Arrow Electronics, Inc. (NYSE:ARW) Stock Holdings Lessened by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its stake in Arrow Electronics, Inc. (NYSE:ARW) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,848 shares of the technology company’s stock after selling 2,113 shares during the period. Corient Private Wealth LLC’s holdings in Arrow Electronics were worth $4,847,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of ARW. FMR LLC increased its holdings in shares of Arrow Electronics by 371.1% in the third quarter. FMR LLC now owns 434,905 shares of the technology company’s stock valued at $57,768,000 after buying an additional 342,590 shares in the last quarter. Lind Value II ApS increased its holdings in shares of Arrow Electronics by 36.3% in the fourth quarter. Lind Value II ApS now owns 648,637 shares of the technology company’s stock valued at $73,374,000 after buying an additional 172,669 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Arrow Electronics by 115.0% in the third quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company’s stock valued at $41,948,000 after buying an additional 168,904 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in Arrow Electronics by 220.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 149,510 shares of the technology company’s stock valued at $19,859,000 after purchasing an additional 102,854 shares during the period. Finally, Martingale Asset Management L P raised its stake in Arrow Electronics by 3,768.6% during the 3rd quarter. Martingale Asset Management L P now owns 83,290 shares of the technology company’s stock valued at $11,063,000 after purchasing an additional 81,137 shares during the period. Institutional investors own 99.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ARW. 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 note on Friday, February 7th. Bank of America downgraded shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Arrow Electronics currently has an average rating of “Hold” and a consensus price target of $121.25.

Insider Activity

In related news, CAO Yun Sung Cho sold 237 shares of the company’s 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 in the company, valued at approximately $226,810.78. This represents a 10.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William F. Austen acquired 1,900 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $104.12 per share, with a total value of $197,828.00. Following the completion of the acquisition, the director now directly owns 7,858 shares of the company’s stock, valued at $818,174.96. This represents a 31.89 % increase in their position. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by corporate insiders.

Arrow Electronics Trading Down 1.6 %

Arrow Electronics stock opened at $104.24 on Friday. The company’s fifty day simple moving average is $110.71 and its 200-day simple moving average is $119.14. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. Arrow Electronics, Inc. has a 12 month low of $101.78 and a 12 month high of $137.80. The stock has a market cap of $5.44 billion, a P/E ratio of 14.32, a P/E/G ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, beating 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, sell-side analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal 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.