Natixis Advisors LLC Has $21.37 Million Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Natixis Advisors LLC decreased its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 188,924 shares of the technology company's stock after selling 23,051 shares during the quarter. Natixis Advisors LLC owned about 0.36% of Arrow Electronics worth $21,371,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ARW. Ironwood Investment Management LLC boosted its stake in Arrow Electronics by 0.4% during the 4th quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company's stock valued at $2,550,000 after purchasing an additional 100 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Arrow Electronics by 2.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 7,286 shares of the technology company's stock worth $824,000 after buying an additional 190 shares during the period. Vestcor Inc grew its holdings in Arrow Electronics by 30.7% in the 4th quarter. Vestcor Inc now owns 4,863 shares of the technology company's stock worth $550,000 after buying an additional 1,143 shares in the last quarter. HighTower Advisors LLC increased its position in Arrow Electronics by 2.6% in the 4th quarter. HighTower Advisors LLC now owns 18,975 shares of the technology company's stock valued at $2,146,000 after acquiring an additional 474 shares during the period. Finally, Wealthfront Advisers LLC bought a new stake in Arrow Electronics during the 4th quarter valued at $1,758,000. Institutional investors own 99.34% of the company's stock.

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Arrow Electronics Price Performance

Shares of Arrow Electronics stock traded down $1.70 during trading on Friday, hitting $104.24. The stock had a trading volume of 3,018,152 shares, compared to its average volume of 435,741. The business has a fifty day moving average of $110.86 and a two-hundred day moving average of $119.35. Arrow Electronics, Inc. has a fifty-two week low of $101.78 and a fifty-two week high of $137.80. The firm has a market cap of $5.44 billion, a P/E ratio of 14.32, a PEG ratio of 0.52 and a beta of 1.26. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08.

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%. On average, sell-side analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ARW shares. Wells Fargo & Company decreased their price target on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, February 7th. Bank of America cut shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Arrow Electronics has a consensus rating of "Hold" and an average target price of $121.25.

Insiders Place Their Bets

In related news, CAO Yun Sung Cho sold 237 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $108.73, for a total transaction of $25,769.01. Following the transaction, the chief accounting officer now directly owns 2,086 shares of the company's stock, valued at approximately $226,810.78. The trade was a 10.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William F. Austen acquired 1,900 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of $104.12 per share, with a total value of $197,828.00. Following the completion of the transaction, the director now directly owns 7,858 shares in the company, 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. 1.00% of the stock is currently owned by company insiders.

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.