Jones Financial Companies Lllp Has $85,000 Position in Arrow Electronics, Inc. (NYSE:ARW)

Jones Financial Companies Lllp lifted its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 25.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 753 shares of the technology company’s stock after buying an additional 151 shares during the period. Jones Financial Companies Lllp’s holdings in Arrow Electronics were worth $85,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. True Wealth Design LLC acquired a new position in Arrow Electronics during the third quarter valued at approximately $31,000. Brooklyn Investment Group acquired a new position in Arrow Electronics during the third quarter valued at approximately $40,000. Principal Securities Inc. boosted its position in Arrow Electronics by 35.7% during the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock valued at $54,000 after purchasing an additional 126 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Arrow Electronics by 24.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company’s stock valued at $64,000 after purchasing an additional 112 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in Arrow Electronics by 26.5% during the fourth quarter. IFP Advisors Inc now owns 630 shares of the technology company’s stock valued at $71,000 after purchasing an additional 132 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Bank of America cut Arrow Electronics from a “neutral” rating to an “underperform” rating in a research report on Friday, February 7th. Wells Fargo & Company dropped their price objective on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock 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 assigned a buy rating to the company. Based on data from MarketBeat, Arrow Electronics currently has an average rating of “Hold” and a consensus price target of $121.25.

Insider Transactions at Arrow Electronics

In other news, Director William F. Austen bought 1,900 shares of the stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the purchase, the director now owns 7,858 shares in the company, valued at approximately $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Yun Sung Cho sold 353 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was 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. This trade represents a 18.56 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Arrow Electronics Price Performance

NYSE:ARW opened at $104.74 on Monday. 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’s 50 day moving average price is $111.30 and its two-hundred day moving average price is $119.92. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 0.52 and a beta of 1.26. Arrow Electronics, Inc. has a 12-month low of $101.78 and a 12-month high of $137.80.

Arrow Electronics (NYSE:ARW) last released 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%. On average, analysts anticipate 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.