Brevan Howard Capital Management LP Takes $1.71 Million Position in 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 the company in its most recent Form 13F filing with the SEC. The firm bought 15,094 shares of the technology company's stock, valued at approximately $1,707,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ARW. Franklin Resources Inc. grew its position in shares of Arrow Electronics by 1,072.6% in the 3rd quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company's stock valued at $5,564,000 after buying an additional 37,746 shares during the last quarter. Lind Value II ApS boosted its holdings in shares of Arrow Electronics by 36.3% in the fourth quarter. Lind Value II ApS now owns 648,637 shares of the technology company's stock valued at $73,374,000 after acquiring an additional 172,669 shares in the last quarter. GAMMA Investing LLC grew its position in Arrow Electronics by 24.0% during the fourth quarter. GAMMA Investing LLC now owns 862 shares of the technology company's stock worth $98,000 after buying an additional 167 shares during the period. Polaris Capital Management LLC boosted its stake in shares of Arrow Electronics by 1.1% during the fourth quarter. Polaris Capital Management LLC now owns 261,203 shares of the technology company's stock valued at $29,547,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Arrow Electronics by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 498,907 shares of the technology company's stock valued at $56,436,000 after acquiring an additional 14,971 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Arrow Electronics Stock Up 3.6%

Shares of ARW traded up $4.26 during trading on Monday, reaching $122.19. The company's stock had a trading volume of 109,142 shares, compared to its average volume of 486,426. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 0.52 and a beta of 1.10. The company has a fifty day moving average of $105.40 and a two-hundred day moving average of $112.36.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, topping 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 the consensus estimate of $6.32 billion. During the same period in the prior year, the business earned $2.41 EPS. The firm's revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ARW. Wells Fargo & Company decreased their price target on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a research note on Friday, February 7th. Bank of America lowered Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Arrow Electronics currently has a consensus rating of "Hold" and a consensus price target of $121.25.

Insider Activity at Arrow Electronics

In other Arrow Electronics news, Director William F. Austen bought 1,900 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $104.12 per share, with a total value of $197,828.00. Following the acquisition, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Yun Sung Cho sold 353 shares of the business'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 completion of the sale, the chief accounting officer now directly owns 1,549 shares in the company, valued at approximately $173,658.39. This represents a 18.56% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

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.