Inceptionr LLC Reduces Position in Arrow Electronics, Inc. (NYSE:ARW)

Inceptionr LLC reduced its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 43.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,822 shares of the technology company's stock after selling 2,879 shares during the quarter. Inceptionr LLC's holdings in Arrow Electronics were worth $432,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. True Wealth Design LLC purchased a new stake in Arrow Electronics in the 3rd quarter valued at about $31,000. Brooklyn Investment Group bought a new stake in shares of Arrow Electronics during the third quarter valued at approximately $40,000. Principal Securities Inc. boosted its holdings 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 purchasing an additional 126 shares during the period. Parkside Financial Bank & Trust increased its holdings in Arrow Electronics by 24.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company's stock worth $64,000 after purchasing an additional 112 shares during the period. Finally, IFP Advisors Inc increased its holdings in Arrow Electronics by 26.5% during the 4th quarter. IFP Advisors Inc now owns 630 shares of the technology company's stock worth $71,000 after purchasing an additional 132 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ARW has been the topic of a number of recent research reports. 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 report on Friday, February 7th. Bank of America cut shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a report 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 company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $121.25.

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Arrow Electronics Stock Down 2.0 %

Shares of NYSE:ARW traded down $2.05 on Wednesday, reaching $102.57. The company had a trading volume of 384,706 shares, compared to its average volume of 502,094. The firm has a market capitalization of $5.35 billion, a PE ratio of 14.09, a PEG ratio of 0.52 and a beta of 1.26. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. Arrow Electronics, Inc. has a 52-week low of $102.21 and a 52-week high of $137.80. The firm's 50 day simple moving average is $111.87 and its 200-day simple moving average is $120.57.

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

Insider Activity at Arrow Electronics

In other Arrow Electronics news, CAO Yun Sung Cho sold 353 shares of the stock in a transaction dated Monday, February 24th. The stock was 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 in the company, valued at approximately $173,658.39. This trade represents a 18.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

About Arrow Electronics

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.