Frontier Capital Management Co. LLC Acquires 14,651 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Frontier Capital Management Co. LLC increased its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 311,165 shares of the technology company's stock after purchasing an additional 14,651 shares during the period. Frontier Capital Management Co. LLC owned approximately 0.59% of Arrow Electronics worth $35,199,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ARW. FMR LLC raised its holdings in shares of Arrow Electronics by 208.8% during the fourth quarter. FMR LLC now owns 1,343,090 shares of the technology company's stock valued at $151,930,000 after purchasing an additional 908,185 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Arrow Electronics by 163.7% during the fourth quarter. Bank of America Corp DE now owns 1,176,527 shares of the technology company's stock valued at $133,089,000 after purchasing an additional 730,408 shares during the last quarter. Fiduciary Management Inc. WI increased its holdings in Arrow Electronics by 44.1% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock valued at $175,214,000 after buying an additional 473,909 shares during the last quarter. Boston Partners increased its holdings in Arrow Electronics by 14.8% during the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock valued at $280,138,000 after buying an additional 318,329 shares during the last quarter. Finally, Lind Value II ApS increased its holdings in Arrow Electronics by 36.3% during the fourth quarter. Lind Value II ApS now owns 648,637 shares of the technology company's stock valued at $73,374,000 after buying an additional 172,669 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ARW has been the subject of a number of research reports. Bank of America cut shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Wells Fargo & Company reduced their target price on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Arrow Electronics currently has a consensus rating of "Hold" and a consensus target price of $121.25.

Insider Transactions at Arrow Electronics

In other news, Director William F. Austen acquired 1,900 shares of Arrow Electronics stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $104.12 per share, with a total value of $197,828.00. Following the completion of the purchase, the director now directly owns 7,858 shares in the company, valued at approximately $818,174.96. This trade represents a 31.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Yun Sung Cho sold 237 shares of the firm's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $108.73, for a total transaction of $25,769.01. Following the transaction, the chief accounting officer now directly owns 2,086 shares of the company's stock, valued at $226,810.78. The trade was a 10.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Arrow Electronics Stock Performance

ARW stock traded down $0.38 during midday trading on Friday, reaching $117.96. 425,191 shares of the company's stock traded hands, compared to its average volume of 487,894. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week high of $137.80. The stock has a market cap of $6.12 billion, a P/E ratio of 16.20, a PEG ratio of 0.52 and a beta of 1.10. 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 stock's 50-day moving average is $105.40 and its 200 day moving average is $112.36.

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