Jane Street Group LLC Raises Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

Jane Street Group LLC raised its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 726.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,040 shares of the technology company’s stock after purchasing an additional 83,543 shares during the period. Jane Street Group LLC’s holdings in Arrow Electronics were worth $10,751,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. lifted its stake in shares of Arrow Electronics by 1,072.6% in the third quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company’s stock worth $5,564,000 after buying an additional 37,746 shares in the last quarter. Lind Value II ApS lifted its stake in Arrow Electronics by 36.3% in 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 in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Arrow Electronics by 24.0% during the 4th quarter. GAMMA Investing LLC now owns 862 shares of the technology company’s stock worth $98,000 after purchasing an additional 167 shares during the last quarter. Polaris Capital Management LLC grew its position in shares of Arrow Electronics by 1.1% in the fourth quarter. Polaris Capital Management LLC now owns 261,203 shares of the technology company’s stock valued at $29,547,000 after purchasing an additional 2,800 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Arrow Electronics by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 498,907 shares of the technology company’s stock valued at $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.

Insider Buying and Selling at Arrow Electronics

In other news, Director William F. Austen bought 1,900 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $104.12 per share, with a total value of $197,828.00. Following the transaction, the director now directly owns 7,858 shares in the company, valued at $818,174.96. The trade was a 31.89 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Yun Sung Cho sold 237 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Arrow Electronics Stock Performance

NYSE ARW opened at $115.13 on Wednesday. The stock has a fifty day simple moving average of $104.72 and a 200-day simple moving average of $112.84. 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 stock has a market cap of $5.97 billion, a PE ratio of 15.81, a P/E/G ratio of 0.52 and a beta of 1.10. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80.

Arrow Electronics (NYSE:ARW) last announced its earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.33. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.32 billion. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. Arrow Electronics’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.41 earnings per share. Equities analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share 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.