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

Corient Private Wealth LLC reduced its position in Arrow Electronics, Inc. (NYSE:ARW) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,848 shares of the technology company’s stock after selling 2,113 shares during the quarter. Corient Private Wealth LLC owned approximately 0.08% of Arrow Electronics worth $4,847,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. increased its holdings in Arrow Electronics by 4.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,101 shares of the technology company’s stock valued at $577,000 after buying an additional 234 shares during the last quarter. Ironwood Investment Management LLC boosted its stake in Arrow Electronics by 0.4% in the fourth quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company’s stock valued at $2,550,000 after acquiring an additional 100 shares during the period. Commonwealth Equity Services LLC boosted its stake in Arrow Electronics by 2.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,286 shares of the technology company’s stock valued at $824,000 after acquiring an additional 190 shares during the period. Vestcor Inc boosted its stake in Arrow Electronics by 30.7% in the fourth quarter. Vestcor Inc now owns 4,863 shares of the technology company’s stock valued at $550,000 after acquiring an additional 1,143 shares during the period. Finally, HighTower Advisors LLC boosted its stake in Arrow Electronics by 2.6% in the fourth quarter. HighTower Advisors LLC now owns 18,975 shares of the technology company’s stock valued at $2,146,000 after acquiring an additional 474 shares during the period. 99.34% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director William F. Austen bought 1,900 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased 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 in the company, valued at approximately $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Yun Sung Cho sold 237 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $108.73, for a total value of $25,769.01. Following the sale, the chief accounting officer now directly owns 2,086 shares in the company, valued at approximately $226,810.78. The trade was a 10.20 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on ARW. Wells Fargo & Company decreased 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. Bank of America downgraded Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $121.25.

Arrow Electronics Stock Performance

Shares of NYSE ARW opened at $104.24 on Friday. 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 50 day simple moving average of $110.71 and a 200-day simple moving average of $119.14. The company has a market cap of $5.44 billion, a PE ratio of 14.32, a P/E/G ratio of 0.52 and a beta of 1.26. Arrow Electronics, Inc. has a 12-month low of $101.78 and a 12-month high of $137.80.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. On average, equities research analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Arrow Electronics Company 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.