Empirical Finance LLC Has $546,000 Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Empirical Finance LLC cut its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 43.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,831 shares of the technology company's stock after selling 3,717 shares during the period. Empirical Finance LLC's holdings in Arrow Electronics were worth $546,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ARW. Pacer Advisors Inc. boosted its position in shares of Arrow Electronics by 71.9% during the third quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company's stock worth $278,220,000 after buying an additional 876,396 shares during the period. FMR LLC lifted its position in Arrow Electronics by 371.1% in the third quarter. FMR LLC now owns 434,905 shares of the technology company's stock worth $57,768,000 after purchasing an additional 342,590 shares during the period. Lind Value II ApS lifted its position in Arrow Electronics by 36.3% in the fourth quarter. Lind Value II ApS now owns 648,637 shares of the technology company's stock worth $73,374,000 after purchasing an additional 172,669 shares during the period. JPMorgan Chase & Co. lifted its position in Arrow Electronics by 115.0% in the third quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company's stock worth $41,948,000 after purchasing an additional 168,904 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Arrow Electronics by 220.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 149,510 shares of the technology company's stock worth $19,859,000 after purchasing an additional 102,854 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Arrow Electronics Stock Up 0.8 %

Shares of NYSE ARW traded up $0.90 during mid-day trading on Friday, reaching $109.12. The company had a trading volume of 431,226 shares, compared to its average volume of 500,211. The stock has a market capitalization of $5.74 billion, a PE ratio of 14.99 and a beta of 1.26. Arrow Electronics, Inc. has a twelve month low of $105.00 and a twelve month high of $137.80. The stock's 50 day moving average is $114.76 and its 200-day moving average is $122.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 1.46.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings data 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, equities analysts anticipate that Arrow Electronics, Inc. will post 12.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, CAO Yun Sung Cho sold 237 shares of the company's stock in a transaction dated Friday, February 14th. The shares were 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 represents a 10.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

ARW has been the subject of a number of research analyst reports. Truist Financial cut their target price on Arrow Electronics from $141.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, November 1st. Wells Fargo & Company cut their target price 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. Raymond James cut their target price on Arrow Electronics from $140.00 to $135.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Finally, Bank of America downgraded Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.