Vise Technologies Inc. Purchases New Shares in Arrow Electronics, Inc. (NYSE:ARW)

Vise Technologies Inc. acquired a new position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,503 shares of the technology company's stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Arrow Electronics by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company's stock valued at $331,493,000 after purchasing an additional 91,310 shares in the last quarter. Boston Partners raised its holdings in shares of Arrow Electronics by 14.8% during the 4th quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock valued at $280,138,000 after purchasing an additional 318,329 shares in the last quarter. Fiduciary Management Inc. WI boosted its holdings in shares of Arrow Electronics by 44.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock worth $175,214,000 after buying an additional 473,909 shares during the period. Earnest Partners LLC grew its stake in Arrow Electronics by 5.5% in the 4th quarter. Earnest Partners LLC now owns 1,486,157 shares of the technology company's stock valued at $168,114,000 after buying an additional 77,396 shares during the last quarter. Finally, Lyrical Asset Management LP grew its stake in Arrow Electronics by 0.7% in the 4th quarter. Lyrical Asset Management LP now owns 1,454,883 shares of the technology company's stock valued at $164,576,000 after buying an additional 9,670 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Insider Activity at Arrow Electronics

In other Arrow Electronics news, Director Gail Hamilton sold 1,458 shares of Arrow Electronics 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 transaction, the director now owns 101 shares of the company's stock, valued at approximately $12,361.39. The trade was a 93.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Eric Nowak sold 4,952 shares of the business'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 $606,075.28. Following the completion of the sale, the insider now directly owns 43,895 shares in the company, valued at approximately $5,372,309.05. This represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a research note on Friday, February 7th. Bank of America lowered shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th.

Arrow Electronics Price Performance

ARW traded down $0.80 during midday trading on Friday, hitting $118.47. The company had a trading volume of 539,357 shares, compared to its average volume of 492,665. 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 company has a market capitalization of $6.15 billion, a PE ratio of 16.27, a P/E/G ratio of 0.52 and a beta of 1.10. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80. The firm's 50-day simple moving average is $109.29 and its 200-day simple moving average is $112.04.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.33. The firm had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.32 billion. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. The business's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.41 earnings per share. Equities research analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

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.