Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. reduced its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,899 shares of the technology company’s stock after selling 205 shares during the period. Avantax Advisory Services Inc.’s holdings in Arrow Electronics were worth $328,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ARW. BOK Financial Private Wealth Inc. acquired a new position in Arrow Electronics in the fourth quarter worth about $25,000. True Wealth Design LLC bought a new position in Arrow Electronics during the 3rd quarter worth approximately $31,000. Brooklyn Investment Group acquired a new position in shares of Arrow Electronics in the 3rd quarter worth approximately $40,000. Principal Securities Inc. increased its holdings in shares of Arrow Electronics by 35.7% in the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock valued at $54,000 after acquiring an additional 126 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Arrow Electronics by 24.6% during 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. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Price Performance

Shares of NYSE ARW opened at $107.15 on Wednesday. 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 $5.59 billion, a PE ratio of 14.72, a P/E/G ratio of 0.52 and a beta of 1.26. Arrow Electronics, Inc. has a 1-year low of $101.78 and a 1-year high of $137.80. The business’s fifty day moving average price is $110.55 and its two-hundred day moving average price is $118.72.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. On average, research analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Insider Buying and Selling

In other news, Director William F. Austen bought 1,900 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the purchase, the director now directly owns 7,858 shares of the company’s stock, valued at $818,174.96. This trade represents a 31.89 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Yun Sung Cho sold 353 shares of Arrow Electronics stock in a transaction on Monday, February 24th. The shares were sold at an average price of $112.11, for a total transaction of $39,574.83. Following the completion of the sale, the chief accounting officer now directly owns 1,549 shares of the company’s stock, valued at approximately $173,658.39. The trade was a 18.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ARW has been the subject of a number of research reports. Bank of America downgraded shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Wells Fargo & Company lowered 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 equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.