Tower Research Capital LLC TRC Increases Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Tower Research Capital LLC TRC grew its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 281.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,747 shares of the technology company's stock after buying an additional 4,241 shares during the quarter. Tower Research Capital LLC TRC's holdings in Arrow Electronics were worth $650,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Meixler Investment Management Ltd. raised its position in Arrow Electronics by 2.6% during the fourth quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company's stock valued at $387,000 after purchasing an additional 88 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Arrow Electronics by 1.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company's stock valued at $539,000 after buying an additional 89 shares during the period. Ironwood Investment Management LLC boosted its stake in Arrow Electronics by 0.4% during the fourth quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company's stock worth $2,550,000 after buying an additional 100 shares during the period. Parkside Financial Bank & Trust increased its position in Arrow Electronics by 24.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company's stock valued at $64,000 after acquiring an additional 112 shares during the last quarter. Finally, Principal Securities Inc. increased its position in Arrow Electronics by 35.7% during the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock valued at $54,000 after acquiring an additional 126 shares during the last quarter. Institutional investors own 99.34% of the company's stock.

Insiders Place Their Bets

In other Arrow Electronics news, CAO Yun Sung Cho sold 237 shares of Arrow Electronics stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $108.73, for a total value of $25,769.01. Following the transaction, the chief accounting officer now owns 2,086 shares in the company, valued at $226,810.78. The trade was a 10.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William F. Austen purchased 1,900 shares of the stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the acquisition, 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. 1.00% of the stock is owned by company insiders.

Arrow Electronics Trading Up 1.8 %

ARW stock traded up $2.09 during mid-day trading on Friday, reaching $115.16. The company had a trading volume of 697,067 shares, compared to its average volume of 486,780. The company has a market capitalization of $5.97 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. The firm has a 50 day moving average of $104.45 and a 200 day moving average of $113.12. Arrow Electronics, Inc. has a 12 month low of $86.50 and a 12 month high of $137.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.33. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.32 billion. During the same period in the previous year, the company posted $2.41 EPS. Arrow Electronics's revenue was down 1.6% on a year-over-year basis. On average, equities analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ARW shares. Wells Fargo & Company dropped their price target on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, February 7th. Bank of America lowered Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price 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.