Arrow Electronics, Inc. (NYSE:ARW) Stock Holdings Lessened by LSV Asset Management

LSV Asset Management decreased its position in Arrow Electronics, Inc. (NYSE:ARW) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,268,600 shares of the technology company’s stock after selling 34,900 shares during the quarter. LSV Asset Management’s holdings in Arrow Electronics were worth $256,624,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. boosted its stake in shares of Arrow Electronics by 1.0% in the 4th quarter. Bessemer Group Inc. now owns 23,606 shares of the technology company’s stock valued at $2,670,000 after purchasing an additional 232 shares in the last quarter. CenterBook Partners LP boosted its position in Arrow Electronics by 275.2% during the 4th quarter. CenterBook Partners LP now owns 31,119 shares of the technology company’s stock worth $3,520,000 after acquiring an additional 22,825 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Arrow Electronics during the 4th quarter worth approximately $5,137,000. Bank of Nova Scotia raised its stake in Arrow Electronics by 11.6% in the 4th quarter. Bank of Nova Scotia now owns 3,019 shares of the technology company’s stock valued at $342,000 after acquiring an additional 315 shares during the period. Finally, FMR LLC raised its stake in Arrow Electronics by 208.8% in the 4th quarter. FMR LLC now owns 1,343,090 shares of the technology company’s stock valued at $151,930,000 after acquiring an additional 908,185 shares during the period. Institutional investors own 99.34% of the company’s stock.

Insider Activity at Arrow Electronics

In related news, CAO Yun Sung Cho sold 237 shares of Arrow Electronics stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $108.73, for a total value of $25,769.01. Following the completion of the sale, the chief accounting officer now owns 2,086 shares in the company, valued at approximately $226,810.78. This trade represents a 10.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William F. Austen acquired 1,900 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the acquisition, the director now owns 7,858 shares in the company, valued at approximately $818,174.96. The trade was a 31.89 % increase in their position. The disclosure for this purchase can be found here. 0.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ARW. Bank of America lowered Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Wells Fargo & Company cut their price objective 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. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $121.25.

Arrow Electronics Price Performance

Shares of Arrow Electronics stock opened at $101.04 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 0.52 and a beta of 1.18. Arrow Electronics, Inc. has a 52 week low of $86.50 and a 52 week high of $137.80. The stock’s 50-day simple moving average is $105.91 and its 200-day simple moving average is $116.27.

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

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.