Earnest Partners LLC Boosts Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

Earnest Partners LLC increased its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,486,157 shares of the technology company's stock after purchasing an additional 77,396 shares during the quarter. Earnest Partners LLC owned approximately 2.83% of Arrow Electronics worth $168,114,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meixler Investment Management Ltd. grew its position in Arrow Electronics by 2.6% in the fourth quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company's stock worth $387,000 after acquiring an additional 88 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Arrow Electronics by 1.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company's stock worth $539,000 after purchasing an additional 89 shares during the period. Ironwood Investment Management LLC raised its holdings in shares of Arrow Electronics by 0.4% in the fourth quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company's stock valued at $2,550,000 after acquiring an additional 100 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Arrow Electronics by 24.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company's stock worth $64,000 after purchasing an additional 112 shares during the period. Finally, 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 acquiring an additional 126 shares during the period. Institutional investors own 99.34% of the company's stock.

Arrow Electronics Stock Performance

ARW stock traded up $3.11 during midday trading on Friday, reaching $116.18. The stock had a trading volume of 287,628 shares, compared to its average volume of 486,749. The firm has a fifty day simple moving average of $104.35 and a two-hundred day simple moving average of $113.42. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week 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 stock has a market cap of $6.03 billion, a PE ratio of 15.96, a P/E/G ratio of 0.52 and a beta of 1.18.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its earnings results 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 quarter in the previous year, the company posted $2.41 earnings per share. The company's revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Insider Buying and Selling

In other news, CAO Yun Sung Cho sold 353 shares of Arrow Electronics stock in a transaction that occurred 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 directly owns 1,549 shares of the company's stock, valued at $173,658.39. The trade was a 18.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William F. Austen purchased 1,900 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the completion of 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 disclosure for this purchase can be found here. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.