3,661 Shares in Arrow Electronics, Inc. (NYSE:ARW) Acquired by Two Sigma Securities LLC

Two Sigma Securities LLC bought a new position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,661 shares of the technology company's stock, valued at approximately $414,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ARW. Dimensional Fund Advisors LP boosted its stake in Arrow Electronics by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company's stock valued at $331,493,000 after purchasing an additional 91,310 shares during the last quarter. Boston Partners lifted its position in Arrow Electronics by 14.8% in the 4th quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock worth $280,138,000 after buying an additional 318,329 shares during the last quarter. Greenhaven Associates Inc. grew its position in Arrow Electronics by 1.1% during the 4th quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company's stock worth $215,477,000 after acquiring an additional 20,484 shares during the last quarter. Fiduciary Management Inc. WI raised its position in Arrow Electronics by 44.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock valued at $175,214,000 after purchasing an additional 473,909 shares during the last quarter. Finally, Lyrical Asset Management LP grew its holdings in shares of Arrow Electronics by 0.7% during the 4th quarter. Lyrical Asset Management LP now owns 1,454,883 shares of the technology company's stock worth $164,576,000 after acquiring an additional 9,670 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Arrow Electronics news, CAO Yun Sung Cho sold 237 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $108.73, for a total transaction of $25,769.01. Following the transaction, the chief accounting officer now owns 2,086 shares in the company, valued at $226,810.78. This trade represents a 10.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William F. Austen acquired 1,900 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the acquisition, the director now owns 7,858 shares in the company, valued at $818,174.96. This represents a 31.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ARW. Wells Fargo & Company cut their price target on 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 shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $121.25.

Arrow Electronics Trading Up 2.7 %

Shares of ARW traded up $3.00 on Friday, hitting $116.07. 224,047 shares of the stock traded hands, compared to its average volume of 486,532. The stock's 50 day moving average is $104.35 and its two-hundred day moving average is $113.42. The firm has a market capitalization of $6.02 billion, a P/E ratio of 15.95, a P/E/G ratio of 0.52 and a beta of 1.18. 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, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.33. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.32 billion. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. The firm's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.41 EPS. As a group, sell-side analysts predict 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.