iSAM Funds UK Ltd Acquires Shares of 3,182 Arrow Electronics, Inc. (NYSE:ARW)

iSAM Funds UK Ltd bought a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,182 shares of the technology company's stock, valued at approximately $360,000.

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

Insider Buying and Selling

In other news, insider Eric Nowak sold 4,952 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $122.39, for a total transaction of $606,075.28. Following the transaction, the insider now owns 43,895 shares in the company, valued at approximately $5,372,309.05. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gail Hamilton sold 1,458 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $122.39, for a total transaction of $178,444.62. Following the completion of the sale, the director now owns 101 shares of the company's stock, valued at $12,361.39. This represents a 93.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Arrow Electronics Stock Down 1.6%

Arrow Electronics stock traded down $1.96 during mid-day trading on Monday, hitting $117.19. The company's stock had a trading volume of 264,306 shares, compared to its average volume of 493,086. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week high of $137.80. The company has a market cap of $6.08 billion, a PE ratio of 16.10, 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 current ratio of 1.46 and a quick ratio of 1.08. The firm's 50 day moving average is $108.36 and its 200 day moving average is $111.97.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $1.80 earnings per share for the quarter, beating 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 quarter in the prior year, the business earned $2.41 EPS. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

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.