Savant Capital LLC Has $699,000 Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Savant Capital LLC cut its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 30.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,180 shares of the technology company’s stock after selling 2,728 shares during the quarter. Savant Capital LLC’s holdings in Arrow Electronics were worth $699,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Pacer Advisors Inc. increased its stake in shares of Arrow Electronics by 71.9% in the third quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company’s stock valued at $278,220,000 after buying 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 in the last quarter. State Street Corp increased its stake in shares of Arrow Electronics by 0.3% in the third 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 in the last quarter. Lind Value II ApS boosted its holdings in Arrow Electronics by 36.3% in the fourth quarter. Lind Value II ApS now owns 648,637 shares of the technology company’s stock valued at $73,374,000 after acquiring an additional 172,669 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Arrow Electronics by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 483,936 shares of the technology company’s stock valued at $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

In other news, CAO Yun Sung Cho sold 237 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was 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 represents a 10.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Arrow Electronics Price Performance

Shares of ARW opened at $109.12 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. Arrow Electronics, Inc. has a 1 year low of $105.00 and a 1 year high of $137.80. The stock has a market cap of $5.74 billion, a P/E ratio of 14.99 and a beta of 1.26. The stock’s 50-day moving average price is $114.76 and its two-hundred day moving average price is $122.89.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) 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%. On average, equities analysts predict that Arrow Electronics, Inc. will post 12.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ARW shares. Truist Financial decreased their price target on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Wells Fargo & Company decreased their price target on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Raymond James decreased their price target on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Bank of America cut Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Arrow Electronics presently has a consensus rating of “Hold” and a consensus 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.