Mather Group LLC. Sells 1,194 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Mather Group LLC. decreased its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 32.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,488 shares of the technology company’s stock after selling 1,194 shares during the period. Mather Group LLC.’s holdings in Arrow Electronics were worth $281,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ARW. Pacer Advisors Inc. grew its holdings in Arrow Electronics by 71.9% during the third 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 during the last quarter. Greenhaven Associates Inc. boosted its holdings in shares of Arrow Electronics by 1.1% during the 4th quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company’s stock worth $215,477,000 after buying an additional 20,484 shares during the period. State Street Corp grew its stake in Arrow Electronics by 0.3% in the 3rd quarter. State Street Corp now owns 1,689,695 shares of the technology company’s stock valued at $224,442,000 after buying an additional 4,811 shares during the last quarter. Lind Value II ApS raised its holdings 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 acquiring an additional 172,669 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Arrow Electronics by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 483,936 shares of the technology company’s stock worth $64,281,000 after acquiring an additional 10,340 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on ARW shares. Truist Financial dropped their price objective on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Wells Fargo & Company cut their price target on Arrow Electronics from $105.00 to $100.00 and set an “underweight” rating for the company in a report on Monday, January 13th. Finally, Raymond James lowered their price objective on shares of Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st.

Arrow Electronics Trading Down 4.5 %

Shares of ARW opened at $109.79 on Friday. The stock’s 50-day moving average price is $116.32 and its 200 day moving average price is $123.50. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 12.25 and a beta of 1.26. Arrow Electronics, Inc. has a 12-month low of $105.00 and a 12-month high of $137.80.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.17. Arrow Electronics had a return on equity of 10.71% and a net margin of 1.71%. As a group, research analysts predict that Arrow Electronics, Inc. will post 10.26 earnings per share for the current year.

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.