Fox Run Management L.L.C. Invests $409,000 in Arrow Electronics, Inc. (NYSE:ARW)

Fox Run Management L.L.C. purchased a new stake in Arrow Electronics, Inc. (NYSE:ARW) in the fourth quarter, HoldingsChannel reports. The firm purchased 3,617 shares of the technology company’s stock, valued at approximately $409,000.

Other institutional investors have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. acquired a new stake in shares of Arrow Electronics in the 4th quarter valued at $25,000. True Wealth Design LLC acquired a new stake in Arrow Electronics in the third quarter worth about $31,000. Brooklyn Investment Group acquired a new position in Arrow Electronics during the 3rd quarter valued at about $40,000. Principal Securities Inc. grew its position in shares of Arrow Electronics by 35.7% during the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock worth $54,000 after buying an additional 126 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in shares of Arrow Electronics by 24.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company’s stock valued at $64,000 after acquiring an additional 112 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ARW shares. Wells Fargo & Company decreased their price objective 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. Bank of America cut Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $121.25.

Insider Buying and Selling at Arrow Electronics

In other news, Director William F. Austen acquired 1,900 shares of the firm’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 transaction, the director now directly owns 7,858 shares in the company, valued at approximately $818,174.96. The trade was a 31.89 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Yun Sung Cho sold 353 shares of the company’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 sale, the chief accounting officer now directly owns 1,549 shares in the company, valued at approximately $173,658.39. The trade was a 18.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Arrow Electronics Trading Down 1.1 %

Shares of NYSE:ARW opened at $107.15 on Wednesday. The firm has a market cap 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 company’s fifty day simple moving average is $110.55 and its 200 day simple moving average is $118.72. Arrow Electronics, Inc. has a 12 month low of $101.78 and a 12 month high of $137.80. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, topping 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%. As a group, research analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS 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.