Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by Capital Fund Management S.A.

Capital Fund Management S.A. cut its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 43.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,687 shares of the technology company’s stock after selling 8,969 shares during the period. Capital Fund Management S.A.’s holdings in Arrow Electronics were worth $1,322,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ARW. Meixler Investment Management Ltd. lifted its stake in Arrow Electronics by 2.6% in the 4th quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company’s stock valued at $387,000 after buying an additional 88 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Arrow Electronics by 1.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company’s stock worth $539,000 after purchasing an additional 89 shares during the last quarter. Ironwood Investment Management LLC grew its holdings in shares of Arrow Electronics by 0.4% during the fourth quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company’s stock worth $2,550,000 after buying an additional 100 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Arrow Electronics by 24.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company’s stock valued at $64,000 after buying an additional 112 shares during the last quarter. Finally, Principal Securities Inc. boosted its position 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 acquiring an additional 126 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director William F. Austen acquired 1,900 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $104.12 per share, with a total value of $197,828.00. Following the transaction, the director now owns 7,858 shares of the company’s stock, valued at approximately $818,174.96. This trade represents a 31.89 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Yun Sung Cho sold 353 shares of Arrow Electronics stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $112.11, for a total transaction of $39,574.83. Following the completion of the sale, the chief accounting officer now owns 1,549 shares of the company’s stock, valued at $173,658.39. This trade represents a 18.56 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ARW. Wells Fargo & Company decreased their target price on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock 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 report on Friday, February 7th. Two 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, Arrow Electronics presently has a consensus rating of “Hold” and a consensus price target of $121.25.

Arrow Electronics Stock Up 0.5 %

Shares of NYSE ARW opened at $100.53 on Wednesday. The company has a market capitalization of $5.21 billion, a P/E ratio of 13.81, a P/E/G ratio of 0.52 and a beta of 1.18. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. The company has a 50 day simple moving average of $104.78 and a 200-day simple moving average of $115.33. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80.

Arrow Electronics (NYSE:ARW) last posted its earnings results 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 predict that Arrow Electronics, Inc. will post 10.57 earnings per share 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.