Sei Investments Co. Increases Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Sei Investments Co. grew its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 770,975 shares of the technology company’s stock after buying an additional 45,593 shares during the quarter. Sei Investments Co. owned 1.47% of Arrow Electronics worth $87,214,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in Arrow Electronics by 13.0% in the 4th quarter. American Century Companies Inc. now owns 100,725 shares of the technology company’s stock worth $11,394,000 after purchasing an additional 11,623 shares during the period. Teacher Retirement System of Texas grew its stake in Arrow Electronics by 6.6% in the 4th quarter. Teacher Retirement System of Texas now owns 66,224 shares of the technology company’s stock worth $7,491,000 after acquiring an additional 4,116 shares in the last quarter. West Tower Group LLC bought a new position in Arrow Electronics in the 4th quarter worth about $226,000. Xponance Inc. grew its stake in Arrow Electronics by 12.4% in the 4th quarter. Xponance Inc. now owns 8,331 shares of the technology company’s stock worth $942,000 after acquiring an additional 918 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of Arrow Electronics by 14.8% during the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company’s stock valued at $280,138,000 after purchasing an additional 318,329 shares in the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ARW. Wells Fargo & Company dropped their price objective on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. Bank of America downgraded shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $121.25.

Insider Activity

In other news, CAO Yun Sung Cho sold 237 shares of Arrow Electronics stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $108.73, for a total value of $25,769.01. Following the sale, the chief accounting officer now owns 2,086 shares in the company, valued at $226,810.78. This trade represents a 10.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William F. Austen bought 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, for a total transaction of $197,828.00. Following the transaction, the director now owns 7,858 shares of the company’s stock, valued at approximately $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

Arrow Electronics Trading Down 1.6 %

Shares of Arrow Electronics stock opened at $104.24 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. The firm has a fifty day moving average price of $110.71 and a 200 day moving average price of $119.07. Arrow Electronics, Inc. has a 1 year low of $101.78 and a 1 year high of $137.80. The stock has a market cap of $5.44 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last released 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 net margin of 1.40% and a return on equity of 9.69%. Equities research analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current 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.