Cooke & Bieler LP Trims Position in Arrow Electronics, Inc. (NYSE:ARW)

Cooke & Bieler LP lessened its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,785,308 shares of the technology company's stock after selling 54,843 shares during the quarter. Arrow Electronics accounts for approximately 1.9% of Cooke & Bieler LP's investment portfolio, making the stock its 14th biggest position. Cooke & Bieler LP owned about 3.39% of Arrow Electronics worth $201,954,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Atria Investments Inc boosted its position in Arrow Electronics by 36.7% in the third quarter. Atria Investments Inc now owns 4,433 shares of the technology company's stock valued at $589,000 after buying an additional 1,190 shares in the last quarter. Covestor Ltd increased its holdings in Arrow Electronics by 14.0% in the 3rd quarter. Covestor Ltd now owns 1,064 shares of the technology company's stock worth $141,000 after purchasing an additional 131 shares in the last quarter. Meritage Portfolio Management grew its holdings in shares of Arrow Electronics by 9.0% during the third quarter. Meritage Portfolio Management now owns 2,169 shares of the technology company's stock worth $288,000 after purchasing an additional 180 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Arrow Electronics in the 3rd quarter valued at approximately $267,000. Finally, Meixler Investment Management Ltd. lifted its holdings in Arrow Electronics by 94.2% during the 3rd quarter. Meixler Investment Management Ltd. now owns 3,333 shares of the technology company's stock worth $443,000 after buying an additional 1,617 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ARW. 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 price objective on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $121.25.

Arrow Electronics Stock Up 2.8 %

ARW stock traded up $2.81 during trading on Friday, reaching $104.74. 557,045 shares of the stock were exchanged, compared to its average volume of 510,797. The firm's 50 day moving average is $111.47 and its 200 day moving average is $120.31. The firm has a market cap of $5.46 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. Arrow Electronics, Inc. has a twelve month low of $101.78 and a twelve month high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, topping analysts' consensus estimates of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. As a group, research analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Insider Activity

In other news, Director William F. Austen purchased 1,900 shares of the business's stock in a transaction that occurred 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 completion of the acquisition, the director now owns 7,858 shares in the company, valued at $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Yun Sung Cho sold 353 shares of the company'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 completion of the sale, the chief accounting officer now directly owns 1,549 shares of the company's stock, valued at $173,658.39. The trade was 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.

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.