BNP Paribas Financial Markets Has $7.57 Million Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

BNP Paribas Financial Markets lowered its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 52.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,894 shares of the technology company's stock after selling 74,279 shares during the quarter. BNP Paribas Financial Markets owned 0.13% of Arrow Electronics worth $7,567,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new stake in Arrow Electronics in the fourth quarter valued at $25,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Arrow Electronics in the 4th quarter valued at about $31,000. New Age Alpha Advisors LLC bought a new position in shares of Arrow Electronics during the fourth quarter worth about $47,000. Principal Securities Inc. grew its stake in Arrow Electronics by 35.7% in the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock worth $54,000 after purchasing an additional 126 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in Arrow Electronics in the fourth quarter worth about $55,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Arrow Electronics Stock Performance

NYSE ARW traded up $1.29 during trading hours on Friday, reaching $121.88. The company's stock had a trading volume of 491,402 shares, compared to its average volume of 490,991. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The business has a 50-day simple moving average of $106.53 and a 200 day simple moving average of $112.32. Arrow Electronics, Inc. has a 52 week low of $86.50 and a 52 week high of $137.80. The stock has a market cap of $6.32 billion, a PE ratio of 16.74, a PEG ratio of 0.52 and a beta of 1.10.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.33. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.32 billion. During the same quarter last year, the business posted $2.41 EPS. The business's revenue was down 1.6% on a year-over-year basis. Equities research analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Insider Activity

In other Arrow Electronics news, insider Eric Nowak sold 4,952 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $122.39, for a total transaction of $606,075.28. Following the completion of the sale, the insider now directly owns 43,895 shares of the company's stock, valued at approximately $5,372,309.05. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Yun Sung Cho sold 353 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was 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. The trade was a 18.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,763 shares of company stock valued at $824,095. Company insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wells Fargo & Company reduced their target price 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 cut Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Arrow Electronics has an average rating of "Hold" and an average target price 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.