Clark Estates Inc. NY Has $2.74 Million Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

Clark Estates Inc. NY lessened its stake in Arrow Electronics, Inc. (NYSE:ARW) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,260 shares of the technology company’s stock after selling 2,940 shares during the quarter. Clark Estates Inc. NY’s holdings in Arrow Electronics were worth $2,744,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ARW. True Wealth Design LLC bought a new stake in shares of Arrow Electronics during the 3rd quarter worth approximately $31,000. Brooklyn Investment Group acquired a new position in Arrow Electronics during the third quarter valued at approximately $40,000. Principal Securities Inc. lifted its stake in Arrow Electronics by 35.7% during the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock worth $54,000 after purchasing an additional 126 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Arrow Electronics during the third quarter worth $73,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Arrow Electronics by 24.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company’s stock valued at $64,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Stock Performance

NYSE:ARW opened at $104.67 on Wednesday. The stock’s 50-day moving average is $112.82 and its 200-day moving average is $121.60. Arrow Electronics, Inc. has a 1-year low of $103.40 and a 1-year high of $137.80. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The stock has a market cap of $5.46 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. Equities research analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

ARW has been the subject of a number of research analyst reports. Bank of America cut Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Wells Fargo & Company lowered their target price on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Arrow Electronics currently has a consensus rating of “Hold” and an average price target of $121.25.

Insider Activity at Arrow Electronics

In other Arrow Electronics news, CAO Yun Sung Cho sold 353 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $112.11, for a total value of $39,574.83. Following the sale, the chief accounting officer now owns 1,549 shares in the company, valued at approximately $173,658.39. The trade was a 18.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by company insiders.

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.