Fox Run Management L.L.C. Buys Shares of 3,617 Arrow Electronics, Inc. (NYSE:ARW)

Fox Run Management L.L.C. purchased a new position in Arrow Electronics, Inc. (NYSE:ARW) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,617 shares of the technology company’s stock, valued at approximately $409,000.

Other large investors also recently modified their holdings of the company. Meixler Investment Management Ltd. raised its stake in Arrow Electronics by 2.6% during the 4th quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company’s stock valued at $387,000 after purchasing an additional 88 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in 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 purchasing an additional 89 shares during the last quarter. Ironwood Investment Management LLC increased its holdings in shares of Arrow Electronics by 0.4% during the 4th quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company’s stock worth $2,550,000 after purchasing an additional 100 shares during the period. Summit Trail Advisors LLC raised its position in shares of Arrow Electronics by 2.8% during the third quarter. Summit Trail Advisors LLC now owns 3,925 shares of the technology company’s stock valued at $521,000 after buying an additional 108 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Arrow Electronics by 24.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company’s stock valued at $64,000 after buying an additional 112 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Arrow Electronics

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

Wall Street Analysts Forecast Growth

ARW has been the topic of several research reports. 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 for the company in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $121.25.

Arrow Electronics Stock Down 1.1 %

NYSE ARW opened at $107.15 on Wednesday. Arrow Electronics, Inc. has a 1-year low of $101.78 and a 1-year high of $137.80. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 0.52 and a beta of 1.26. The stock’s 50 day moving average is $110.55 and its two-hundred day moving average is $118.72. 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 (NYSE:ARW) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, beating 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 analysts forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

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.