JPMorgan Chase & Co. Has $17.26 Million Stake in Arrow Electronics, Inc. (NYSE:ARW)

JPMorgan Chase & Co. cut its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 51.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 152,554 shares of the technology company's stock after selling 163,246 shares during the quarter. JPMorgan Chase & Co. owned about 0.29% of Arrow Electronics worth $17,257,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Boston Partners boosted its holdings in 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 purchasing an additional 318,329 shares in the last quarter. Greenhaven Associates Inc. lifted its position 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 buying an additional 20,484 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Arrow Electronics by 6.3% during the 4th quarter. Sei Investments Co. now owns 770,975 shares of the technology company's stock worth $87,214,000 after acquiring an additional 45,593 shares in the last quarter. Lind Value II ApS increased its holdings in shares of Arrow Electronics by 36.3% during the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company's stock valued at $73,374,000 after acquiring an additional 172,669 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Arrow Electronics by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 498,907 shares of the technology company's stock valued at $56,436,000 after acquiring an additional 14,971 shares in the last quarter. 99.34% of the stock is owned by institutional investors.

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Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, CAO Yun Sung Cho sold 237 shares of the business's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $108.73, for a total value of $25,769.01. Following the sale, the chief accounting officer now owns 2,086 shares of the company's stock, valued at $226,810.78. The trade was a 10.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William F. Austen acquired 1,900 shares of Arrow Electronics 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 completion of the acquisition, 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 disclosure for this purchase can be found here. Insiders own 1.00% of the company's stock.

Arrow Electronics Stock Performance

Shares of ARW traded up $0.53 during mid-day trading on Tuesday, hitting $100.53. The company's stock had a trading volume of 818,294 shares, compared to its average volume of 469,824. The stock's 50-day moving average is $104.96 and its two-hundred day moving average is $115.43. The firm has a market capitalization of $5.21 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80.

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 for the quarter, beating 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, sell-side analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Analyst Upgrades and Downgrades

ARW has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a research 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 equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Arrow Electronics currently has a consensus rating of "Hold" and a consensus price target of $121.25.

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.