Canada Pension Plan Investment Board Has $2.78 Million Position in Arrow Electronics, Inc. (NYSE:ARW)

Canada Pension Plan Investment Board increased its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 33.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,600 shares of the technology company's stock after acquiring an additional 6,200 shares during the quarter. Canada Pension Plan Investment Board's holdings in Arrow Electronics were worth $2,783,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ARW. BOK Financial Private Wealth Inc. purchased a new stake in shares of Arrow Electronics in the fourth quarter valued at $25,000. Brown Brothers Harriman & Co. purchased a new stake in Arrow Electronics in the 4th quarter worth about $31,000. New Age Alpha Advisors LLC purchased a new position in Arrow Electronics during the 4th quarter valued at about $47,000. Principal Securities Inc. increased its holdings in shares of Arrow Electronics by 35.7% in the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock valued at $54,000 after purchasing an additional 126 shares during the period. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Arrow Electronics in the fourth quarter worth approximately $55,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Insider Buying and Selling

In related news, CAO Yun Sung Cho sold 353 shares of the 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 completion of the sale, the chief accounting officer now owns 1,549 shares in the company, valued at $173,658.39. This represents a 18.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William F. Austen purchased 1,900 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the transaction, the director now owns 7,858 shares in the company, valued at approximately $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ARW. Wells Fargo & Company dropped 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. Bank of America cut Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $121.25.

Arrow Electronics Stock Up 1.1 %

Shares of ARW traded up $1.28 during mid-day trading on Monday, hitting $113.00. 729,753 shares of the company's stock were exchanged, compared to its average volume of 481,309. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80. The firm has a fifty day moving average of $104.35 and a two-hundred day moving average of $113.60. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 0.52 and a beta of 1.18.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

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.