Speece Thorson Capital Group Inc. Has $17.53 Million Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Speece Thorson Capital Group Inc. boosted its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 13.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 154,949 shares of the technology company’s stock after buying an additional 18,203 shares during the quarter. Arrow Electronics makes up about 3.5% of Speece Thorson Capital Group Inc.’s holdings, making the stock its 6th biggest holding. Speece Thorson Capital Group Inc. owned about 0.29% of Arrow Electronics worth $17,528,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ARW. FMR LLC grew its stake in shares of Arrow Electronics by 208.8% in the fourth quarter. FMR LLC now owns 1,343,090 shares of the technology company’s stock worth $151,930,000 after purchasing an additional 908,185 shares during the last quarter. Fiduciary Management Inc. WI raised its holdings in shares of Arrow Electronics by 44.1% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company’s stock valued at $175,214,000 after acquiring an additional 473,909 shares in the last quarter. Boston Partners boosted its holdings in Arrow Electronics by 14.8% in the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company’s stock valued at $280,138,000 after acquiring an additional 318,329 shares in the last quarter. Lind Value II ApS raised its holdings in Arrow Electronics by 36.3% in the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company’s stock worth $73,374,000 after purchasing an additional 172,669 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Arrow Electronics by 115.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company’s stock valued at $41,948,000 after purchasing an additional 168,904 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

ARW has been the subject of several research analyst reports. Bank of America lowered shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a 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 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $121.25.

Insider Transactions at Arrow Electronics

In other Arrow Electronics news, 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 value of $39,574.83. Following the completion of the transaction, the chief accounting officer now owns 1,549 shares of the company’s stock, valued at approximately $173,658.39. The trade was a 18.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William F. Austen purchased 1,900 shares of the company’s 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 acquisition, the director now owns 7,858 shares in the company, valued at approximately $818,174.96. The trade was a 31.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

Arrow Electronics Stock Performance

Shares of ARW opened at $102.21 on Friday. Arrow Electronics, Inc. has a 52 week low of $86.50 and a 52 week high of $137.80. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The stock has a market cap of $5.30 billion, a P/E ratio of 14.04, a P/E/G ratio of 0.52 and a beta of 1.18. The business’s 50 day moving average price is $104.43 and its 200-day moving average price is $114.70.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share (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%. Equities research analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

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.