MML Investors Services LLC Purchases 1,575 Shares of Arrow Electronics, Inc. (NYSE:ARW)

MML Investors Services LLC boosted its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 12.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,717 shares of the technology company’s stock after buying an additional 1,575 shares during the quarter. MML Investors Services LLC’s holdings in Arrow Electronics were worth $1,665,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ARW. Meixler Investment Management Ltd. increased its stake 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 worth $387,000 after purchasing an additional 88 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Arrow Electronics by 1.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company’s stock worth $539,000 after buying an additional 89 shares in the last quarter. Ironwood Investment Management LLC lifted its holdings in shares of Arrow Electronics by 0.4% during the fourth quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company’s stock valued at $2,550,000 after acquiring an additional 100 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Arrow Electronics by 24.6% during 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 last quarter. Finally, Principal Securities Inc. raised its position 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 purchasing an additional 126 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insider Buying and Selling

In other news, CAO Yun Sung Cho sold 237 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $108.73, for a total transaction of $25,769.01. Following the completion of the sale, the chief accounting officer now 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William F. Austen bought 1,900 shares of the stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the purchase, the director now owns 7,858 shares of the company’s stock, valued at $818,174.96. This trade 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 Down 1.4 %

Shares of ARW stock opened at $111.40 on Wednesday. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-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 market cap of $5.78 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 0.52 and a beta of 1.18. The firm’s 50-day moving average is $104.33 and its 200-day moving average is $113.58.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. Sell-side analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Bank of America lowered Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Wells Fargo & Company cut their target price on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. Two equities research 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, the stock presently has an average rating of “Hold” and a consensus target price 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.