IFP Advisors Inc Purchases 132 Shares of Arrow Electronics, Inc. (NYSE:ARW)

IFP Advisors Inc raised its position in Arrow Electronics, Inc. (NYSE:ARW) by 26.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 630 shares of the technology company’s stock after buying an additional 132 shares during the quarter. IFP Advisors Inc’s holdings in Arrow Electronics were worth $71,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in Arrow Electronics by 71.9% in the 3rd quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company’s stock valued at $278,220,000 after buying an additional 876,396 shares during the period. Greenhaven Associates Inc. grew its holdings in shares of Arrow Electronics by 1.1% during the 4th quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company’s stock valued at $215,477,000 after purchasing an additional 20,484 shares during the last quarter. State Street Corp grew its holdings in shares of Arrow Electronics by 0.3% during the 3rd quarter. State Street Corp now owns 1,689,695 shares of the technology company’s stock valued at $224,442,000 after purchasing an additional 4,811 shares during the last quarter. Lind Value II ApS grew its holdings 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, Charles Schwab Investment Management Inc. grew its holdings in shares of Arrow Electronics by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 483,936 shares of the technology company’s stock valued at $64,281,000 after purchasing an additional 10,340 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, CAO Yun Sung Cho sold 353 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $112.11, for a total value of $39,574.83. Following the transaction, the chief accounting officer now owns 1,549 shares in the company, valued at approximately $173,658.39. The trade was a 18.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Arrow Electronics Trading Up 1.5 %

ARW opened at $105.91 on Thursday. Arrow Electronics, Inc. has a fifty-two week low of $103.40 and a fifty-two week 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. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 0.52 and a beta of 1.26. The company’s 50 day moving average price is $112.60 and its two-hundred day moving average price is $121.43.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. As a group, research analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

About Arrow Electronics

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.