Atlas Capital Advisors Inc. Cuts Position in Arrow Electronics, Inc. (NYSE:ARW)

Atlas Capital Advisors Inc. lowered its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 38.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,537 shares of the technology company’s stock after selling 944 shares during the period. Atlas Capital Advisors Inc.’s holdings in Arrow Electronics were worth $174,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. May Hill Capital LLC purchased a new stake in shares of Arrow Electronics during the 4th quarter worth approximately $626,000. Headlands Technologies LLC boosted its position in Arrow Electronics by 110.3% during the fourth quarter. Headlands Technologies LLC now owns 1,455 shares of the technology company’s stock worth $165,000 after purchasing an additional 763 shares in the last quarter. Franklin Resources Inc. grew its holdings in Arrow Electronics by 4.5% in the fourth quarter. Franklin Resources Inc. now owns 43,142 shares of the technology company’s stock valued at $4,880,000 after purchasing an additional 1,877 shares during the last quarter. AIA Group Ltd purchased a new position in shares of Arrow Electronics in the fourth quarter valued at $376,000. Finally, Wellington Management Group LLP raised its stake in shares of Arrow Electronics by 4.3% during the 4th quarter. Wellington Management Group LLP now owns 4,100 shares of the technology company’s stock worth $464,000 after buying an additional 168 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Yun Sung Cho sold 237 shares of the company’s stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 2,086 shares in the company, valued at approximately $226,810.78. This represents a 10.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William F. Austen purchased 1,900 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the purchase, the director now owns 7,858 shares in the company, valued at $818,174.96. The trade was a 31.89 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.

Arrow Electronics Trading Down 4.1 %

Shares of ARW stock opened at $92.21 on Friday. Arrow Electronics, Inc. has a twelve month low of $89.45 and a twelve month high of $137.80. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 0.52 and a beta of 1.18. The firm has a 50-day moving average price of $108.08 and a 200 day moving average price of $117.45. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48.

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

Wall Street Analyst Weigh In

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

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.