Intech Investment Management LLC Reduces Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Intech Investment Management LLC lessened its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 74.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,632 shares of the technology company's stock after selling 10,606 shares during the quarter. Intech Investment Management LLC's holdings in Arrow Electronics were worth $411,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ARW. Quest Partners LLC purchased a new position in shares of Arrow Electronics in the 3rd quarter valued at about $204,000. Charles Schwab Investment Management Inc. raised its holdings in Arrow Electronics by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 483,936 shares of the technology company's stock worth $64,281,000 after purchasing an additional 10,340 shares in the last quarter. Cerity Partners LLC raised its holdings in Arrow Electronics by 140.4% during the third quarter. Cerity Partners LLC now owns 12,034 shares of the technology company's stock worth $1,598,000 after purchasing an additional 7,028 shares in the last quarter. Summit Trail Advisors LLC lifted its position in shares of Arrow Electronics by 2.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 3,925 shares of the technology company's stock worth $521,000 after buying an additional 108 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new position in shares of Arrow Electronics in the 3rd quarter valued at $628,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Arrow Electronics

In other news, Director William F. Austen purchased 1,900 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price 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. The trade was a 31.89 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Yun Sung Cho sold 353 shares of the firm's stock in a transaction that occurred 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 transaction, 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. Company insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

ARW has been the subject of a number of research reports. Bank of America cut shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th. Wells Fargo & Company reduced their target price on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, February 7th. Two investment 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, the stock presently has an average rating of "Hold" and a consensus target price of $121.25.

Arrow Electronics Stock Performance

ARW stock traded down $1.82 on Friday, hitting $103.55. The company's stock had a trading volume of 343,356 shares, compared to its average volume of 450,336. The firm has a 50 day moving average of $109.95 and a two-hundred day moving average of $118.34. Arrow Electronics, Inc. has a 1 year low of $101.78 and a 1 year high of $137.80. 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 stock has a market cap of $5.40 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly 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%. Equities analysts predict that Arrow Electronics, Inc. will post 10.57 EPS 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.