Css LLC Il Raises Position in Arrow Electronics, Inc. (NYSE:ARW)

Css LLC Il lifted its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 35.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,630 shares of the technology company's stock after acquiring an additional 2,530 shares during the quarter. Css LLC Il's holdings in Arrow Electronics were worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. BOK Financial Private Wealth Inc. purchased a new stake in Arrow Electronics during the 4th quarter worth about $25,000. Brown Brothers Harriman & Co. acquired a new position in shares of Arrow Electronics during the fourth quarter worth about $31,000. New Age Alpha Advisors LLC purchased a new stake in shares of Arrow Electronics during the fourth quarter worth approximately $47,000. Principal Securities Inc. raised its holdings in Arrow Electronics by 35.7% in the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock valued at $54,000 after acquiring an additional 126 shares in the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in Arrow Electronics in the fourth quarter worth approximately $55,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Arrow Electronics Stock Down 1.6%

Shares of NYSE:ARW opened at $118.72 on Thursday. The firm has a 50 day simple moving average of $107.89 and a 200-day simple moving average of $112.12. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $6.16 billion, a PE ratio of 16.31, a P/E/G ratio of 0.52 and a beta of 1.10.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings results 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 net margin of 1.40% and a return on equity of 9.69%. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.32 billion. During the same period last year, the business earned $2.41 EPS. Arrow Electronics's revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ARW shares. Bank of America downgraded shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th. Wells Fargo & Company dropped their target price on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a report 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $121.25.

Insider Activity

In other news, CAO Yun Sung Cho sold 353 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $173,658.39. This represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric Nowak sold 4,952 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $122.39, for a total transaction of $606,075.28. Following the sale, the insider now owns 43,895 shares of the company's stock, valued at $5,372,309.05. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,763 shares of company stock valued at $824,095. Insiders own 1.00% of the company's stock.

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.

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