Arrow Electronics, Inc. (NYSE:ARW) Stake Decreased by AQR Capital Management LLC

AQR Capital Management LLC lessened its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,058,588 shares of the technology company's stock after selling 119,550 shares during the quarter. AQR Capital Management LLC owned 2.01% of Arrow Electronics worth $119,748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Arrow Electronics by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company's stock worth $331,493,000 after acquiring an additional 91,310 shares during the period. Boston Partners lifted its position in shares of Arrow Electronics by 14.8% during the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock worth $280,138,000 after purchasing an additional 318,329 shares in the last quarter. Greenhaven Associates Inc. boosted its stake in shares of Arrow Electronics by 1.1% in the fourth quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company's stock valued at $215,477,000 after purchasing an additional 20,484 shares during the period. Fiduciary Management Inc. WI grew its stake in shares of Arrow Electronics by 44.1% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock valued at $175,214,000 after acquiring an additional 473,909 shares in the last quarter. Finally, Earnest Partners LLC grew its stake in Arrow Electronics by 5.5% during the 4th quarter. Earnest Partners LLC now owns 1,486,157 shares of the technology company's stock valued at $168,114,000 after purchasing an additional 77,396 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Arrow Electronics Stock Performance

Shares of NYSE ARW traded up $1.73 during trading on Monday, reaching $116.88. The stock had a trading volume of 94,038 shares, compared to its average volume of 485,364. 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 stock has a market cap of $6.06 billion, a PE ratio of 16.06, a P/E/G ratio of 0.52 and a beta of 1.10. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80. The firm's 50 day moving average price is $104.45 and its two-hundred day moving average price is $112.96.

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

Insider Buying and Selling

In related news, 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, with a total value of $197,828.00. Following the completion of the acquisition, the director now owns 7,858 shares of the company's stock, valued at $818,174.96. This trade 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 accessible through this hyperlink. Also, CAO Yun Sung Cho sold 353 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $112.11, for a total value of $39,574.83. Following the completion of the sale, the chief accounting officer now directly owns 1,549 shares in the company, valued at approximately $173,658.39. This trade represents a 18.56 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Bank of America cut Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Wells Fargo & Company reduced 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 issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $121.25.

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.