Khrom Capital Management LLC Buys 84,863 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Khrom Capital Management LLC boosted its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 23.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 443,225 shares of the technology company's stock after purchasing an additional 84,863 shares during the period. Arrow Electronics comprises 5.7% of Khrom Capital Management LLC's portfolio, making the stock its 8th largest position. Khrom Capital Management LLC owned 0.84% of Arrow Electronics worth $50,138,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ARW. Jane Street Group LLC boosted its stake in shares of Arrow Electronics by 27.9% during the 3rd quarter. Jane Street Group LLC now owns 11,497 shares of the technology company's stock valued at $1,527,000 after buying an additional 2,509 shares during the last quarter. Te Ahumairangi Investment Management Ltd raised its holdings in Arrow Electronics by 4.6% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 31,847 shares of the technology company's stock valued at $4,206,000 after acquiring an additional 1,400 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Arrow Electronics during the 3rd quarter valued at $621,000. Tidal Investments LLC grew its holdings in Arrow Electronics by 3.5% during the 3rd quarter. Tidal Investments LLC now owns 7,223 shares of the technology company's stock worth $959,000 after acquiring an additional 245 shares in the last quarter. Finally, Synovus Financial Corp increased its position in shares of Arrow Electronics by 6.0% in the 3rd quarter. Synovus Financial Corp now owns 3,155 shares of the technology company's stock worth $419,000 after purchasing an additional 178 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Arrow Electronics Stock Performance

Shares of NYSE:ARW traded down $0.25 during trading on Friday, reaching $111.83. 718,445 shares of the company's stock traded hands, compared to its average volume of 480,311. The stock has a market capitalization of $5.80 billion, a P/E ratio of 15.36, 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 50 day moving average of $104.32 and a 200-day moving average of $113.87. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, topping 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, equities analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Insider Buying and Selling at Arrow Electronics

In other news, CAO Yun Sung Cho sold 353 shares of Arrow Electronics stock in a transaction that occurred on Monday, February 24th. The stock was 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 of the company's stock, valued at approximately $173,658.39. The trade was a 18.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William F. Austen acquired 1,900 shares of Arrow Electronics stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $104.12 per share, with a total value of $197,828.00. Following the completion of the transaction, the director now owns 7,858 shares of the company's stock, valued at approximately $818,174.96. This trade 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

Several equities analysts have recently commented on ARW shares. Wells Fargo & Company reduced their price target 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 lowered Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $121.25.

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.