Deutsche Bank AG Increases Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Deutsche Bank AG raised its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 614.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,406 shares of the technology company's stock after buying an additional 41,631 shares during the quarter. Deutsche Bank AG owned about 0.09% of Arrow Electronics worth $5,476,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. bought a new stake in shares of Arrow Electronics in the 4th quarter worth $25,000. Brown Brothers Harriman & Co. bought a new stake in shares of Arrow Electronics in the 4th quarter worth $31,000. New Age Alpha Advisors LLC bought a new stake in shares of Arrow Electronics in the 4th quarter worth $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 worth $54,000 after purchasing an additional 126 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in shares of Arrow Electronics in the 4th quarter worth $55,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Analyst Upgrades and Downgrades

ARW has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their target price on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, February 7th. Bank of America lowered Arrow Electronics from a "neutral" rating to an "underperform" rating in a 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $121.25.

Arrow Electronics Stock Performance

Shares of ARW traded up $0.42 during trading hours on Thursday, hitting $119.11. The stock had a trading volume of 316,482 shares, compared to its average volume of 491,706. 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, Inc. has a 12 month low of $86.50 and a 12 month high of $137.80. The firm has a market capitalization of $6.18 billion, a PE ratio of 16.36, a PEG ratio of 0.52 and a beta of 1.10. The stock has a fifty day moving average price of $107.89 and a 200 day moving average price of $112.12.

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 the consensus estimate of $1.47 by $0.33. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.32 billion. During the same quarter in the previous year, the company posted $2.41 earnings per share. Arrow Electronics's revenue was down 1.6% compared to the same quarter last year. Analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Insider Buying and Selling

In related news, CAO Yun Sung Cho sold 353 shares of Arrow Electronics stock in a transaction 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 transaction, the chief accounting officer now directly owns 1,549 shares in the company, valued at approximately $173,658.39. The trade was a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, 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. Insiders sold 6,763 shares of company stock valued at $824,095 over the last 90 days. Company insiders own 1.00% of the company's stock.

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.