Sei Investments Co. Acquires 45,593 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Sei Investments Co. grew its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 770,975 shares of the technology company's stock after purchasing an additional 45,593 shares during the quarter. Sei Investments Co. owned approximately 1.47% of Arrow Electronics worth $87,214,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Franklin Resources Inc. grew its position in Arrow Electronics by 1,072.6% during the third quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company's stock valued at $5,564,000 after acquiring an additional 37,746 shares during the last quarter. Cerity Partners LLC raised its position in Arrow Electronics by 140.4% in the 3rd quarter. Cerity Partners LLC now owns 12,034 shares of the technology company's stock worth $1,598,000 after purchasing an additional 7,028 shares during the period. Lind Value II ApS raised its position in Arrow Electronics by 36.3% in the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company's stock worth $73,374,000 after purchasing an additional 172,669 shares during the period. JPMorgan Chase & Co. raised its position in Arrow Electronics by 115.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company's stock worth $41,948,000 after purchasing an additional 168,904 shares during the period. Finally, Janus Henderson Group PLC boosted its position in Arrow Electronics by 14.2% during the third quarter. Janus Henderson Group PLC now owns 243,750 shares of the technology company's stock valued at $32,377,000 after buying an additional 30,380 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Arrow Electronics

In related news, CAO Yun Sung Cho sold 353 shares of the business'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 sale, the chief accounting officer now owns 1,549 shares of the company's stock, valued at $173,658.39. The trade was a 18.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William F. Austen bought 1,900 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $104.12 per share, with a total value of $197,828.00. Following the purchase, the director now directly owns 7,858 shares of the company's stock, valued at approximately $818,174.96. This represents a 31.89 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company's stock.

Arrow Electronics Trading Down 1.1 %

Shares of NYSE ARW traded down $1.20 during trading hours on Tuesday, hitting $107.15. The company's stock had a trading volume of 194,579 shares, compared to its average volume of 436,209. The business has a 50-day simple moving average of $110.66 and a 200-day simple moving average of $118.86. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 0.52 and a beta of 1.26. 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 12 month low of $101.78 and a 12 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 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, analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Bank of America downgraded Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Wells Fargo & Company decreased their price target on 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 equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Arrow Electronics currently has an average rating of "Hold" and an average price target of $121.25.

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.