May Hill Capital LLC Makes New $626,000 Investment in Arrow Electronics, Inc. (NYSE:ARW)

May Hill Capital LLC acquired a new stake in Arrow Electronics, Inc. (NYSE:ARW) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,537 shares of the technology company’s stock, valued at approximately $626,000.

Other large investors have also modified their holdings of the company. Headlands Technologies LLC raised its stake in shares of Arrow Electronics by 110.3% during the fourth quarter. Headlands Technologies LLC now owns 1,455 shares of the technology company’s stock worth $165,000 after purchasing an additional 763 shares during the last quarter. Franklin Resources Inc. increased its stake in Arrow Electronics by 4.5% in the 4th quarter. Franklin Resources Inc. now owns 43,142 shares of the technology company’s stock valued at $4,880,000 after buying an additional 1,877 shares during the period. AIA Group Ltd purchased a new position in Arrow Electronics during the 4th quarter worth $376,000. Wellington Management Group LLP lifted its stake in shares of Arrow Electronics by 4.3% in the 4th quarter. Wellington Management Group LLP now owns 4,100 shares of the technology company’s stock worth $464,000 after acquiring an additional 168 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Arrow Electronics in the fourth quarter valued at about $31,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ARW has been the subject of a number of recent analyst reports. Bank of America downgraded shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research report on Friday, February 7th. Wells Fargo & Company reduced their price target on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Arrow Electronics currently has an average rating of “Hold” and a consensus price target of $121.25.

Insiders Place Their Bets

In other Arrow Electronics news, Director William F. Austen purchased 1,900 shares of Arrow Electronics stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $104.12 per share, with a total value of $197,828.00. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Yun Sung Cho sold 353 shares of the firm’s 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 directly owns 1,549 shares of the company’s stock, valued at $173,658.39. The trade was a 18.56 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Arrow Electronics Stock Up 0.2 %

ARW stock opened at $103.91 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $109.70 and its 200 day moving average price is $118.17. Arrow Electronics, Inc. has a 52 week low of $101.78 and a 52 week high of $137.80. The company has a market cap of $5.39 billion, a P/E ratio of 14.27, a P/E/G ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, topping 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, research analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal 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.