17,420 Shares in Arrow Electronics, Inc. (NYSE:ARW) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,420 shares of the technology company's stock, valued at approximately $1,971,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARW. Pacer Advisors Inc. increased its holdings in Arrow Electronics by 71.9% during the 3rd quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company's stock valued at $278,220,000 after purchasing an additional 876,396 shares in the last quarter. FMR LLC boosted its holdings in Arrow Electronics by 371.1% during the third quarter. FMR LLC now owns 434,905 shares of the technology company's stock worth $57,768,000 after buying an additional 342,590 shares during the last quarter. Lind Value II ApS grew its position 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 worth $73,374,000 after buying an additional 172,669 shares during the period. JPMorgan Chase & Co. grew its holdings in Arrow Electronics by 115.0% during the third quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company's stock valued at $41,948,000 after purchasing an additional 168,904 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of Arrow Electronics by 220.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 149,510 shares of the technology company's stock valued at $19,859,000 after buying an additional 102,854 shares in the last quarter. 99.34% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Bank of America cut Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Wells Fargo & Company lowered 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 company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $121.25.

Insider Activity at Arrow Electronics

In related 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 transaction of $25,769.01. Following the transaction, the chief accounting officer now directly owns 2,086 shares in the company, valued at approximately $226,810.78. The trade was a 10.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

Arrow Electronics Stock Down 1.8 %

Shares of ARW stock traded down $1.92 during trading on Monday, reaching $107.42. The company's stock had a trading volume of 521,353 shares, compared to its average volume of 508,329. Arrow Electronics, Inc. has a one year low of $103.40 and a one year high of $137.80. The business has a fifty day moving average price of $112.14 and a 200-day moving average price of $120.93. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48.

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 net margin of 1.40% and a return on equity of 9.69%. Analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

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.