Arrow Electronics, Inc. (NYSE:ARW) Stock Position Lifted by Ethic Inc.

Ethic Inc. raised its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 29.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,101 shares of the technology company's stock after buying an additional 3,244 shares during the quarter. Ethic Inc.'s holdings in Arrow Electronics were worth $1,595,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ARW. Franklin Resources Inc. increased its stake in shares of Arrow Electronics by 1,072.6% in the third quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company's stock worth $5,564,000 after acquiring an additional 37,746 shares during the last quarter. Lind Value II ApS increased its position in Arrow Electronics by 36.3% in the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company's stock worth $73,374,000 after purchasing an additional 172,669 shares during the last quarter. Polaris Capital Management LLC increased its position in Arrow Electronics by 1.1% in the 4th quarter. Polaris Capital Management LLC now owns 261,203 shares of the technology company's stock worth $29,547,000 after purchasing an additional 2,800 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Arrow Electronics by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 498,907 shares of the technology company's stock worth $56,436,000 after purchasing an additional 14,971 shares in the last quarter. Finally, Choreo LLC acquired a new stake in shares of Arrow Electronics during the 4th quarter valued at about $422,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on ARW. Wells Fargo & Company dropped their price objective on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a report on Friday, February 7th. Bank of America lowered shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Arrow Electronics has a consensus rating of "Hold" and a consensus price target of $121.25.

Arrow Electronics Stock Up 3.3%

Shares of ARW stock opened at $121.88 on Tuesday. The stock's 50 day simple moving average is $105.72 and its 200 day simple moving average is $112.28. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve 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 company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 0.52 and a beta of 1.10.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.33. The company had revenue of $6.81 billion for 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%. The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.41 earnings per share. As a group, research analysts predict 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 the firm's stock in a transaction 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 sale, the chief accounting officer now owns 1,549 shares in the company, valued at approximately $173,658.39. This trade represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William F. Austen bought 1,900 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the transaction, the director now directly owns 7,858 shares of the company's stock, valued at $818,174.96. This trade represents a 31.89% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company's stock.

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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