First Trust Advisors LP Sells 17,667 Shares of Arrow Electronics, Inc. (NYSE:ARW)

First Trust Advisors LP reduced its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 208,025 shares of the technology company's stock after selling 17,667 shares during the quarter. First Trust Advisors LP owned about 0.40% of Arrow Electronics worth $23,532,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Boston Partners lifted its stake in shares of Arrow Electronics by 14.8% in the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock worth $280,138,000 after acquiring an additional 318,329 shares during the period. Greenhaven Associates Inc. lifted its stake in shares of Arrow Electronics by 1.1% in the fourth quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company's stock worth $215,477,000 after acquiring an additional 20,484 shares during the period. Fiduciary Management Inc. WI lifted its stake in shares of Arrow Electronics by 44.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock worth $175,214,000 after acquiring an additional 473,909 shares during the period. Lyrical Asset Management LP lifted its stake in shares of Arrow Electronics by 0.7% in the fourth quarter. Lyrical Asset Management LP now owns 1,454,883 shares of the technology company's stock worth $164,576,000 after acquiring an additional 9,670 shares during the period. Finally, FMR LLC lifted its stake in shares of Arrow Electronics by 208.8% in the fourth 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. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director William F. Austen bought 1,900 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost 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 approximately $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Yun Sung Cho sold 353 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $112.11, for a total value 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 $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 company insiders.

Wall Street Analysts Forecast Growth

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

Arrow Electronics Stock Down 1.4 %

Shares of NYSE:ARW traded down $1.58 during trading on Tuesday, reaching $111.40. 538,520 shares of the stock were exchanged, compared to its average volume of 481,536. Arrow Electronics, Inc. has a 1-year low of $86.50 and a 1-year high of $137.80. The stock has a fifty day moving average of $104.35 and a two-hundred day moving average of $113.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its earnings results 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 return on equity of 9.69% and a net margin of 1.40%. Research analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

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.