Barclays PLC Reduces Position in Arrow Electronics, Inc. (NYSE:ARW)

Barclays PLC cut its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 36.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,434 shares of the technology company's stock after selling 67,407 shares during the quarter. Barclays PLC owned approximately 0.23% of Arrow Electronics worth $13,397,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Arrow Electronics by 208.8% during the 4th quarter. FMR LLC now owns 1,343,090 shares of the technology company's stock valued at $151,930,000 after buying an additional 908,185 shares in the last quarter. Boston Partners raised its holdings in Arrow Electronics by 14.8% during the 4th quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock valued at $280,138,000 after acquiring an additional 318,329 shares during the period. Lind Value II ApS lifted its position in shares of Arrow Electronics by 36.3% during the fourth quarter. Lind Value II ApS now owns 648,637 shares of the technology company's stock worth $73,374,000 after acquiring an additional 172,669 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Arrow Electronics by 115.0% in the third quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company's stock worth $41,948,000 after acquiring an additional 168,904 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new position in shares of Arrow Electronics in the fourth quarter valued at $14,435,000. Institutional investors own 99.34% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ARW. Wells Fargo & Company dropped their price objective on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a report on Friday, February 7th. Bank of America downgraded shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $121.25.

Insider Activity at Arrow Electronics

In other news, CAO Yun Sung Cho sold 353 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $112.11, for a total value of $39,574.83. Following the completion of the sale, the chief accounting officer now directly 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 can be accessed through this hyperlink. Also, Director William F. Austen bought 1,900 shares of Arrow Electronics stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the acquisition, 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. 1.00% of the stock is currently owned by insiders.

Arrow Electronics Price Performance

Shares of ARW stock traded down $1.37 on Friday, reaching $110.71. The company's stock had a trading volume of 96,230 shares, compared to its average volume of 583,630. The company has a market capitalization of $5.74 billion, a P/E ratio of 15.21, a PEG ratio of 0.52 and a beta of 1.18. Arrow Electronics, Inc. has a 12-month low of $86.50 and a 12-month high of $137.80. The stock's 50 day simple moving average is $104.31 and its 200-day simple moving average is $114.15. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings results 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, equities analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal 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.