Charles Schwab Investment Management Inc. Increases Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Charles Schwab Investment Management Inc. grew its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 498,907 shares of the technology company’s stock after acquiring an additional 14,971 shares during the period. Charles Schwab Investment Management Inc. owned about 0.95% of Arrow Electronics worth $56,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of ARW. ACR Alpine Capital Research LLC lifted its stake in Arrow Electronics by 31.5% in the 4th quarter. ACR Alpine Capital Research LLC now owns 17,327 shares of the technology company’s stock worth $1,960,000 after purchasing an additional 4,147 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Arrow Electronics by 25.1% in the fourth quarter. Jones Financial Companies Lllp now owns 753 shares of the technology company’s stock worth $85,000 after purchasing an additional 151 shares during the last quarter. US Bancorp DE increased its position in shares of Arrow Electronics by 7.8% during the fourth quarter. US Bancorp DE now owns 29,540 shares of the technology company’s stock worth $3,342,000 after acquiring an additional 2,133 shares during the period. SVB Wealth LLC purchased a new position in shares of Arrow Electronics during the fourth quarter worth approximately $216,000. Finally, Parkside Financial Bank & Trust increased its holdings 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 buying an additional 112 shares during the period. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Stock Down 0.6 %

ARW stock opened at $101.93 on Friday. The stock has a market capitalization of $5.32 billion, a P/E ratio of 14.00, a P/E/G ratio of 0.52 and a beta of 1.26. The firm has a 50-day simple moving average of $111.66 and a 200-day simple moving average of $120.44. 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 52 week low of $101.78 and a 52 week high of $137.80.

Arrow Electronics (NYSE:ARW) last announced 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 net margin of 1.40% and a return on equity of 9.69%. Equities analysts forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Transactions at Arrow Electronics

In related news, Director William F. Austen bought 1,900 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $104.12 per share, with a total value of $197,828.00. Following the transaction, the director now directly owns 7,858 shares of the company’s stock, valued at approximately $818,174.96. This represents a 31.89 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Yun Sung Cho sold 353 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $112.11, for a total transaction of $39,574.83. Following the completion of the transaction, the chief accounting officer now directly owns 1,549 shares in the company, valued at $173,658.39. This trade represents a 18.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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.