Deutsche Bank AG Has $5.48 Million Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Deutsche Bank AG raised its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 614.5% in the fourth quarter, Holdings Channel reports. The firm owned 48,406 shares of the technology company’s stock after buying an additional 41,631 shares during the period. Deutsche Bank AG’s holdings in Arrow Electronics were worth $5,476,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Meixler Investment Management Ltd. raised its holdings in Arrow Electronics by 2.6% during the fourth quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company’s stock valued at $387,000 after buying an additional 88 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Arrow Electronics by 1.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company’s stock worth $539,000 after acquiring an additional 89 shares in the last quarter. Ironwood Investment Management LLC increased its holdings in shares of Arrow Electronics by 0.4% during the 4th quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company’s stock valued at $2,550,000 after acquiring an additional 100 shares during the last quarter. 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 in the last quarter. Finally, Principal Securities Inc. lifted its holdings in Arrow Electronics by 35.7% in the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock worth $54,000 after purchasing an additional 126 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ARW has been the subject of a number of recent analyst reports. Bank of America cut Arrow Electronics from a “neutral” rating to an “underperform” rating in a research report on Friday, February 7th. Wells Fargo & Company decreased their price objective on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a report on Friday, February 7th. Two equities research 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. According to MarketBeat.com, Arrow Electronics presently has a consensus rating of “Hold” and an average price target of $121.25.

Insider Activity at Arrow Electronics

In other news, Director William F. Austen bought 1,900 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $104.12 per share, with a total value of $197,828.00. Following the completion of the transaction, the director now directly owns 7,858 shares in the company, valued at $818,174.96. This represents a 31.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gail Hamilton sold 1,458 shares of Arrow Electronics stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $122.39, for a total value of $178,444.62. Following the sale, the director now directly owns 101 shares in the company, valued at $12,361.39. The trade was a 93.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,763 shares of company stock worth $824,095 in the last ninety days. 1.00% of the stock is currently owned by insiders.

Arrow Electronics Price Performance

NYSE ARW opened at $121.88 on Monday. The stock has a 50-day simple moving average of $106.87 and a 200 day simple moving average of $112.02. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80. The stock has a market capitalization of $6.32 billion, a PE ratio of 16.74, a P/E/G ratio of 0.52 and a beta of 1.10. 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 (NYSE:ARW) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.47 by $0.33. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.32 billion. During the same period in the previous year, the business posted $2.41 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Research 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.