Legal & General Group Plc Has $14.24 Million Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Legal & General Group Plc lessened its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,875 shares of the technology company's stock after selling 6,044 shares during the period. Legal & General Group Plc owned approximately 0.24% of Arrow Electronics worth $14,239,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Arrow Electronics by 208.8% during the fourth quarter. FMR LLC now owns 1,343,090 shares of the technology company's stock valued at $151,930,000 after buying an additional 908,185 shares during the last quarter. Federated Hermes Inc. raised its stake in Arrow Electronics by 3.5% during the 4th quarter. Federated Hermes Inc. now owns 5,367 shares of the technology company's stock valued at $607,000 after acquiring an additional 183 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its position in Arrow Electronics by 32.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,905 shares of the technology company's stock worth $215,000 after acquiring an additional 469 shares during the period. Lyrical Asset Management LP grew 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 worth $164,576,000 after purchasing an additional 9,670 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Arrow Electronics by 2.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 151,752 shares of the technology company's stock valued at $17,166,000 after purchasing an additional 4,044 shares during the period. 99.34% of the stock is currently owned by institutional investors.

Arrow Electronics Price Performance

NYSE ARW traded down $0.39 on Monday, reaching $101.81. The company's stock had a trading volume of 15,113 shares, compared to its average volume of 471,007. The firm's 50 day moving average is $104.43 and its two-hundred day moving average is $114.60. The stock has a market cap of $5.28 billion, a PE ratio of 14.03, a PEG 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 twelve month low of $86.50 and a twelve month high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported $2.97 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, sell-side analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ARW. Wells Fargo & Company reduced their price objective on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a 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's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $121.25.

Insider Activity

In other Arrow Electronics news, Director William F. Austen purchased 1,900 shares of the stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the transaction, the director now directly owns 7,858 shares in the company, valued at $818,174.96. This represents a 31.89 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Yun Sung Cho sold 353 shares of Arrow Electronics stock in a transaction on Monday, February 24th. The stock was sold at an average price of $112.11, for a total transaction of $39,574.83. Following the transaction, the chief accounting officer now directly 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 disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

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.