AIA Group Ltd Invests $376,000 in Arrow Electronics, Inc. (NYSE:ARW)

AIA Group Ltd bought a new position in shares of Arrow Electronics, Inc. (NYSE:ARW) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,322 shares of the technology company’s stock, valued at approximately $376,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meixler Investment Management Ltd. raised its stake in Arrow Electronics by 2.6% during the 4th quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company’s stock worth $387,000 after buying an additional 88 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Arrow Electronics by 1.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company’s stock worth $539,000 after purchasing an additional 89 shares during the period. Ironwood Investment Management LLC lifted its holdings in shares of Arrow Electronics by 0.4% in the 4th quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company’s stock worth $2,550,000 after purchasing an additional 100 shares in the last quarter. Parkside Financial Bank & Trust grew its position 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 purchasing an additional 112 shares during the period. Finally, Principal Securities Inc. increased its stake in Arrow Electronics by 35.7% during the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock valued at $54,000 after purchasing an additional 126 shares in the last quarter. 99.34% of the stock is owned by institutional investors.

Arrow Electronics Price Performance

Shares of NYSE:ARW opened at $103.18 on Wednesday. Arrow Electronics, Inc. has a 1-year low of $101.78 and a 1-year high of $137.80. 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 stock has a market cap of $5.35 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26. The stock’s fifty day simple moving average is $109.37 and its two-hundred day simple moving average is $118.02.

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

Insider Transactions at Arrow Electronics

In other Arrow Electronics news, Director William F. Austen bought 1,900 shares of the stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Yun Sung Cho sold 353 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was 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.

Analyst Ratings Changes

A number of research analysts have weighed in on ARW shares. Wells Fargo & Company dropped 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. Bank of America cut shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $121.25.

About Arrow Electronics

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.