Cetera Investment Advisers Has $941,000 Stake in Arrow Electronics, Inc. (NYSE:ARW)

Cetera Investment Advisers grew its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 22.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,317 shares of the technology company’s stock after purchasing an additional 1,540 shares during the period. Cetera Investment Advisers’ holdings in Arrow Electronics were worth $941,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARW. BOK Financial Private Wealth Inc. bought a new position in shares of Arrow Electronics during the 4th quarter valued at approximately $25,000. Brown Brothers Harriman & Co. bought a new position in shares of Arrow Electronics in the fourth quarter worth $31,000. New Age Alpha Advisors LLC bought a new position in shares of Arrow Electronics in the fourth quarter worth $47,000. Principal Securities Inc. increased its holdings in shares of Arrow Electronics by 35.7% in the fourth 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 period. Finally, CoreFirst Bank & Trust bought a new position in Arrow Electronics in the fourth quarter valued at $55,000. 99.34% of the stock is owned by institutional investors.

Arrow Electronics Stock Performance

Arrow Electronics stock opened at $117.19 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. The firm has a market capitalization of $6.08 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 0.52 and a beta of 1.10. The company’s 50-day moving average is $108.36 and its 200 day moving average is $112.11. Arrow Electronics, Inc. has a 1-year low of $86.50 and a 1-year high of $137.80.

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

Insiders Place Their Bets

In other news, CAO Yun Sung Cho sold 353 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $112.11, for a total value of $39,574.83. Following the transaction, the chief accounting officer now directly owns 1,549 shares of the company’s stock, valued at approximately $173,658.39. This trade represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gail Hamilton sold 1,458 shares of Arrow Electronics stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $122.39, for a total transaction of $178,444.62. Following the sale, the director now owns 101 shares of the company’s stock, valued at approximately $12,361.39. This represents a 93.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,763 shares of company stock valued at $824,095. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ARW has been the subject of a number of analyst reports. Wells Fargo & Company dropped their target price 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. Bank of America downgraded shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research report on Friday, February 7th. Two research 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.com, the company currently has an average rating of “Hold” and a consensus target price of $121.25.

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.