Sei Investments Co. Increases Stake in Arrow Electronics, Inc. (NYSE:ARW)

Sei Investments Co. lifted its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 770,975 shares of the technology company's stock after buying an additional 45,593 shares during the period. Sei Investments Co. owned about 1.47% of Arrow Electronics worth $87,214,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ARW. BOK Financial Private Wealth Inc. bought a new stake in shares of Arrow Electronics during the 4th quarter valued at about $25,000. True Wealth Design LLC purchased a new stake in Arrow Electronics during the third quarter valued at approximately $31,000. Brooklyn Investment Group bought a new position in Arrow Electronics in the third quarter worth approximately $40,000. Principal Securities Inc. boosted its stake in shares of Arrow Electronics by 35.7% during the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock worth $54,000 after acquiring an additional 126 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in Arrow Electronics by 24.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company's stock worth $64,000 after purchasing an additional 112 shares during the period. Institutional investors own 99.34% of the company's stock.

Arrow Electronics Price Performance

ARW stock traded down $1.57 during trading on Thursday, hitting $105.37. 412,942 shares of the company's stock traded hands, compared to its average volume of 433,585. The business has a fifty day simple moving average of $110.21 and a 200 day simple moving average of $118.55. Arrow Electronics, Inc. has a 52 week low of $101.78 and a 52 week high of $137.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 0.52 and a beta of 1.26.

Remove Ads

Arrow Electronics (NYSE:ARW - Get Free Report) last released its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on ARW. Bank of America cut shares of 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 shares of 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 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $121.25.

Insider Buying and Selling at Arrow Electronics

In other news, Director William F. Austen purchased 1,900 shares of the business'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 completion of the acquisition, the director now owns 7,858 shares of the company's stock, valued at $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Yun Sung Cho sold 237 shares of the company's stock in a transaction dated 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 owns 2,086 shares in the company, valued at approximately $226,810.78. This trade represents a 10.20 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate 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.