Arrow Electronics, Inc. (NYSE:ARW) Shares Acquired by ACR Alpine Capital Research LLC

ACR Alpine Capital Research LLC increased its stake in Arrow Electronics, Inc. (NYSE:ARW) by 31.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 17,327 shares of the technology company’s stock after buying an additional 4,147 shares during the quarter. ACR Alpine Capital Research LLC’s holdings in Arrow Electronics were worth $1,960,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ARW. True Wealth Design LLC acquired a new stake in Arrow Electronics in the 3rd quarter valued at about $31,000. Brooklyn Investment Group acquired a new stake in Arrow Electronics in the 3rd quarter valued at about $40,000. Principal Securities Inc. lifted its holdings in Arrow Electronics by 35.7% in the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock valued at $54,000 after acquiring an additional 126 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Arrow Electronics by 24.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company’s stock valued at $64,000 after acquiring an additional 112 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in Arrow Electronics by 26.5% in the 4th quarter. IFP Advisors Inc now owns 630 shares of the technology company’s stock valued at $71,000 after acquiring an additional 132 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company cut their price target on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a report on Friday, February 7th. Bank of America downgraded shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $121.25.

Insider Buying and Selling at Arrow Electronics

In other news, CAO Yun Sung Cho sold 353 shares of the company’s stock in a transaction dated 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 $173,658.39. This represents a 18.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.00% of the company’s stock.

Arrow Electronics Price Performance

ARW stock opened at $107.87 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. Arrow Electronics, Inc. has a one year low of $105.00 and a one year high of $137.80. The firm has a market capitalization of $5.63 billion, a PE ratio of 14.82, a P/E/G ratio of 0.52 and a beta of 1.26. The firm has a 50-day moving average of $113.01 and a two-hundred day moving average of $121.81.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, beating 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%. On average, analysts forecast 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.