Dana Investment Advisors Inc. Lowers Position in Arrow Electronics, Inc. (NYSE:ARW)

Dana Investment Advisors Inc. decreased its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,437 shares of the technology company's stock after selling 3,054 shares during the period. Dana Investment Advisors Inc.'s holdings in Arrow Electronics were worth $2,651,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Arrow Electronics by 40.0% during the third quarter. Van ECK Associates Corp now owns 29,576 shares of the technology company's stock valued at $3,915,000 after acquiring an additional 8,450 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Arrow Electronics by 39.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 42,641 shares of the technology company's stock valued at $5,664,000 after purchasing an additional 12,159 shares during the period. QRG Capital Management Inc. increased its position in shares of Arrow Electronics by 6.4% during the 3rd quarter. QRG Capital Management Inc. now owns 7,421 shares of the technology company's stock valued at $986,000 after purchasing an additional 445 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Arrow Electronics during the 3rd quarter worth $73,000. Finally, Atria Investments Inc boosted its holdings in shares of Arrow Electronics by 36.7% in the 3rd quarter. Atria Investments Inc now owns 4,433 shares of the technology company's stock worth $589,000 after buying an additional 1,190 shares during the last quarter. Institutional investors own 99.34% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of 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 lowered shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $121.25.

Insiders Place Their Bets

In other news, 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 sale, the chief accounting officer now directly owns 1,549 shares in the company, valued at $173,658.39. This represents a 18.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.00% of the company's stock.

Arrow Electronics Stock Performance

Arrow Electronics stock traded down $2.86 during midday trading on Tuesday, reaching $104.66. The stock had a trading volume of 449,874 shares, compared to its average volume of 507,080. The firm has a market capitalization of $5.46 billion, a PE ratio of 14.38, a P/E/G ratio of 0.52 and a beta of 1.26. Arrow Electronics, Inc. has a 12 month low of $103.40 and a 12 month high of $137.80. 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 firm's 50-day moving average price is $112.04 and its 200 day moving average price is $120.77.

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 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%. As a group, research analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

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.