Blair William & Co. IL Lowers Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Blair William & Co. IL reduced its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,051 shares of the technology company’s stock after selling 140 shares during the quarter. Blair William & Co. IL’s holdings in Arrow Electronics were worth $345,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new stake in shares of Arrow Electronics during the 4th quarter worth $25,000. Principal Securities Inc. increased its stake in Arrow Electronics by 35.7% during the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock worth $54,000 after acquiring an additional 126 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in shares of Arrow Electronics in the 4th quarter worth about $55,000. Parkside Financial Bank & Trust lifted 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 purchasing an additional 112 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Arrow Electronics by 26.5% during the 4th quarter. IFP Advisors Inc now owns 630 shares of the technology company’s stock worth $71,000 after purchasing an additional 132 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, CAO Yun Sung Cho sold 237 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $108.73, for a total transaction of $25,769.01. Following the completion of the transaction, the chief accounting officer now directly owns 2,086 shares of the company’s stock, valued at $226,810.78. This trade represents a 10.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William F. Austen bought 1,900 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the purchase, the director now owns 7,858 shares in the company, valued at approximately $818,174.96. This represents a 31.89 % increase in their position. The disclosure for this purchase can be found here. 1.00% of the stock is owned by insiders.

Arrow Electronics Trading Down 4.1 %

NYSE ARW opened at $92.21 on Friday. The stock has a market cap of $4.78 billion, a P/E ratio of 12.67, a PEG ratio of 0.52 and a beta of 1.18. The company’s fifty day simple moving average is $108.08 and its 200-day simple moving average is $117.45. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. Arrow Electronics, Inc. has a 52 week low of $89.45 and a 52 week high of $137.80.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on ARW shares. Bank of America cut shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research report on Friday, February 7th. Wells Fargo & Company decreased 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 research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $121.25.

Arrow Electronics 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.