Mitsubishi UFJ Trust & Banking Corp Buys 3,515 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 8.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 46,261 shares of the technology company’s stock after acquiring an additional 3,515 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.09% of Arrow Electronics worth $5,233,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ARW. CoreFirst Bank & Trust acquired a new position in shares of Arrow Electronics in the 4th quarter valued at approximately $55,000. Fox Run Management L.L.C. bought a new position in Arrow Electronics in the fourth quarter valued at approximately $409,000. KLP Kapitalforvaltning AS acquired a new position in Arrow Electronics during the fourth quarter valued at approximately $1,550,000. AXQ Capital LP lifted its stake in Arrow Electronics by 209.3% during the fourth quarter. AXQ Capital LP now owns 8,810 shares of the technology company’s stock worth $997,000 after purchasing an additional 5,962 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Arrow Electronics by 6.3% in the 4th quarter. Sei Investments Co. now owns 770,975 shares of the technology company’s stock valued at $87,214,000 after purchasing an additional 45,593 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Arrow Electronics Stock Down 1.7 %

Shares of ARW opened at $103.55 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46. Arrow Electronics, Inc. has a 52 week low of $101.78 and a 52 week high of $137.80. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 0.52 and a beta of 1.26. The stock has a fifty day moving average of $109.95 and a 200-day moving average of $118.30.

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company dropped 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 shares of 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 assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Arrow Electronics currently has a consensus rating of “Hold” and an average price target of $121.25.

Insider Buying and Selling

In related news, CAO Yun Sung Cho sold 237 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 2,086 shares of the company’s stock, valued at $226,810.78. This trade represents a 10.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William F. Austen bought 1,900 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the acquisition, the director now directly owns 7,858 shares in the company, valued at approximately $818,174.96. This trade represents a 31.89 % increase in their position. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.

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.