Cerity Partners LLC Has $462,000 Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Cerity Partners LLC lessened its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 66.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,086 shares of the technology company's stock after selling 7,948 shares during the quarter. Cerity Partners LLC's holdings in Arrow Electronics were worth $462,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BOK Financial Private Wealth Inc. acquired a new stake in Arrow Electronics during the fourth quarter worth approximately $25,000. Brown Brothers Harriman & Co. acquired a new stake in Arrow Electronics during the 4th quarter worth approximately $31,000. New Age Alpha Advisors LLC bought a new stake in Arrow Electronics in the 4th quarter valued at $47,000. Principal Securities Inc. grew its holdings in Arrow Electronics by 35.7% in the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock valued at $54,000 after buying an additional 126 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new position in Arrow Electronics during the 4th quarter worth $55,000. Institutional investors own 99.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ARW. Bank of America downgraded shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Wells Fargo & Company dropped their price target on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company 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 assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $121.25.

Arrow Electronics Price Performance

Shares of Arrow Electronics stock traded down $0.25 on Friday, reaching $111.83. 718,445 shares of the stock were exchanged, compared to its average volume of 480,081. The firm's 50 day moving average is $104.32 and its 200-day moving average is $114.01. The firm has a market cap of $5.80 billion, a PE ratio of 15.36, 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 quick ratio of 1.08 and a current ratio of 1.46. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 earnings per share 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%. As a group, analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Yun Sung Cho sold 353 shares of the firm'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 transaction, the chief accounting officer now owns 1,549 shares of the company's stock, valued at approximately $173,658.39. This trade represents a 18.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William F. Austen acquired 1,900 shares of Arrow Electronics stock in a transaction that occurred 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 purchase, the director now owns 7,858 shares of the company's stock, valued at $818,174.96. The trade was a 31.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.00% of the company's stock.

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.