US Bancorp DE Has $3.34 Million Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

US Bancorp DE lifted its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,540 shares of the technology company’s stock after purchasing an additional 2,133 shares during the quarter. US Bancorp DE owned approximately 0.06% of Arrow Electronics worth $3,342,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Van ECK Associates Corp grew its stake in Arrow Electronics by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 29,576 shares of the technology company’s stock valued at $3,915,000 after buying an additional 8,450 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Arrow Electronics by 39.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 42,641 shares of the technology company’s stock valued at $5,664,000 after buying an additional 12,159 shares during the last quarter. QRG Capital Management Inc. grew its stake in Arrow Electronics by 6.4% in the 3rd quarter. QRG Capital Management Inc. now owns 7,421 shares of the technology company’s stock valued at $986,000 after buying an additional 445 shares during the last quarter. Two Point Capital Management Inc. grew its stake in Arrow Electronics by 1.6% in the 3rd quarter. Two Point Capital Management Inc. now owns 21,919 shares of the technology company’s stock valued at $2,912,000 after buying an additional 335 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Arrow Electronics in the 3rd quarter valued at $73,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Bank of America lowered shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Wells Fargo & Company reduced their price target on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a report on Friday, February 7th. Two research 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. According to MarketBeat, Arrow Electronics presently has an average rating of “Hold” and an average target price of $121.25.

Insider Transactions at Arrow Electronics

In other news, CAO Yun Sung Cho sold 353 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $112.11, for a total transaction of $39,574.83. Following the completion of the transaction, the chief accounting officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by insiders.

Arrow Electronics Price Performance

Shares of Arrow Electronics stock opened at $105.83 on Friday. 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 fifty-two week low of $103.40 and a fifty-two week high of $137.80. The firm has a fifty day moving average price of $112.41 and a two-hundred day moving average price of $121.32. The company has a market cap of $5.52 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, beating 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%. Analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

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.