CoreFirst Bank & Trust Buys New Holdings in Arrow Electronics, Inc. (NYSE:ARW)

CoreFirst Bank & Trust purchased a new position in shares of Arrow Electronics, Inc. (NYSE:ARW) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 483 shares of the technology company’s stock, valued at approximately $55,000.

A number of other large investors also recently modified their holdings of ARW. BOK Financial Private Wealth Inc. acquired a new stake in Arrow Electronics during the 4th quarter worth approximately $25,000. True Wealth Design LLC acquired a new position 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 worth approximately $40,000. Principal Securities Inc. increased its position in shares of Arrow Electronics by 35.7% in the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock worth $54,000 after acquiring an additional 126 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Arrow Electronics by 24.6% in 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 period. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Arrow Electronics Price Performance

ARW opened at $107.15 on Wednesday. Arrow Electronics, Inc. has a twelve month low of $101.78 and a twelve month high of $137.80. 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 has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $110.55 and a 200 day simple moving average of $118.72.

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

Insiders Place Their Bets

In related news, Director William F. Austen purchased 1,900 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the purchase, the director now owns 7,858 shares in the company, valued at approximately $818,174.96. This represents a 31.89 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Yun Sung Cho sold 237 shares of the stock in a transaction 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 transaction, 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 disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a report on Friday, February 7th. Bank of America downgraded 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 stock. Based on data from MarketBeat.com, Arrow Electronics currently has a consensus rating of “Hold” and a consensus target price of $121.25.

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.