Rockefeller Capital Management L.P. Makes New $14.44 Million Investment in Arrow Electronics, Inc. (NYSE:ARW)

Rockefeller Capital Management L.P. purchased a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 127,605 shares of the technology company's stock, valued at approximately $14,435,000. Rockefeller Capital Management L.P. owned approximately 0.24% of Arrow Electronics at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. bought a new stake in shares of Arrow Electronics in the 4th quarter valued at $25,000. Brown Brothers Harriman & Co. acquired a new position in shares of Arrow Electronics during the fourth quarter worth approximately $31,000. New Age Alpha Advisors LLC bought a new stake in shares of Arrow Electronics during the fourth quarter worth about $47,000. Principal Securities Inc. lifted its position in Arrow Electronics by 35.7% in the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock valued at $54,000 after acquiring an additional 126 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in Arrow Electronics during the 4th quarter valued at about $55,000. 99.34% of the stock is currently owned by institutional investors.

Insider Transactions at Arrow Electronics

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

Arrow Electronics Stock Performance

NYSE ARW traded down $0.71 on Monday, hitting $101.48. 24,906 shares of the stock traded hands, compared to its average volume of 471,029. The business's fifty day moving average is $104.43 and its two-hundred day moving average is $114.60. Arrow Electronics, Inc. has a 12 month low of $86.50 and a 12 month high of $137.80. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 0.52 and a beta of 1.18. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. As a group, equities analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ARW. Bank of America downgraded shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Wells Fargo & Company decreased their price target on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, 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.