Globeflex Capital L P Has $32.31 Million Position in Arrow Electronics, Inc. (NYSE:ARW)

Globeflex Capital L P cut its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 15.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 285,612 shares of the technology company’s stock after selling 53,738 shares during the period. Arrow Electronics makes up about 2.7% of Globeflex Capital L P’s portfolio, making the stock its 7th biggest holding. Globeflex Capital L P owned about 0.54% of Arrow Electronics worth $32,309,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. bought a new position in Arrow Electronics during the fourth quarter valued at approximately $25,000. True Wealth Design LLC purchased a new stake in Arrow Electronics during the third quarter valued at approximately $31,000. Brooklyn Investment Group purchased a new stake in Arrow Electronics during the third quarter valued at approximately $40,000. Principal Securities Inc. raised its position in Arrow Electronics by 35.7% during the fourth 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 period. Finally, Parkside Financial Bank & Trust raised 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 valued at $64,000 after purchasing an additional 112 shares during the period. 99.34% of the stock is owned by institutional investors.

Arrow Electronics Trading Up 2.8 %

Shares of NYSE ARW opened at $104.74 on Friday. 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 business’s 50 day moving average price is $111.47 and its 200-day moving average price is $120.31. Arrow Electronics, Inc. has a fifty-two week low of $101.78 and a fifty-two week high of $137.80. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings data 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%. On average, sell-side analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ARW has been the topic of a number of recent research reports. Bank of America downgraded Arrow Electronics from a “neutral” rating to an “underperform” rating in a research report on Friday, February 7th. Wells Fargo & Company decreased their price objective 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. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Arrow Electronics presently has an average rating of “Hold” and an average price target of $121.25.

Insiders Place Their Bets

In other Arrow Electronics news, CAO Yun Sung Cho sold 237 shares of the stock in a transaction 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 sale, the chief accounting officer now owns 2,086 shares of the company’s stock, valued at approximately $226,810.78. This trade represents a 10.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William F. Austen bought 1,900 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 7,858 shares in the company, valued at approximately $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 company insiders.

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.