UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 42,290 Shares of Arrow Electronics, Inc. (NYSE:ARW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 29.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 185,085 shares of the technology company's stock after buying an additional 42,290 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.35% of Arrow Electronics worth $20,937,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ARW. Voloridge Investment Management LLC raised its stake in shares of Arrow Electronics by 20.9% in the fourth quarter. Voloridge Investment Management LLC now owns 354,007 shares of the technology company's stock valued at $40,045,000 after buying an additional 61,280 shares during the period. iSAM Funds UK Ltd purchased a new stake in shares of Arrow Electronics during the 4th quarter valued at approximately $360,000. Twinbeech Capital LP purchased a new stake in shares of Arrow Electronics during the 4th quarter valued at approximately $1,017,000. Tidal Investments LLC lifted its stake in shares of Arrow Electronics by 1,666.9% during the 4th quarter. Tidal Investments LLC now owns 127,620 shares of the technology company's stock valued at $14,436,000 after buying an additional 120,397 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC lifted its stake in shares of Arrow Electronics by 56.1% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 2,491 shares of the technology company's stock valued at $282,000 after buying an additional 895 shares in the last quarter. Institutional investors own 99.34% of the company's stock.

Insider Buying and Selling

In other news, Director Gail Hamilton sold 1,458 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 $178,444.62. Following the completion of the transaction, the director now owns 101 shares of the company's stock, valued at approximately $12,361.39. This represents a 93.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric Nowak sold 4,952 shares of the stock in a transaction 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 transaction, the insider now owns 43,895 shares of the company's stock, valued at approximately $5,372,309.05. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Arrow Electronics Price Performance

ARW traded down $0.80 during midday trading on Friday, hitting $118.47. The stock had a trading volume of 539,357 shares, compared to its average volume of 492,665. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year 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 business has a fifty day moving average of $109.29 and a 200 day moving average of $112.04. The company has a market cap of $6.15 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 0.52 and a beta of 1.10.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share 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 business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.32 billion. During the same period in the previous year, the firm posted $2.41 earnings per share. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities analysts forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wells Fargo & Company reduced their price target on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a research report on Friday, February 7th. Bank of America downgraded shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th.

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.