Dynamic Advisor Solutions LLC Decreases Position in Arrow Electronics, Inc. (NYSE:ARW)

Dynamic Advisor Solutions LLC cut its stake in shares of Arrow Electronics, Inc. (NYSE:ARWFree Report) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,978 shares of the technology company’s stock after selling 107 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Arrow Electronics were worth $231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Legacy Financial Group LLC purchased a new stake in shares of Arrow Electronics in the third quarter worth approximately $25,000. IFP Advisors Inc raised its holdings in shares of Arrow Electronics by 33.0% in the third quarter. IFP Advisors Inc now owns 403 shares of the technology company’s stock worth $50,000 after buying an additional 100 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in shares of Arrow Electronics in the first quarter worth approximately $52,000. Gladius Capital Management LP raised its holdings in shares of Arrow Electronics by 27.1% in the third quarter. Gladius Capital Management LP now owns 441 shares of the technology company’s stock worth $55,000 after buying an additional 94 shares during the period. Finally, UniSuper Management Pty Ltd purchased a new stake in shares of Arrow Electronics in the second quarter worth approximately $72,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Arrow Electronics Stock Up 2.7 %

Shares of NYSE:ARW opened at $125.51 on Tuesday. Arrow Electronics, Inc. has a 52-week low of $108.51 and a 52-week high of $147.42. The stock has a market cap of $6.75 billion, a P/E ratio of 7.95 and a beta of 1.40. The business’s 50 day moving average is $116.33 and its 200 day moving average is $119.00. The company has a quick ratio of 1.00, a current ratio of 1.39 and a debt-to-equity ratio of 0.37.

Arrow Electronics (NYSE:ARWGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $3.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.72 by $0.26. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.84 billion. Arrow Electronics had a return on equity of 17.22% and a net margin of 2.73%. Arrow Electronics’s revenue was down 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.69 earnings per share. Sell-side analysts predict that Arrow Electronics, Inc. will post 11.53 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on ARW. Truist Financial dropped their price objective on Arrow Electronics from $128.00 to $124.00 and set a “hold” rating on the stock in a research note on Friday, February 9th. StockNews.com cut Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Wednesday, December 13th.

Get Our Latest Research Report on Arrow Electronics

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, CAO Yun Sung Cho sold 739 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $117.22, for a total transaction of $86,625.58. Following the sale, the chief accounting officer now owns 1,389 shares of the company’s stock, valued at approximately $162,818.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Arrow Electronics news, CAO Yun Sung Cho sold 739 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $117.22, for a total transaction of $86,625.58. Following the sale, the chief accounting officer now owns 1,389 shares of the company’s stock, valued at approximately $162,818.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard John Marano sold 1,900 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $116.46, for a total value of $221,274.00. Following the completion of the sale, the insider now directly owns 12,108 shares of the company’s stock, valued at approximately $1,410,097.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,134 shares of company stock valued at $488,795. 1.10% of the stock is currently owned by corporate insiders.

Arrow Electronics Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Arrow Electronics (NYSE:ARW)

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