Envestnet Portfolio Solutions Inc. Has $577,000 Position in Arrow Electronics, Inc. (NYSE:ARW)

Envestnet Portfolio Solutions Inc. increased its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 4.8% during the 4th quarter, Holdings Channel reports. The fund owned 5,101 shares of the technology company’s stock after acquiring an additional 234 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Arrow Electronics were worth $577,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Quest Partners LLC bought a new position in shares of Arrow Electronics during the 3rd quarter worth about $204,000. Charles Schwab Investment Management Inc. increased its position in Arrow Electronics by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 483,936 shares of the technology company’s stock valued at $64,281,000 after buying an additional 10,340 shares in the last quarter. Cerity Partners LLC raised its stake in Arrow Electronics by 140.4% during the 3rd quarter. Cerity Partners LLC now owns 12,034 shares of the technology company’s stock worth $1,598,000 after buying an additional 7,028 shares during the period. Summit Trail Advisors LLC boosted its holdings in Arrow Electronics by 2.8% in the third quarter. Summit Trail Advisors LLC now owns 3,925 shares of the technology company’s stock worth $521,000 after acquiring an additional 108 shares in the last quarter. Finally, Qsemble Capital Management LP acquired a new stake in Arrow Electronics in the third quarter valued at approximately $628,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Arrow Electronics Stock Down 1.1 %

ARW stock opened at $107.15 on Wednesday. The stock’s 50 day moving average is $110.55 and its 200-day moving average is $118.72. Arrow Electronics, Inc. has a twelve month low of $101.78 and a twelve month high of $137.80. 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. 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 (NYSE:ARW) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. Sell-side analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ARW. Bank of America lowered Arrow Electronics from a “neutral” rating to an “underperform” rating in a research 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 on the stock in a 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 assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $121.25.

Insider Buying and Selling

In other news, CAO Yun Sung Cho sold 353 shares of Arrow Electronics stock in a transaction on Monday, February 24th. The stock was sold at an average price of $112.11, for a total transaction of $39,574.83. Following the sale, the chief accounting officer now directly owns 1,549 shares in the company, valued at $173,658.39. The trade was a 18.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William F. Austen purchased 1,900 shares of Arrow Electronics 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 transaction, 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 position. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.

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.