Arrow Electronics, Inc. (NYSE:ARW) Shares Purchased by AXQ Capital LP

AXQ Capital LP boosted its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 209.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,810 shares of the technology company’s stock after purchasing an additional 5,962 shares during the quarter. AXQ Capital LP’s holdings in Arrow Electronics were worth $997,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in Arrow Electronics by 1,072.6% in the third 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 stake in Arrow Electronics by 140.4% in the third 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 stake in Arrow Electronics by 36.3% in the fourth 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. JPMorgan Chase & Co. increased its stake in Arrow Electronics by 115.0% during the third quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company’s stock worth $41,948,000 after acquiring an additional 168,904 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in Arrow Electronics by 14.2% during the third quarter. Janus Henderson Group PLC now owns 243,750 shares of the technology company’s stock worth $32,377,000 after acquiring an additional 30,380 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ARW shares. Bank of America lowered Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Wells Fargo & Company dropped 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. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $121.25.

Arrow Electronics Trading Down 1.6 %

Shares of ARW opened at $104.24 on Friday. The company has a market capitalization of $5.44 billion, a P/E ratio of 14.32, a P/E/G ratio of 0.52 and a beta of 1.26. Arrow Electronics, Inc. has a one year low of $101.78 and a one year high of $137.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46. The stock has a 50-day moving average price of $110.71 and a 200 day moving average price of $119.14.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Insider Buying and Selling at Arrow Electronics

In related news, Director William F. Austen purchased 1,900 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the transaction, the director now owns 7,858 shares of the company’s stock, valued at $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Yun Sung Cho sold 237 shares of the stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

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.