Lecap Asset Management Ltd. Acquires New Shares in Arrow Electronics, Inc. (NYSE:ARW)

Lecap Asset Management Ltd. bought a new stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,296 shares of the technology company's stock, valued at approximately $1,259,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oak Thistle LLC acquired a new position in shares of Arrow Electronics in the fourth quarter valued at approximately $1,012,000. AustralianSuper Pty Ltd boosted its stake in shares of Arrow Electronics by 172.5% in the fourth quarter. AustralianSuper Pty Ltd now owns 92,990 shares of the technology company's stock valued at $11,368,000 after buying an additional 58,866 shares during the period. South Dakota Investment Council boosted its stake in shares of Arrow Electronics by 3.3% in the third quarter. South Dakota Investment Council now owns 74,556 shares of the technology company's stock valued at $9,337,000 after buying an additional 2,372 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Arrow Electronics by 79.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 20,443 shares of the technology company's stock valued at $2,560,000 after buying an additional 9,056 shares during the period. Finally, Greenhaven Associates Inc. boosted its stake in shares of Arrow Electronics by 3.9% in the fourth quarter. Greenhaven Associates Inc. now owns 1,826,528 shares of the technology company's stock valued at $223,293,000 after buying an additional 69,400 shares during the period. Institutional investors and hedge funds own 99.34% of the company's stock.

Analyst Ratings Changes

Separately, Truist Financial cut their price target on Arrow Electronics from $128.00 to $124.00 and set a "hold" rating for the company in a research note on Friday, February 9th.

Arrow Electronics Price Performance

Shares of ARW stock traded down $3.48 during trading on Friday, hitting $124.25. The company had a trading volume of 624,640 shares, compared to its average volume of 462,226. The stock's 50-day moving average price is $120.09 and its 200 day moving average price is $119.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.39. Arrow Electronics, Inc. has a one year low of $108.51 and a one year high of $147.42. The firm has a market capitalization of $6.71 billion, a P/E ratio of 7.87 and a beta of 1.41.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its earnings results on Thursday, February 8th. The technology company reported $3.98 earnings per share for the quarter, topping the consensus estimate of $3.72 by $0.26. Arrow Electronics had a return on equity of 17.22% and a net margin of 2.73%. The firm had revenue of $7.85 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same period in the prior year, the company earned $5.69 earnings per share. The company's quarterly revenue was down 15.8% on a year-over-year basis. Equities analysts expect that Arrow Electronics, Inc. will post 11.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other Arrow Electronics news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total transaction of $180,895.00. Following the completion of the sale, the senior vice president now directly owns 15,271 shares in the company, valued at $1,847,791. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Yun Sung Cho sold 739 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $117.22, for a total transaction of $86,625.58. Following the completion of the transaction, the chief accounting officer now directly owns 1,389 shares in the company, valued at $162,818.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total transaction of $180,895.00. Following the transaction, the senior vice president now owns 15,271 shares of the company's stock, valued at $1,847,791. The disclosure for this sale can be found here. Insiders sold 4,134 shares of company stock worth $488,795 over the last three months. Insiders own 1.00% of the company's stock.

About Arrow Electronics

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.