Comerica Bank Boosts Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Comerica Bank increased its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 13.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 22,005 shares of the technology company's stock after purchasing an additional 2,637 shares during the period. Comerica Bank's holdings in Arrow Electronics were worth $2,489,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ARW. Dimensional Fund Advisors LP increased its stake in Arrow Electronics by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company's stock worth $331,493,000 after buying an additional 91,310 shares during the period. Boston Partners increased its position in shares of Arrow Electronics by 14.8% during the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock worth $280,138,000 after acquiring an additional 318,329 shares during the period. Greenhaven Associates Inc. raised its stake in shares of Arrow Electronics by 1.1% in the fourth quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company's stock valued at $215,477,000 after acquiring an additional 20,484 shares in the last quarter. Fiduciary Management Inc. WI boosted its holdings in Arrow Electronics by 44.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock valued at $175,214,000 after purchasing an additional 473,909 shares during the period. Finally, Earnest Partners LLC grew its stake in Arrow Electronics by 5.5% during the 4th quarter. Earnest Partners LLC now owns 1,486,157 shares of the technology company's stock worth $168,114,000 after purchasing an additional 77,396 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Arrow Electronics Stock Down 0.3 %

ARW stock traded down $0.38 during midday trading on Friday, reaching $117.96. 425,191 shares of the company were exchanged, compared to its average volume of 487,894. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 0.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46. Arrow Electronics, Inc. has a 1-year low of $86.50 and a 1-year high of $137.80. The stock's 50-day simple moving average is $105.40 and its 200 day simple moving average is $112.36.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.33. The firm had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.32 billion. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. Arrow Electronics's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.41 earnings per share. On average, equities analysts forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Insider Buying and Selling

In related news, Director William F. Austen purchased 1,900 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Yun Sung Cho sold 353 shares of Arrow Electronics stock in a transaction on Monday, February 24th. The shares were sold at an average price of $112.11, for a total transaction of $39,574.83. Following the completion of the transaction, 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 disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wells Fargo & Company decreased their price objective on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, February 7th. Bank of America downgraded shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Arrow Electronics presently has an average rating of "Hold" and an average price target of $121.25.

About Arrow Electronics

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.