Mutual Advisors LLC Reduces Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Mutual Advisors LLC lowered its position in shares of Arrow Electronics, Inc. (NYSE:ARWFree Report) by 10.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,192 shares of the technology company’s stock after selling 1,141 shares during the period. Mutual Advisors LLC’s holdings in Arrow Electronics were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Greenhaven Associates Inc. raised its position in Arrow Electronics by 3.9% in the fourth quarter. Greenhaven Associates Inc. now owns 1,826,528 shares of the technology company’s stock valued at $223,293,000 after purchasing an additional 69,400 shares during the period. Riverwater Partners LLC lifted its position in Arrow Electronics by 18.1% in the fourth quarter. Riverwater Partners LLC now owns 1,946 shares of the technology company’s stock valued at $238,000 after buying an additional 298 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Arrow Electronics by 79.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 20,443 shares of the technology company’s stock worth $2,560,000 after buying an additional 9,056 shares during the period. American Century Companies Inc. increased its position in shares of Arrow Electronics by 30.7% during the third quarter. American Century Companies Inc. now owns 20,316 shares of the technology company’s stock valued at $2,544,000 after acquiring an additional 4,772 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Arrow Electronics by 20.3% in the 3rd quarter. Deutsche Bank AG now owns 165,591 shares of the technology company’s stock valued at $20,739,000 after acquiring an additional 27,982 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arrow Electronics

In other news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total transaction of $180,895.00. Following the completion of the transaction, the senior vice president now directly owns 15,271 shares of the company’s stock, valued at approximately $1,847,791. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $121.00, for a total transaction of $180,895.00. Following the completion of the sale, the senior vice president now owns 15,271 shares in the company, valued at approximately $1,847,791. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard John Marano sold 1,900 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $116.46, for a total transaction of $221,274.00. Following the completion of the transaction, the insider now 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. Insiders have sold 4,134 shares of company stock valued at $488,795 over the last quarter. 1.10% of the stock is owned by insiders.

Arrow Electronics Stock Up 2.7 %

Shares of ARW opened at $125.51 on Tuesday. The company’s 50-day simple moving average is $116.33 and its 200-day simple moving average is $119.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.39. Arrow Electronics, Inc. has a 1 year low of $108.51 and a 1 year high of $147.42. The stock has a market capitalization of $6.75 billion, a PE ratio of 7.95 and a beta of 1.40.

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, beating the consensus estimate of $3.72 by $0.26. Arrow Electronics had a return on equity of 17.22% and a net margin of 2.73%. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.84 billion. During the same quarter last year, the business posted $5.69 EPS. The business’s quarterly revenue was down 15.8% compared to the same quarter last year. Analysts forecast that Arrow Electronics, Inc. will post 11.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ARW shares. Truist Financial dropped their target price on shares of Arrow Electronics from $128.00 to $124.00 and set a “hold” rating for the company in a report on Friday, February 9th. StockNews.com lowered Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th.

Read Our Latest Stock Analysis on ARW

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.

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

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