Parkside Financial Bank & Trust Buys 112 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Parkside Financial Bank & Trust increased its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 24.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 568 shares of the technology company’s stock after purchasing an additional 112 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Arrow Electronics were worth $64,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Pacer Advisors Inc. increased its position in shares of Arrow Electronics by 71.9% during the 3rd quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company’s stock valued at $278,220,000 after purchasing an additional 876,396 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Arrow Electronics by 1,072.6% during the 3rd quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company’s stock valued at $5,564,000 after purchasing an additional 37,746 shares during the last quarter. Cerity Partners LLC increased its position in shares of Arrow Electronics by 140.4% during the 3rd quarter. Cerity Partners LLC now owns 12,034 shares of the technology company’s stock valued at $1,598,000 after purchasing an additional 7,028 shares during the last quarter. Lind Value II ApS increased its position in shares of Arrow Electronics by 36.3% during the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company’s stock valued at $73,374,000 after purchasing an additional 172,669 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Arrow Electronics by 115.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company’s stock valued at $41,948,000 after purchasing an additional 168,904 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Price Performance

ARW opened at $107.87 on Monday. The business has a fifty day moving average of $113.01 and a 200 day moving average of $121.81. Arrow Electronics, Inc. has a 52-week low of $105.00 and a 52-week high of $137.80. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The stock has a market cap of $5.63 billion, a P/E ratio of 14.82, a PEG ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last issued its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share 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, sell-side analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ARW shares. Wells Fargo & Company dropped their price objective on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a report on Friday, February 7th. Bank of America cut Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $121.25.

Insiders Place Their Bets

In other Arrow Electronics news, CAO Yun Sung Cho sold 237 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $108.73, for a total value of $25,769.01. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Arrow Electronics Company 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.