Fiduciary Management Inc. WI Purchases 473,909 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Fiduciary Management Inc. WI lifted its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 44.1% during the 4th quarter, HoldingsChannel reports. The firm owned 1,548,925 shares of the technology company’s stock after acquiring an additional 473,909 shares during the period. Arrow Electronics accounts for about 1.6% of Fiduciary Management Inc. WI’s investment portfolio, making the stock its 22nd biggest holding. Fiduciary Management Inc. WI’s holdings in Arrow Electronics were worth $175,214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. bought a new stake in shares of Arrow Electronics during the 4th quarter valued at $25,000. Brown Brothers Harriman & Co. bought a new stake in Arrow Electronics during the fourth quarter worth about $31,000. New Age Alpha Advisors LLC purchased a new stake in Arrow Electronics in the fourth quarter worth about $47,000. Principal Securities Inc. increased its stake in shares of Arrow Electronics by 35.7% during the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock valued at $54,000 after purchasing an additional 126 shares in the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in shares of Arrow Electronics during the fourth quarter valued at approximately $55,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ARW has been the topic of several analyst reports. Bank of America downgraded Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Wells Fargo & Company cut their price target on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Arrow Electronics presently has a consensus rating of “Hold” and a consensus target price of $121.25.

Insider Activity

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

Arrow Electronics Stock Performance

Shares of NYSE ARW opened at $102.21 on Friday. The firm’s 50-day moving average price is $104.54 and its 200-day moving average price is $115.01. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week high of $137.80. The company has a market cap of $5.30 billion, a PE ratio of 14.04, a PEG ratio of 0.52 and a beta of 1.18. 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 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 return on equity of 9.69% and a net margin of 1.40%. As a group, analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

About Arrow Electronics

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.