Cerity Partners LLC Trims Position in Arrow Electronics, Inc. (NYSE:ARW)

Cerity Partners LLC trimmed its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 66.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,086 shares of the technology company's stock after selling 7,948 shares during the quarter. Cerity Partners LLC's holdings in Arrow Electronics were worth $462,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARW. BOK Financial Private Wealth Inc. bought a new position in Arrow Electronics during the fourth quarter valued at $25,000. Brown Brothers Harriman & Co. purchased a new position in shares of Arrow Electronics during the 4th quarter valued at $31,000. New Age Alpha Advisors LLC bought a new position in shares of Arrow Electronics during the 4th quarter worth $47,000. Principal Securities Inc. increased its holdings in Arrow Electronics by 35.7% in 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 last quarter. Finally, CoreFirst Bank & Trust bought a new stake in Arrow Electronics in the 4th quarter valued at about $55,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ARW has been the subject of several recent research reports. Bank of America downgraded shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Wells Fargo & Company dropped 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 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $121.25.

Insider Transactions at Arrow Electronics

In other Arrow Electronics news, Director William F. Austen bought 1,900 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the purchase, the director now owns 7,858 shares in the company, valued at approximately $818,174.96. This trade represents a 31.89 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Yun Sung Cho sold 353 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $112.11, for a total value of $39,574.83. Following the completion of the transaction, the chief accounting officer now owns 1,549 shares of the company's stock, valued at $173,658.39. This represents a 18.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Arrow Electronics Trading Down 0.6 %

Shares of ARW traded down $0.68 during trading hours on Friday, reaching $111.40. 385,833 shares of the company traded hands, compared to its average volume of 478,173. Arrow Electronics, Inc. has a 12 month low of $86.50 and a 12 month high of $137.80. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. The company's fifty day moving average price is $104.31 and its two-hundred day moving average price is $114.15. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share 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%. Equities research analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

About Arrow Electronics

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.