Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by Clark Estates Inc. NY

Clark Estates Inc. NY cut its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,260 shares of the technology company's stock after selling 2,940 shares during the quarter. Clark Estates Inc. NY's holdings in Arrow Electronics were worth $2,744,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Pacer Advisors Inc. grew its holdings 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 valued at $278,220,000 after buying an additional 876,396 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Arrow Electronics by 1,072.6% in the third quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company's stock valued at $5,564,000 after purchasing an additional 37,746 shares during the last quarter. Cerity Partners LLC boosted its holdings in Arrow Electronics by 140.4% in the third quarter. Cerity Partners LLC now owns 12,034 shares of the technology company's stock valued at $1,598,000 after purchasing an additional 7,028 shares during the last quarter. Lind Value II ApS boosted its holdings 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 valued at $73,374,000 after purchasing an additional 172,669 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in 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 purchasing an additional 168,904 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Arrow Electronics

In related news, CAO Yun Sung Cho sold 353 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $112.11, for a total transaction of $39,574.83. Following the completion of the transaction, the chief accounting officer now owns 1,549 shares in the company, valued at $173,658.39. This represents a 18.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company's stock.

Arrow Electronics Price Performance

Shares of ARW stock traded up $3.47 during mid-day trading on Friday, hitting $109.35. 467,916 shares of the stock were exchanged, compared to its average volume of 508,057. The firm has a fifty day moving average of $112.14 and a 200 day moving average of $121.06. 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, Inc. has a 52-week low of $103.40 and a 52-week high of $137.80. The company has a market cap of $5.70 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26.

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, topping the consensus estimate of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. Research analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Analyst Ratings Changes

ARW has been the topic of several recent research reports. Wells Fargo & Company lowered their price target on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a report on Friday, February 7th. Bank of America lowered shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a 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 given a buy rating to the stock. According to data from MarketBeat.com, Arrow Electronics has an average rating of "Hold" and a consensus target price of $121.25.

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.