River Road Asset Management LLC Acquires Shares of 149,137 Arrow Electronics, Inc. (NYSE:ARW)

River Road Asset Management LLC purchased a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 149,137 shares of the technology company's stock, valued at approximately $18,232,000. River Road Asset Management LLC owned about 0.28% of Arrow Electronics at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vinva Investment Management Ltd boosted its stake in Arrow Electronics by 4.7% during the third quarter. Vinva Investment Management Ltd now owns 1,888 shares of the technology company's stock valued at $243,000 after buying an additional 85 shares during the last quarter. Gladius Capital Management LP boosted its stake in Arrow Electronics by 27.1% during the third quarter. Gladius Capital Management LP now owns 441 shares of the technology company's stock valued at $55,000 after buying an additional 94 shares during the last quarter. IFP Advisors Inc boosted its stake in Arrow Electronics by 33.0% during the third quarter. IFP Advisors Inc now owns 403 shares of the technology company's stock valued at $50,000 after buying an additional 100 shares during the last quarter. Wetherby Asset Management Inc. raised its position in Arrow Electronics by 3.5% during the first quarter. Wetherby Asset Management Inc. now owns 3,021 shares of the technology company's stock valued at $358,000 after purchasing an additional 101 shares during the period. Finally, Nilsine Partners LLC raised its position in Arrow Electronics by 2.3% during the third quarter. Nilsine Partners LLC now owns 4,861 shares of the technology company's stock valued at $609,000 after purchasing an additional 110 shares during the period. 99.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Truist Financial decreased their price objective on Arrow Electronics from $128.00 to $124.00 and set a "hold" rating on the stock in a research report on Friday, February 9th.

Insider Transactions at Arrow Electronics

In other news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total value of $180,895.00. Following the sale, the senior vice president now directly owns 15,271 shares in the company, valued at $1,847,791. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total value of $180,895.00. Following the sale, the senior vice president now directly owns 15,271 shares in the company, valued at $1,847,791. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Yun Sung Cho sold 739 shares of the firm's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $117.22, for a total value of $86,625.58. Following the transaction, the chief accounting officer now owns 1,389 shares in the company, valued at $162,818.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,134 shares of company stock worth $488,795. 1.00% of the stock is currently owned by company insiders.

Arrow Electronics Trading Up 0.1 %

ARW stock traded up $0.08 during midday trading on Thursday, reaching $122.04. 255,290 shares of the company traded hands, compared to its average volume of 545,239. Arrow Electronics, Inc. has a 52-week low of $108.51 and a 52-week high of $147.42. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.39. The business has a 50 day moving average of $120.89 and a 200-day moving average of $119.08. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 7.72 and a beta of 1.41.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $7.84 billion. During the same period in the prior year, the business posted $5.69 earnings per share. The company's revenue for the quarter was down 15.8% on a year-over-year basis. As a group, sell-side analysts expect that Arrow Electronics, Inc. will post 11.53 earnings per share for the current fiscal year.

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.