Xponance Inc. Reduces Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Xponance Inc. lessened its stake in Arrow Electronics, Inc. (NYSE:ARW) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,464 shares of the technology company’s stock after selling 226 shares during the quarter. Xponance Inc.’s holdings in Arrow Electronics were worth $912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ARW. IFP Advisors Inc increased its holdings in Arrow Electronics by 33.0% in the 3rd quarter. IFP Advisors Inc now owns 403 shares of the technology company’s stock worth $50,000 after buying an additional 100 shares in the last quarter. HB Wealth Management LLC bought a new stake in Arrow Electronics in the 3rd quarter worth about $202,000. SG Americas Securities LLC increased its holdings in Arrow Electronics by 199.6% in the 3rd quarter. SG Americas Securities LLC now owns 10,100 shares of the technology company’s stock worth $1,265,000 after buying an additional 6,729 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in Arrow Electronics by 10.3% in the 3rd quarter. CreativeOne Wealth LLC now owns 2,030 shares of the technology company’s stock worth $254,000 after buying an additional 189 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in Arrow Electronics by 13.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 13,700 shares of the technology company’s stock worth $1,716,000 after buying an additional 1,600 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

Arrow Electronics Trading Up 0.2 %

Arrow Electronics stock opened at $127.81 on Friday. The business has a 50-day simple moving average of $122.08 and a two-hundred day simple moving average of $119.14. The company has a market cap of $6.90 billion, a P/E ratio of 8.09 and a beta of 1.41. Arrow Electronics, Inc. has a 52-week low of $108.51 and a 52-week high of $147.42. 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:ARW) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $3.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.72 by $0.26. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.84 billion. Arrow Electronics had a return on equity of 17.22% and a net margin of 2.73%. The business’s quarterly revenue was down 15.8% compared to the same quarter last year. During the same period in the previous year, the company posted $5.69 EPS. Analysts predict that Arrow Electronics, Inc. will post 11.53 EPS for the current year.

Insider Activity at Arrow Electronics

In related news, CAO Yun Sung Cho sold 739 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 1,389 shares in the company, valued at approximately $162,818.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Richard John Marano sold 1,900 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 12,108 shares of the company’s stock, valued at approximately $1,410,097.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Yun Sung Cho sold 739 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $117.22, for a total value of $86,625.58. Following the completion of the transaction, the chief accounting officer now directly owns 1,389 shares in the company, valued at $162,818.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,134 shares of company stock worth $488,795. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Truist Financial cut their price target on Arrow Electronics from $128.00 to $124.00 and set a “hold” rating for the company in a research note on Friday, February 9th.

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.