Knightsbridge Asset Management LLC Sells 7,751 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Knightsbridge Asset Management LLC decreased its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 13.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,363 shares of the technology company's stock after selling 7,751 shares during the quarter. Knightsbridge Asset Management LLC owned 0.09% of Arrow Electronics worth $5,471,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ARW. Dimensional Fund Advisors LP increased its stake in shares of Arrow Electronics by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company's stock valued at $331,493,000 after buying an additional 91,310 shares during the period. Boston Partners increased 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 valued at $280,138,000 after buying an additional 318,329 shares during the period. Greenhaven Associates Inc. increased 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 valued at $215,477,000 after buying an additional 20,484 shares during the period. Fiduciary Management Inc. WI increased 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 valued at $175,214,000 after buying an additional 473,909 shares during the period. Finally, Lyrical Asset Management LP increased 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 valued at $164,576,000 after buying an additional 9,670 shares during the period. Institutional investors and hedge funds own 99.34% of the company's stock.

Arrow Electronics Trading Up 1.1 %

ARW stock traded up $1.28 during midday trading on Monday, hitting $113.00. The stock had a trading volume of 729,753 shares, compared to its average volume of 481,309. The firm has a market cap of $5.86 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. 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 1-year low of $86.50 and a 1-year high of $137.80. The business has a fifty day moving average price of $104.35 and a two-hundred day moving average price of $113.60.

Arrow Electronics (NYSE:ARW - Get Free Report) last released 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 net margin of 1.40% and a return on equity of 9.69%. On average, sell-side analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ARW shares. Bank of America downgraded Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Wells Fargo & Company reduced their price objective on shares of 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 assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $121.25.

Insider Activity

In other news, CAO Yun Sung Cho sold 353 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $112.11, for a total transaction of $39,574.83. Following the transaction, the chief accounting officer now owns 1,549 shares in the company, valued at approximately $173,658.39. This represents a 18.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William F. Austen acquired 1,900 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were bought 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 of the company's stock, valued at approximately $818,174.96. This trade represents a 31.89 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company's stock.

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.