Arrow Electronics, Inc. (NYSE:ARW) Stake Boosted by Jane Street Group LLC

Jane Street Group LLC raised its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 726.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,040 shares of the technology company's stock after purchasing an additional 83,543 shares during the quarter. Jane Street Group LLC owned 0.18% of Arrow Electronics worth $10,751,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Comerica Bank grew its stake in Arrow Electronics by 13.6% during the fourth quarter. Comerica Bank now owns 22,005 shares of the technology company's stock worth $2,489,000 after buying an additional 2,637 shares during the period. Northern Trust Corp boosted its position in Arrow Electronics by 15.6% during the 4th quarter. Northern Trust Corp now owns 632,255 shares of the technology company's stock worth $71,521,000 after purchasing an additional 85,207 shares during the period. Earnest Partners LLC increased its holdings 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 purchasing an additional 77,396 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Arrow Electronics in the fourth quarter valued at about $4,566,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Arrow Electronics during the fourth quarter worth about $414,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ARW shares. Bank of America cut shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th. Wells Fargo & Company dropped their price target 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. 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. Based on data from MarketBeat.com, Arrow Electronics presently has an average rating of "Hold" and an average target price of $121.25.

Arrow Electronics Stock Down 0.3 %

Shares of ARW traded down $0.38 during trading on Friday, reaching $117.96. The company's stock had a trading volume of 425,191 shares, compared to its average volume of 487,455. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 0.52 and a beta of 1.10. The company has a fifty day moving average of $105.40 and a two-hundred day moving average of $112.64.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share for the quarter, beating 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 firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.32 billion. During the same quarter in the previous year, the firm earned $2.41 earnings per share. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. On average, sell-side analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Yun Sung Cho sold 353 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $112.11, for a total transaction of $39,574.83. Following the completion of the transaction, the chief accounting officer now directly owns 1,549 shares in the company, valued at approximately $173,658.39. The trade was a 18.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William F. Austen purchased 1,900 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $104.12 per share, with a total value of $197,828.00. Following the purchase, the director now owns 7,858 shares of the company's stock, valued at approximately $818,174.96. This represents a 31.89 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company's stock.

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.