Arrow Electronics, Inc. (NYSE:ARW) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC raised its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,642 shares of the technology company's stock after acquiring an additional 2,275 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Arrow Electronics worth $3,353,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. purchased a new stake in shares of Arrow Electronics during the 4th quarter valued at about $25,000. Brown Brothers Harriman & Co. bought a new position in shares of Arrow Electronics in the fourth quarter worth about $31,000. New Age Alpha Advisors LLC purchased a new position in shares of Arrow Electronics during the 4th quarter valued at about $47,000. Principal Securities Inc. boosted its position in shares of Arrow Electronics by 35.7% in the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock worth $54,000 after purchasing an additional 126 shares during the period. Finally, CoreFirst Bank & Trust purchased a new position in shares of Arrow Electronics during the 4th quarter valued at $55,000. Institutional investors own 99.34% of the company's stock.

Arrow Electronics Stock Up 3.2 %

ARW stock traded up $3.66 during trading on Friday, reaching $116.73. 152,636 shares of the company traded hands, compared to its average volume of 486,242. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. Arrow Electronics, Inc. has a 12 month low of $86.50 and a 12 month 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. The business has a 50 day simple moving average of $104.35 and a 200 day simple moving average of $113.42.

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, beating the consensus estimate of $1.47 by $0.33. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.32 billion. During the same period in the prior year, the firm earned $2.41 EPS. The firm's revenue was down 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ARW has been the subject of a number of research 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 reduced their target price on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a report on Friday, February 7th. Two research 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 MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $121.25.

Insider Transactions at Arrow Electronics

In other Arrow Electronics news, Director William F. Austen acquired 1,900 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the transaction, the director now directly owns 7,858 shares of the company's stock, valued at $818,174.96. This represents a 31.89 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Yun Sung Cho sold 353 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were 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 in the company, valued at $173,658.39. This trade represents a 18.56 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.