Arrow Electronics, Inc. (NYSE:ARW) Shares Acquired by Vestcor Inc

Vestcor Inc boosted its stake in Arrow Electronics, Inc. (NYSE:ARW) by 30.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,863 shares of the technology company’s stock after acquiring an additional 1,143 shares during the period. Vestcor Inc’s holdings in Arrow Electronics were worth $550,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ARW. Atria Investments Inc increased its position in Arrow Electronics by 36.7% in the 3rd quarter. Atria Investments Inc now owns 4,433 shares of the technology company’s stock valued at $589,000 after acquiring an additional 1,190 shares during the period. Los Angeles Capital Management LLC acquired a new position in Arrow Electronics in the 3rd quarter valued at about $267,000. Victory Capital Management Inc. increased its position in Arrow Electronics by 2.6% in the 3rd quarter. Victory Capital Management Inc. now owns 20,477 shares of the technology company’s stock valued at $2,720,000 after acquiring an additional 517 shares during the period. KBC Group NV increased its position in Arrow Electronics by 15.5% in the 3rd quarter. KBC Group NV now owns 1,419 shares of the technology company’s stock valued at $188,000 after acquiring an additional 190 shares during the period. Finally, CIBC Asset Management Inc acquired a new position in Arrow Electronics in the 3rd quarter valued at about $210,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insider Transactions at Arrow Electronics

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

Arrow Electronics Stock Performance

NYSE ARW opened at $104.74 on Monday. The business’s 50 day moving average is $111.30 and its two-hundred day moving average is $119.92. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 0.52 and a beta of 1.26. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. Arrow Electronics, Inc. has a 12-month low of $101.78 and a 12-month high of $137.80.

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 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%. Research analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wells Fargo & Company dropped their target price on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a research report on Friday, February 7th. Bank of America cut 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 assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $121.25.

Arrow Electronics 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.