Boston Partners Has $280.14 Million Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

Boston Partners grew its position in Arrow Electronics, Inc. (NYSE:ARW) by 14.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,474,074 shares of the technology company’s stock after purchasing an additional 318,329 shares during the period. Boston Partners’ holdings in Arrow Electronics were worth $280,138,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARW. Meixler Investment Management Ltd. boosted its position in shares of Arrow Electronics by 2.6% in the 4th quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company’s stock worth $387,000 after purchasing an additional 88 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Arrow Electronics by 1.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company’s stock worth $539,000 after purchasing an additional 89 shares during the last quarter. Ironwood Investment Management LLC boosted its position in shares of Arrow Electronics by 0.4% in the 4th quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company’s stock worth $2,550,000 after purchasing an additional 100 shares during the last quarter. Summit Trail Advisors LLC boosted its position in shares of Arrow Electronics by 2.8% in the 3rd quarter. Summit Trail Advisors LLC now owns 3,925 shares of the technology company’s stock worth $521,000 after purchasing an additional 108 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of Arrow Electronics by 24.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company’s stock worth $64,000 after purchasing an additional 112 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ARW. Bank of America lowered Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Wells Fargo & Company reduced their target price on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $121.25.

Arrow Electronics Stock Performance

ARW opened at $107.36 on Wednesday. The business’s 50-day moving average price is $111.05 and its two-hundred day moving average price is $119.52. Arrow Electronics, Inc. has a 1 year low of $101.78 and a 1 year high of $137.80. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 0.52 and a beta of 1.26. 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) last released its quarterly earnings results 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%. Equities analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Insider Activity at Arrow Electronics

In related news, CAO Yun Sung Cho sold 353 shares of Arrow Electronics stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $112.11, for a total value of $39,574.83. Following the sale, the chief accounting officer now owns 1,549 shares of the company’s stock, valued at approximately $173,658.39. The trade was a 18.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William F. Austen bought 1,900 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was bought 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. The trade was 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 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.