Boston Partners Has $280.14 Million Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Boston Partners grew its stake in Arrow Electronics, Inc. (NYSE:ARW) by 14.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,474,074 shares of the technology company’s stock after buying an additional 318,329 shares during the period. Boston Partners owned approximately 4.70% of Arrow Electronics worth $280,138,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Pacer Advisors Inc. lifted its position in shares of Arrow Electronics by 71.9% in the third quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company’s stock worth $278,220,000 after buying an additional 876,396 shares during the last quarter. Greenhaven Associates Inc. lifted its position in shares of Arrow Electronics by 1.1% during the 4th quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company’s stock worth $215,477,000 after purchasing an additional 20,484 shares during the last quarter. State Street Corp lifted its position in shares of Arrow Electronics by 0.3% during the 3rd quarter. State Street Corp now owns 1,689,695 shares of the technology company’s stock worth $224,442,000 after purchasing an additional 4,811 shares during the last quarter. Lind Value II ApS lifted its position in shares of Arrow Electronics by 36.3% during the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company’s stock worth $73,374,000 after purchasing an additional 172,669 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Arrow Electronics by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 498,907 shares of the technology company’s stock worth $56,436,000 after purchasing an additional 14,971 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wells Fargo & Company cut their price objective on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Bank of America cut Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Two investment 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $121.25.

Insider Activity

In related news, CAO Yun Sung Cho sold 237 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $108.73, for a total transaction of $25,769.01. Following the sale, the chief accounting officer now directly owns 2,086 shares in the company, valued at $226,810.78. This represents a 10.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William F. Austen purchased 1,900 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the transaction, the director now owns 7,858 shares in the company, valued at $818,174.96. The trade was a 31.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.

Arrow Electronics Trading Up 1.6 %

Arrow Electronics stock opened at $107.36 on Wednesday. The business has a 50 day moving average price of $111.05 and a two-hundred day moving average price of $119.52. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26. Arrow Electronics, Inc. has a 12 month low of $101.78 and a 12 month high of $137.80.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings data 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%. As a group, equities analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

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.