Sterling Capital Management LLC Sells 47,896 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Sterling Capital Management LLC lowered its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 45.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,350 shares of the technology company's stock after selling 47,896 shares during the quarter. Sterling Capital Management LLC owned about 0.11% of Arrow Electronics worth $6,374,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bessemer Group Inc. boosted its holdings in shares of Arrow Electronics by 1.0% in the fourth quarter. Bessemer Group Inc. now owns 23,606 shares of the technology company's stock valued at $2,670,000 after acquiring an additional 232 shares in the last quarter. CenterBook Partners LP boosted its stake in Arrow Electronics by 275.2% during the 4th quarter. CenterBook Partners LP now owns 31,119 shares of the technology company's stock valued at $3,520,000 after purchasing an additional 22,825 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Arrow Electronics in the 4th quarter worth $5,137,000. Bank of Nova Scotia lifted its holdings in shares of Arrow Electronics by 11.6% in the fourth quarter. Bank of Nova Scotia now owns 3,019 shares of the technology company's stock valued at $342,000 after buying an additional 315 shares during the period. Finally, FMR LLC grew its holdings in Arrow Electronics by 208.8% during the fourth quarter. FMR LLC now owns 1,343,090 shares of the technology company's stock worth $151,930,000 after acquiring an additional 908,185 shares during the period. Institutional investors own 99.34% of the company's stock.

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Wall Street Analysts Forecast Growth

ARW has been the subject of several research reports. Bank of America lowered shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th. Wells Fargo & Company dropped their price target on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $121.25.

Arrow Electronics Stock Up 0.1 %

Shares of NYSE ARW traded up $0.08 during mid-day trading on Wednesday, reaching $100.68. The company had a trading volume of 657,969 shares, compared to its average volume of 470,798. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80. The stock's 50 day moving average is $104.78 and its 200-day moving average is $115.33. 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 $5.22 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18.

Arrow Electronics (NYSE:ARW - Get Free Report) last released 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%. As a group, equities analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, CAO Yun Sung Cho sold 237 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $108.73, for a total value of $25,769.01. Following the completion of the sale, the chief accounting officer now directly owns 2,086 shares of the company's stock, valued at $226,810.78. This represents a 10.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William F. Austen purchased 1,900 shares of the stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company's stock.

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.