Avantax Advisory Services Inc. Lowers Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Avantax Advisory Services Inc. cut its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 6.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,899 shares of the technology company’s stock after selling 205 shares during the period. Avantax Advisory Services Inc.’s holdings in Arrow Electronics were worth $328,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. BOK Financial Private Wealth Inc. acquired a new position in Arrow Electronics in the fourth quarter valued at $25,000. True Wealth Design LLC acquired a new position in shares of Arrow Electronics during the 3rd quarter valued at about $31,000. Brooklyn Investment Group acquired a new position in shares of Arrow Electronics during the 3rd quarter valued at about $40,000. Principal Securities Inc. lifted its holdings in shares of Arrow Electronics by 35.7% during the 4th 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 period. Finally, Parkside Financial Bank & Trust boosted its position in shares of Arrow Electronics by 24.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company’s stock worth $64,000 after acquiring an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Arrow Electronics Price Performance

ARW opened at $107.15 on Wednesday. The company has a 50 day moving average of $110.55 and a two-hundred day moving average of $118.72. Arrow Electronics, Inc. has a 52-week low of $101.78 and a 52-week high of $137.80. 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 cap of $5.59 billion, a P/E ratio of 14.72, a P/E/G ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results 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, analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Yun Sung Cho sold 237 shares of the firm’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 sale, the chief accounting officer now directly owns 2,086 shares in the company, valued at $226,810.78. This trade 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 available at this hyperlink. Also, Director William F. Austen purchased 1,900 shares of the business’s stock in a transaction that occurred on 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 purchase, the director now owns 7,858 shares of the company’s stock, 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

ARW has been the topic of a number of research analyst 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 cut their target price 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 analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Arrow Electronics currently 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.