Invesco Ltd. Lowers Position in Arrow Electronics, Inc. (NYSE:ARW)

Invesco Ltd. reduced its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 359,271 shares of the technology company's stock after selling 5,170 shares during the period. Invesco Ltd. owned 0.68% of Arrow Electronics worth $40,641,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in shares of Arrow Electronics by 1,072.6% during the 3rd quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company's stock valued at $5,564,000 after purchasing an additional 37,746 shares during the last quarter. 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 worth $73,374,000 after buying an additional 172,669 shares during the last quarter. JPMorgan Chase & Co. raised its position in Arrow Electronics by 115.0% in the third quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company's stock worth $41,948,000 after acquiring an additional 168,904 shares during the period. GAMMA Investing LLC boosted its stake in Arrow Electronics by 24.0% in the fourth quarter. GAMMA Investing LLC now owns 862 shares of the technology company's stock valued at $98,000 after acquiring an additional 167 shares during the last quarter. Finally, Polaris Capital Management LLC boosted its stake in Arrow Electronics by 1.1% in the fourth quarter. Polaris Capital Management LLC now owns 261,203 shares of the technology company's stock valued at $29,547,000 after acquiring an additional 2,800 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Arrow Electronics Stock Performance

Shares of NYSE ARW traded up $2.72 during midday trading on Tuesday, hitting $104.93. The company's stock had a trading volume of 628,338 shares, compared to its average volume of 475,294. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 0.52 and a beta of 1.18. 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 has a fifty day moving average price of $104.27 and a 200 day moving average price of $114.33. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. On average, research analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director William F. Austen bought 1,900 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $104.12 per share, with a total value of $197,828.00. Following the acquisition, the director now owns 7,858 shares of the company's stock, valued at approximately $818,174.96. The trade was a 31.89 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Yun Sung Cho sold 237 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $108.73, for a total transaction of $25,769.01. Following the completion of the sale, the chief accounting officer now owns 2,086 shares in the company, valued at $226,810.78. This represents a 10.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ARW. 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 lowered their target price on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Arrow Electronics presently has a consensus rating of "Hold" and an average price target of $121.25.

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.