Blair William & Co. IL Trims Position in Arrow Electronics, Inc. (NYSE:ARW)

Blair William & Co. IL lowered its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,051 shares of the technology company’s stock after selling 140 shares during the quarter. Blair William & Co. IL’s holdings in Arrow Electronics were worth $345,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Arrow Electronics by 8.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 46,261 shares of the technology company’s stock worth $5,233,000 after acquiring an additional 3,515 shares during the period. CoreFirst Bank & Trust acquired a new position in Arrow Electronics during the 4th quarter worth approximately $55,000. Fox Run Management L.L.C. purchased a new position in shares of Arrow Electronics during the 4th quarter worth approximately $409,000. KLP Kapitalforvaltning AS purchased a new position in shares of Arrow Electronics during the 4th quarter worth approximately $1,550,000. Finally, AXQ Capital LP lifted its holdings in shares of Arrow Electronics by 209.3% in the 4th quarter. AXQ Capital LP now owns 8,810 shares of the technology company’s stock valued at $997,000 after buying an additional 5,962 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Arrow Electronics Stock Down 4.1 %

Arrow Electronics stock opened at $92.21 on Friday. Arrow Electronics, Inc. has a fifty-two week low of $89.45 and a fifty-two week high of $137.80. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. The stock’s fifty day moving average is $108.08 and its two-hundred day moving average is $117.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. Analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on ARW shares. Wells Fargo & Company cut their price objective on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Bank of America downgraded shares of 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 given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $121.25.

Insider Transactions at Arrow Electronics

In other news, Director William F. Austen bought 1,900 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $104.12 per share, with a total value of $197,828.00. Following the purchase, 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Yun Sung Cho sold 353 shares of the firm’s stock in a transaction dated 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. This represents a 18.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

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.