Brown Brothers Harriman & Co. Makes New Investment in Arrow Electronics, Inc. (NYSE:ARW)

Brown Brothers Harriman & Co. bought a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 276 shares of the technology company’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ARW. BOK Financial Private Wealth Inc. purchased a new stake in Arrow Electronics in the fourth quarter worth about $25,000. New Age Alpha Advisors LLC bought a new stake in shares of Arrow Electronics in the 4th quarter worth approximately $47,000. Principal Securities Inc. grew its stake in shares of Arrow Electronics by 35.7% in the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock worth $54,000 after buying an additional 126 shares during the last quarter. CoreFirst Bank & Trust bought a new position in Arrow Electronics during the 4th quarter valued at approximately $55,000. Finally, Parkside Financial Bank & Trust raised its stake 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 last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Arrow Electronics Trading Up 1.8 %

Shares of NYSE:ARW opened at $105.08 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. Arrow Electronics, Inc. has a 1 year low of $101.78 and a 1 year high of $137.80. The company has a market cap of $5.45 billion, a P/E ratio of 14.43, a PEG ratio of 0.52 and a beta of 1.26. The stock’s fifty day moving average price is $109.09 and its 200-day moving average price is $117.93.

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 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%. Sell-side analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Insider Activity

In other news, Director William F. Austen acquired 1,900 shares of Arrow Electronics stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the transaction, the director now owns 7,858 shares in the company, valued at $818,174.96. The trade was a 31.89 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Yun Sung Cho sold 237 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $108.73, for a total value of $25,769.01. Following the completion of the transaction, the chief accounting officer now directly owns 2,086 shares in the company, valued at $226,810.78. The trade was a 10.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ARW. 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. Bank of America lowered shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Arrow Electronics presently has a consensus rating of “Hold” and an average target price 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.