Mackenzie Financial Corp Has $3.94 Million Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Mackenzie Financial Corp grew its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 247.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,851 shares of the technology company's stock after acquiring an additional 24,811 shares during the quarter. Mackenzie Financial Corp owned 0.07% of Arrow Electronics worth $3,942,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ARW. Flagship Harbor Advisors LLC increased its stake in Arrow Electronics by 16.8% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,053 shares of the technology company's stock worth $232,000 after purchasing an additional 295 shares in the last quarter. Blue Trust Inc. increased its stake in Arrow Electronics by 22.5% during the 4th quarter. Blue Trust Inc. now owns 4,943 shares of the technology company's stock worth $559,000 after purchasing an additional 907 shares in the last quarter. KBC Group NV increased its stake in Arrow Electronics by 73.6% during the 4th quarter. KBC Group NV now owns 2,464 shares of the technology company's stock worth $279,000 after purchasing an additional 1,045 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in Arrow Electronics by 19.0% during the 4th quarter. Foundations Investment Advisors LLC now owns 2,153 shares of the technology company's stock worth $244,000 after purchasing an additional 343 shares in the last quarter. Finally, Moody Aldrich Partners LLC bought a new stake in Arrow Electronics during the 4th quarter worth approximately $1,573,000. 99.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on ARW. Wells Fargo & Company lowered their target price 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 cut Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th.

Arrow Electronics Stock Down 0.7%

NYSE:ARW traded down $0.80 during trading hours on Friday, reaching $118.47. 539,357 shares of the stock were exchanged, compared to its average volume of 493,344. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80. 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 has a 50 day moving average of $109.52 and a 200 day moving average of $112.06. The stock has a market cap of $6.15 billion, a PE ratio of 16.27, a PEG ratio of 0.52 and a beta of 1.10.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share 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 prior year, the firm posted $2.41 EPS. The business's revenue was down 1.6% on a year-over-year basis. On average, equities analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Eric Nowak sold 4,952 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $122.39, for a total value of $606,075.28. Following the completion of the sale, the insider now owns 43,895 shares of the company's stock, valued at approximately $5,372,309.05. This represents a 10.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gail Hamilton sold 1,458 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $122.39, for a total value of $178,444.62. Following the completion of the sale, the director now directly owns 101 shares of the company's stock, valued at approximately $12,361.39. The trade was a 93.52% decrease in their position. The disclosure for this sale can be found here. 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.