna Fundamental Investments LLC owned about 0.08% of Arrow Electronics at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Meixler Investment Management Ltd. boosted its holdings in shares of Arrow Electronics by 2.6% during the 4th quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company's stock valued at $387,000 after acquiring an additional 88 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Arrow Electronics by 1.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company's stock worth $539,000 after purchasing an additional 89 shares during the period. Ironwood Investment Management LLC raised its stake in Arrow Electronics by 0.4% during the 4th quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company's stock valued at $2,550,000 after buying an additional 100 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Arrow Electronics by 24.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company's stock valued at $64,000 after buying an additional 112 shares during the period. Finally, Principal Securities Inc. boosted its stake in shares of Arrow Electronics by 35.7% in the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock worth $54,000 after buying an additional 126 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Yun Sung Cho sold 353 shares of Arrow Electronics stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $112.11, for a total transaction of $39,574.83. Following the sale, the chief accounting officer now owns 1,549 shares in the company, 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 SEC, which is available at the SEC website. Also, Director William F. Austen bought 1,900 shares of the stock in a transaction dated 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 acquisition, the director now directly 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. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ARW. Bank of America cut Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th. Wells Fargo & Company lowered their price objective on shares of 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 analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Arrow Electronics has a consensus rating of "Hold" and a consensus price target of $121.25.

Arrow Electronics Stock Performance

NYSE:ARW traded up $2.09 during mid-day trading on Friday, hitting $115.16. 697,067 shares of the company traded hands, compared to its average volume of 487,002. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The stock's fifty day moving average price is $104.45 and its 200-day moving average price is $113.28. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.33. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.32 billion. During the same period in the prior year, the firm posted $2.41 EPS. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. Research analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share 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.