CANADA LIFE ASSURANCE Co Sells 173 Shares of Arrow Electronics, Inc. (NYSE:ARW)

CANADA LIFE ASSURANCE Co decreased its stake in Arrow Electronics, Inc. (NYSE:ARW) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,210 shares of the technology company’s stock after selling 173 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.08% of Arrow Electronics worth $4,661,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Jane Street Group LLC boosted its stake in shares of Arrow Electronics by 27.9% in the 3rd quarter. Jane Street Group LLC now owns 11,497 shares of the technology company’s stock valued at $1,527,000 after purchasing an additional 2,509 shares in the last quarter. Te Ahumairangi Investment Management Ltd boosted its position in Arrow Electronics by 4.6% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 31,847 shares of the technology company’s stock valued at $4,206,000 after buying an additional 1,400 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Arrow Electronics in the third quarter valued at about $621,000. Tidal Investments LLC grew its stake in Arrow Electronics by 3.5% during the third quarter. Tidal Investments LLC now owns 7,223 shares of the technology company’s stock worth $959,000 after buying an additional 245 shares during the last quarter. Finally, Synovus Financial Corp increased its holdings in shares of Arrow Electronics by 6.0% during the third quarter. Synovus Financial Corp now owns 3,155 shares of the technology company’s stock worth $419,000 after buying an additional 178 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ARW shares. Wells Fargo & Company decreased their price target on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a research report on Friday, February 7th. Bank of America cut Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Two research 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. According to data from MarketBeat, Arrow Electronics currently has an average rating of “Hold” and a consensus target price of $121.25.

Arrow Electronics Stock Up 3.9 %

NYSE:ARW opened at $112.03 on Friday. The stock’s fifty day moving average price is $104.31 and its two-hundred day moving average price is $114.15. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 0.52 and a beta of 1.18. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week high of $137.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results 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 return on equity of 9.69% and a net margin of 1.40%. On average, analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Insider Buying and Selling

In other Arrow Electronics news, CAO Yun Sung Cho sold 353 shares of the company’s stock in a transaction 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 in the company, valued at approximately $173,658.39. The trade was a 18.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William F. Austen purchased 1,900 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the purchase, the director now owns 7,858 shares in the company, valued at $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.

About Arrow Electronics

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.