Mirabella Financial Services LLP Acquires New Shares in Arrow Electronics, Inc. (NYSE:ARW)

Mirabella Financial Services LLP acquired a new position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 26,376 shares of the technology company's stock, valued at approximately $2,984,000. Mirabella Financial Services LLP owned about 0.05% of Arrow Electronics at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ARW. Jane Street Group LLC increased its position in Arrow Electronics by 27.9% during the third quarter. Jane Street Group LLC now owns 11,497 shares of the technology company's stock worth $1,527,000 after buying an additional 2,509 shares during the last quarter. Te Ahumairangi Investment Management Ltd increased its holdings in shares of Arrow Electronics by 4.6% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 31,847 shares of the technology company's stock worth $4,206,000 after acquiring an additional 1,400 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Arrow Electronics during the 3rd quarter worth approximately $621,000. Tidal Investments LLC raised its stake in Arrow Electronics by 3.5% in the 3rd quarter. Tidal Investments LLC now owns 7,223 shares of the technology company's stock valued at $959,000 after acquiring an additional 245 shares during the period. Finally, Synovus Financial Corp lifted its holdings in Arrow Electronics by 6.0% during the 3rd quarter. Synovus Financial Corp now owns 3,155 shares of the technology company's stock valued at $419,000 after purchasing an additional 178 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Analysts Set New Price Targets

ARW has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a research report on Friday, February 7th. Bank of America cut shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $121.25.

Arrow Electronics Stock Performance

Shares of ARW traded down $1.30 during midday trading on Friday, reaching $110.78. 261,252 shares of the stock were exchanged, compared to its average volume of 477,536. The stock's 50 day simple moving average is $104.31 and its 200 day simple moving average is $114.15. The company has a market cap of $5.75 billion, a P/E ratio of 15.19, a PEG ratio of 0.52 and a beta of 1.18. 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.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings data 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, sell-side analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

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.