Arrow Electronics, Inc. (NYSE:ARW) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC boosted its stake in Arrow Electronics, Inc. (NYSE:ARW) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,975 shares of the technology company’s stock after acquiring an additional 474 shares during the period. HighTower Advisors LLC’s holdings in Arrow Electronics were worth $2,146,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ARW. BOK Financial Private Wealth Inc. acquired a new stake in Arrow Electronics in the fourth quarter valued at $25,000. True Wealth Design LLC acquired a new stake in Arrow Electronics in the third quarter valued at $31,000. Brooklyn Investment Group acquired a new stake in shares of Arrow Electronics during the third quarter worth $40,000. Principal Securities Inc. raised its holdings in shares of Arrow Electronics by 35.7% during the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock worth $54,000 after purchasing an additional 126 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Arrow Electronics by 24.6% during the fourth 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 period. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Yun Sung Cho sold 353 shares of the company’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 completion of the sale, the chief accounting officer now directly owns 1,549 shares of the company’s stock, valued at approximately $173,658.39. This represents a 18.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William F. Austen acquired 1,900 shares of the stock in a transaction that occurred on 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 purchase, the director now directly owns 7,858 shares of the company’s stock, valued at approximately $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

ARW has been the topic of a number of research reports. Wells Fargo & Company dropped their target price 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 cut 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 assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $121.25.

Arrow Electronics Stock Down 1.6 %

ARW stock opened at $104.24 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. Arrow Electronics, Inc. has a fifty-two week low of $101.78 and a fifty-two week high of $137.80. The firm’s 50-day simple moving average is $110.71 and its 200 day simple moving average is $119.07. The stock has a market cap of $5.44 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings data 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, sell-side analysts predict that Arrow Electronics, Inc. will post 10.57 EPS 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.