Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by Barclays PLC

Barclays PLC lowered its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 36.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 118,434 shares of the technology company's stock after selling 67,407 shares during the period. Barclays PLC owned about 0.23% of Arrow Electronics worth $13,397,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its position in Arrow Electronics by 208.8% during the 4th quarter. FMR LLC now owns 1,343,090 shares of the technology company's stock worth $151,930,000 after acquiring an additional 908,185 shares during the period. Boston Partners increased its stake in Arrow Electronics by 14.8% in the 4th quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock valued at $280,138,000 after buying an additional 318,329 shares during the period. Lind Value II ApS lifted its stake in shares of Arrow Electronics by 36.3% in the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company's stock worth $73,374,000 after acquiring an additional 172,669 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Arrow Electronics by 115.0% in the third quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company's stock valued at $41,948,000 after acquiring an additional 168,904 shares in the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in Arrow Electronics in the fourth quarter valued at about $14,435,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ARW shares. Wells Fargo & Company reduced their price target on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, February 7th. Bank of America downgraded shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $121.25.

Arrow Electronics Price Performance

Shares of Arrow Electronics stock traded up $4.22 on Thursday, hitting $112.00. The company's stock had a trading volume of 400,217 shares, compared to its average volume of 478,044. 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 company has a market capitalization of $5.81 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. The firm has a fifty day moving average price of $104.25 and a 200-day moving average price of $114.28. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director William F. Austen purchased 1,900 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the acquisition, the director now directly 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 filing with the SEC, which is available at this link. Also, CAO Yun Sung Cho sold 353 shares of the company'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 sale, the chief accounting officer now owns 1,549 shares of the company's stock, valued at approximately $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. 1.00% of the stock is owned by corporate insiders.

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.