Alliancebernstein L.P. Reduces Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Alliancebernstein L.P. lessened its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 91,382 shares of the technology company's stock after selling 16,448 shares during the quarter. Alliancebernstein L.P. owned about 0.17% of Arrow Electronics worth $10,337,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BOK Financial Private Wealth Inc. acquired a new stake in shares of Arrow Electronics during the 4th quarter worth approximately $25,000. Brown Brothers Harriman & Co. purchased a new position in Arrow Electronics in the fourth quarter worth approximately $31,000. New Age Alpha Advisors LLC acquired a new stake in Arrow Electronics during the fourth quarter worth $47,000. Principal Securities Inc. raised its position in Arrow Electronics by 35.7% in the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock valued at $54,000 after purchasing an additional 126 shares during the period. Finally, CoreFirst Bank & Trust acquired a new position in shares of Arrow Electronics in the 4th quarter valued at $55,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Analyst Upgrades and Downgrades

ARW has been the topic of several 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 decreased 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 research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $121.25.

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Arrow Electronics Trading Up 0.2 %

NYSE:ARW traded up $0.24 on Tuesday, reaching $100.24. 320,632 shares of the company's stock were exchanged, compared to its average volume of 467,909. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth 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 company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average of $104.96 and a 200-day moving average of $115.43.

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

Insider Activity

In other Arrow Electronics news, CAO Yun Sung Cho sold 237 shares of the 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 sale, the chief accounting officer now directly owns 2,086 shares of the company's stock, valued at approximately $226,810.78. This represents a 10.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director William F. Austen acquired 1,900 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $104.12 per share, with a total value of $197,828.00. Following the completion of the transaction, 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. Insiders own 1.00% of the company's stock.

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.