Russell Investments Group Ltd. Decreases Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Russell Investments Group Ltd. cut its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,020 shares of the technology company's stock after selling 14,721 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of Arrow Electronics worth $5,545,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its holdings in Arrow Electronics by 2.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 151,752 shares of the technology company's stock worth $17,166,000 after buying an additional 4,044 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of Arrow Electronics in the 4th quarter valued at about $469,000. Riverwater Partners LLC increased its position in Arrow Electronics by 48.2% during the fourth quarter. Riverwater Partners LLC now owns 3,165 shares of the technology company's stock worth $358,000 after buying an additional 1,030 shares during the last quarter. May Hill Capital LLC bought a new stake in Arrow Electronics in the 4th quarter valued at $626,000. Finally, Headlands Technologies LLC lifted its stake in shares of Arrow Electronics by 110.3% during the 4th quarter. Headlands Technologies LLC now owns 1,455 shares of the technology company's stock worth $165,000 after buying an additional 763 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, CAO Yun Sung Cho sold 353 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $112.11, for a total value of $39,574.83. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William F. Austen bought 1,900 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the acquisition, the director now owns 7,858 shares in the company, valued at approximately $818,174.96. This 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.

Analyst Ratings Changes

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

Arrow Electronics Stock Performance

NYSE ARW traded up $1.72 during trading hours on Friday, reaching $102.21. 511,588 shares of the company were exchanged, compared to its average volume of 472,139. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $5.30 billion, a P/E ratio of 14.04, a P/E/G ratio of 0.52 and a beta of 1.18. The business's 50 day simple moving average is $104.54 and its 200-day simple moving average is $115.01. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share 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%. On average, equities research analysts expect 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.