Grantham Mayo Van Otterloo & Co. LLC Reduces Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

Grantham Mayo Van Otterloo & Co. LLC cut its stake in Arrow Electronics, Inc. (NYSE:ARW) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,792 shares of the technology company’s stock after selling 2,400 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.13% of Arrow Electronics worth $7,895,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Franklin Resources Inc. grew its position in Arrow Electronics by 1,072.6% in the 3rd quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company’s stock worth $5,564,000 after purchasing an additional 37,746 shares during the period. Lind Value II ApS boosted its stake in shares of Arrow Electronics by 36.3% in the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company’s stock worth $73,374,000 after buying an additional 172,669 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Arrow Electronics by 115.0% in the third quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company’s stock worth $41,948,000 after acquiring an additional 168,904 shares during the period. GAMMA Investing LLC increased its position in Arrow Electronics by 24.0% during the fourth quarter. GAMMA Investing LLC now owns 862 shares of the technology company’s stock valued at $98,000 after acquiring an additional 167 shares during the last quarter. Finally, Polaris Capital Management LLC lifted its holdings in Arrow Electronics by 1.1% in the fourth quarter. Polaris Capital Management LLC now owns 261,203 shares of the technology company’s stock valued at $29,547,000 after acquiring an additional 2,800 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Arrow Electronics Stock Performance

Shares of ARW opened at $92.21 on Monday. The business has a 50-day simple moving average of $108.08 and a two-hundred day simple moving average of $117.36. 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, Inc. has a 52 week low of $87.15 and a 52 week high of $137.80. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 0.52 and a beta of 1.18.

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

Insider Activity at Arrow Electronics

In other Arrow Electronics news, Director William F. Austen purchased 1,900 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost of $104.12 per share, with a total value of $197,828.00. Following the acquisition, the director now owns 7,858 shares in the company, valued at approximately $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Yun Sung Cho sold 353 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $112.11, for a total value of $39,574.83. Following the completion of the transaction, the chief accounting officer now owns 1,549 shares of the company’s stock, valued at $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. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wells Fargo & Company cut their price target 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 lowered shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Arrow Electronics has a consensus rating of “Hold” and an average price target of $121.25.

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.