Blue Trust Inc. Has $376,000 Stake in Arrow Electronics, Inc. (NYSE:ARW)

Blue Trust Inc. reduced its stake in Arrow Electronics, Inc. (NYSE:ARW) by 17.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,328 shares of the technology company’s stock after selling 708 shares during the period. Blue Trust Inc.’s holdings in Arrow Electronics were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ARW. Pacer Advisors Inc. increased its holdings in Arrow Electronics by 71.9% in the 3rd quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company’s stock worth $278,220,000 after purchasing an additional 876,396 shares in the last quarter. Greenhaven Associates Inc. increased its stake in shares of Arrow Electronics by 1.1% in the fourth quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company’s stock valued at $215,477,000 after buying an additional 20,484 shares during the period. State Street Corp raised its holdings in Arrow Electronics by 0.3% in the 3rd quarter. State Street Corp now owns 1,689,695 shares of the technology company’s stock valued at $224,442,000 after buying an additional 4,811 shares during the last quarter. Lind Value II ApS boosted its position in Arrow Electronics by 36.3% during the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company’s stock worth $73,374,000 after buying an additional 172,669 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Arrow Electronics by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 483,936 shares of the technology company’s stock worth $64,281,000 after acquiring an additional 10,340 shares during the last quarter. 99.34% of the stock is currently 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 stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $108.73, for a total value of $25,769.01. Following the transaction, the chief accounting officer now owns 2,086 shares in the company, valued at approximately $226,810.78. This represents a 10.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Arrow Electronics Stock Up 1.7 %

Shares of NYSE:ARW opened at $110.93 on Wednesday. Arrow Electronics, Inc. has a 1 year low of $105.00 and a 1 year high of $137.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.09. The business’s 50-day moving average is $114.49 and its 200-day moving average is $122.74. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 15.24 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. Equities research analysts predict that Arrow Electronics, Inc. will post 12.81 earnings per share for the current year.

Analysts Set New Price Targets

ARW has been the topic of a number of recent research reports. Bank of America lowered shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Wells Fargo & Company reduced their price target on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a research report on Friday, February 7th. Truist Financial lowered their price objective on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Finally, Raymond James reduced their target price on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.