Earnest Partners LLC Has $168.11 Million Position in Arrow Electronics, Inc. (NYSE:ARW)

Earnest Partners LLC raised its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,486,157 shares of the technology company’s stock after purchasing an additional 77,396 shares during the quarter. Earnest Partners LLC owned approximately 2.83% of Arrow Electronics worth $168,114,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ARW. Meixler Investment Management Ltd. raised its position in shares of Arrow Electronics by 2.6% in the fourth quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company’s stock valued at $387,000 after purchasing an additional 88 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Arrow Electronics by 1.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company’s stock valued at $539,000 after acquiring an additional 89 shares during the period. Ironwood Investment Management LLC lifted its position in Arrow Electronics by 0.4% during the fourth quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company’s stock worth $2,550,000 after acquiring an additional 100 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Arrow Electronics by 24.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company’s stock worth $64,000 after acquiring an additional 112 shares during the last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of Arrow Electronics by 35.7% during the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock worth $54,000 after acquiring an additional 126 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insider Activity at Arrow Electronics

In other Arrow Electronics news, 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 sale, the chief accounting officer now owns 1,549 shares of the company’s stock, valued at approximately $173,658.39. This trade represents a 18.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William F. Austen purchased 1,900 shares of the stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $104.12 per share, with a total value of $197,828.00. Following the acquisition, the director now directly owns 7,858 shares in the company, valued at $818,174.96. This represents a 31.89 % increase in their position. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.

Arrow Electronics Stock Performance

NYSE:ARW opened at $111.83 on Friday. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 0.52 and a beta of 1.18. Arrow Electronics, Inc. has a fifty-two week low of $86.50 and a fifty-two week high of $137.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46. The stock has a fifty day moving average price of $104.32 and a 200-day moving average price of $113.87.

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, 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%. As a group, equities analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Bank of America downgraded Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Wells Fargo & Company lowered their price target on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a research report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.