O Shaughnessy Asset Management LLC Reduces Holdings in Arrow Electronics, Inc. (NYSE:ARW)

O Shaughnessy Asset Management LLC cut its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 90.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,266 shares of the technology company's stock after selling 42,329 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Arrow Electronics were worth $483,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Franklin Resources Inc. grew its holdings in Arrow Electronics by 1,072.6% in the 3rd quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company's stock worth $5,564,000 after acquiring an additional 37,746 shares during the last quarter. Lind Value II ApS increased its holdings in Arrow Electronics by 36.3% during the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company's stock valued at $73,374,000 after purchasing an additional 172,669 shares during the period. JPMorgan Chase & Co. raised its position in Arrow Electronics by 115.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company's stock valued at $41,948,000 after purchasing an additional 168,904 shares during the last quarter. GAMMA Investing LLC raised its position in Arrow Electronics by 24.0% during the 4th quarter. GAMMA Investing LLC now owns 862 shares of the technology company's stock valued at $98,000 after purchasing an additional 167 shares during the last quarter. Finally, Polaris Capital Management LLC grew its position in shares of Arrow Electronics by 1.1% in the 4th quarter. Polaris Capital Management LLC now owns 261,203 shares of the technology company's stock worth $29,547,000 after buying an additional 2,800 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of equities analysts recently commented on the company. Bank of America downgraded Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Wells Fargo & Company reduced their price target on shares of 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 investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Arrow Electronics presently has an average rating of "Hold" and an average price target of $121.25.

Arrow Electronics Stock Down 0.3 %

NYSE ARW traded down $0.32 during trading hours on Wednesday, reaching $100.28. 20,059 shares of the company's stock traded hands, compared to its average volume of 468,280. The firm has a market cap of $5.20 billion, a PE ratio of 13.78, a PEG ratio of 0.52 and a beta of 1.18. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week high of $137.80. The firm has a 50-day simple moving average of $104.78 and a 200 day simple moving average of $115.33.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 EPS 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%. Sell-side analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Insider Activity

In related news, Director William F. Austen acquired 1,900 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $104.12 per share, with a total value of $197,828.00. Following the completion of the acquisition, the director now directly owns 7,858 shares of the company's stock, valued at approximately $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Yun Sung Cho sold 353 shares of Arrow Electronics stock in a transaction that occurred on 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 approximately $173,658.39. This trade represents a 18.56 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.