Vanguard Group Inc. Sells 115,865 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Vanguard Group Inc. reduced its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,107,823 shares of the technology company’s stock after selling 115,865 shares during the quarter. Vanguard Group Inc. owned 11.61% of Arrow Electronics worth $690,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ARW. BOK Financial Private Wealth Inc. purchased a new stake in shares of Arrow Electronics during the 4th quarter valued at about $25,000. True Wealth Design LLC purchased a new stake in Arrow Electronics in the third quarter worth approximately $31,000. Principal Securities Inc. grew its position 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 period. Parkside Financial Bank & Trust raised its stake in 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 buying an additional 112 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Arrow Electronics by 26.5% during the 4th quarter. IFP Advisors Inc now owns 630 shares of the technology company’s stock valued at $71,000 after buying an additional 132 shares during the period. 99.34% of the stock is currently owned by institutional investors.

Arrow Electronics Stock Performance

Shares of ARW opened at $103.55 on Monday. The business has a 50-day simple moving average of $109.95 and a two-hundred day simple moving average of $118.30. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. Arrow Electronics, Inc. has a 52 week low of $101.78 and a 52 week high of $137.80. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 0.52 and a beta of 1.26.

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

Insider Activity at Arrow Electronics

In other Arrow Electronics 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 bought at an average price of $104.12 per share, with a total value of $197,828.00. Following the purchase, the director now owns 7,858 shares of the company’s stock, valued at $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Yun Sung Cho sold 353 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $112.11, for a total value of $39,574.83. Following the completion of the transaction, the chief accounting officer now owns 1,549 shares of the company’s stock, valued at $173,658.39. The trade was a 18.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. 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 reduced their price target 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 assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $121.25.

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.