45,415 Shares in Arrow Electronics, Inc. (NYSE:ARW) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 45,415 shares of the technology company’s stock, valued at approximately $5,137,000. Raymond James Financial Inc. owned approximately 0.09% of Arrow Electronics at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its holdings in Arrow Electronics by 371.1% in the 3rd quarter. FMR LLC now owns 434,905 shares of the technology company’s stock worth $57,768,000 after purchasing an additional 342,590 shares during the last quarter. Lind Value II ApS lifted its stake in shares of Arrow Electronics by 36.3% in the fourth quarter. Lind Value II ApS now owns 648,637 shares of the technology company’s stock worth $73,374,000 after buying an additional 172,669 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Arrow Electronics by 115.0% in the third quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company’s stock worth $41,948,000 after buying an additional 168,904 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Arrow Electronics by 220.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 149,510 shares of the technology company’s stock worth $19,859,000 after buying an additional 102,854 shares during the period. Finally, Martingale Asset Management L P grew its stake in Arrow Electronics by 3,768.6% in the 3rd quarter. Martingale Asset Management L P now owns 83,290 shares of the technology company’s stock valued at $11,063,000 after buying an additional 81,137 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Arrow Electronics Stock Down 1.1 %

ARW stock opened at $107.15 on Wednesday. Arrow Electronics, Inc. has a twelve month low of $101.78 and a twelve month high of $137.80. 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 company has a market cap of $5.59 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26. The business’s 50-day simple moving average is $110.55 and its 200 day simple moving average is $118.72.

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 analysts’ consensus estimates 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, research analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Insider Activity

In related news, Director William F. Austen purchased 1,900 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the transaction, the director now directly owns 7,858 shares of the company’s stock, valued at approximately $818,174.96. The trade was a 31.89 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Yun Sung Cho sold 353 shares of the stock in a transaction 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 of the company’s stock, valued at $173,658.39. This represents a 18.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ARW shares. Bank of America cut shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Wells Fargo & Company lowered their price objective on shares of 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 issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $121.25.

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.