Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by Globeflex Capital L P

Globeflex Capital L P lowered its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 285,612 shares of the technology company's stock after selling 53,738 shares during the quarter. Arrow Electronics makes up 2.7% of Globeflex Capital L P's holdings, making the stock its 7th largest position. Globeflex Capital L P owned about 0.54% of Arrow Electronics worth $32,309,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. purchased a new stake in shares of Arrow Electronics during the fourth quarter worth about $25,000. True Wealth Design LLC purchased a new stake in Arrow Electronics during the 3rd quarter worth approximately $31,000. Brooklyn Investment Group acquired a new position in shares of Arrow Electronics during the third quarter valued at approximately $40,000. Principal Securities Inc. lifted its position in shares of Arrow Electronics by 35.7% in the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock valued at $54,000 after acquiring an additional 126 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Arrow Electronics by 24.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company's stock worth $64,000 after buying an additional 112 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arrow Electronics

In related news, Director William F. Austen purchased 1,900 shares of the stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $104.12 per share, with a total value of $197,828.00. Following the purchase, 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Yun Sung Cho sold 237 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $108.73, for a total transaction of $25,769.01. Following the completion of the sale, the chief accounting officer now owns 2,086 shares of the company's stock, valued at $226,810.78. This trade represents a 10.20 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

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Arrow Electronics Stock Performance

Shares of Arrow Electronics stock traded up $1.82 during trading hours on Wednesday, hitting $109.25. 576,768 shares of the company were exchanged, compared to its average volume of 425,236. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average of $111.05 and a 200-day moving average of $119.52. Arrow Electronics, Inc. has a 1 year low of $101.78 and a 1 year high of $137.80. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings data 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 net margin of 1.40% and a return on equity of 9.69%. As a group, analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on ARW. Wells Fargo & Company decreased 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. 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 issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Arrow Electronics presently has a consensus rating of "Hold" and an average 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.