Brevan Howard Capital Management LP Acquires Shares of 15,094 Arrow Electronics, Inc. (NYSE:ARW)

Brevan Howard Capital Management LP bought a new position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 15,094 shares of the technology company's stock, valued at approximately $1,707,000.

A number of other institutional investors have also recently made changes to their positions in ARW. BOK Financial Private Wealth Inc. bought a new stake in Arrow Electronics in the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. acquired a new position in shares of Arrow Electronics in the 4th quarter worth approximately $31,000. New Age Alpha Advisors LLC bought a new stake in shares of Arrow Electronics in the 4th quarter valued at $47,000. Principal Securities Inc. increased its position in shares of Arrow Electronics by 35.7% during the fourth 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 period. Finally, CoreFirst Bank & Trust bought a new position in Arrow Electronics during the fourth quarter worth $55,000. Institutional investors own 99.34% of the company's stock.

Insiders Place Their Bets

In other Arrow Electronics news, Director William F. Austen bought 1,900 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price 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. The trade was a 31.89 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Yun Sung Cho sold 353 shares of Arrow Electronics stock in a transaction dated 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 of the company's stock, 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 Stock Down 0.3 %

Shares of ARW traded down $0.38 during trading hours on Friday, hitting $117.96. The stock had a trading volume of 425,191 shares, compared to its average volume of 487,455. Arrow Electronics, Inc. has a 1-year low of $86.50 and a 1-year high of $137.80. The firm has a market capitalization of $6.12 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 0.52 and a beta of 1.10. The firm has a 50 day simple moving average of $105.40 and a 200-day simple moving average of $112.64. 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 data on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $6.32 billion. During the same quarter last year, the firm posted $2.41 earnings per share. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. Sell-side analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Bank of America cut shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th. Wells Fargo & Company cut their target price on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a research report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price 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.