Arrow Electronics, Inc. (NYSE:ARW) Stock Position Decreased by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 3.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 116,934 shares of the technology company's stock after selling 4,740 shares during the period. Nuveen Asset Management LLC owned 0.22% of Arrow Electronics worth $13,228,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ARW. Polaris Capital Management LLC lifted its holdings in shares of Arrow Electronics by 1.1% during the 4th quarter. Polaris Capital Management LLC now owns 261,203 shares of the technology company's stock valued at $29,547,000 after acquiring an additional 2,800 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Arrow Electronics by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 498,907 shares of the technology company's stock valued at $56,436,000 after acquiring an additional 14,971 shares in the last quarter. Choreo LLC acquired a new position in shares of Arrow Electronics during the 4th quarter valued at $422,000. Victory Capital Management Inc. lifted its holdings in shares of Arrow Electronics by 0.9% during the 4th quarter. Victory Capital Management Inc. now owns 20,669 shares of the technology company's stock valued at $2,338,000 after acquiring an additional 192 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Arrow Electronics by 4.3% during the 4th quarter. Wellington Management Group LLP now owns 4,100 shares of the technology company's stock valued at $464,000 after acquiring an additional 168 shares in the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ARW. Wells Fargo & Company reduced their target price on shares of 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 lowered shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th.

Arrow Electronics Stock Down 0.7%

ARW stock traded down $0.80 during trading on Friday, reaching $118.47. The stock had a trading volume of 539,357 shares, compared to its average volume of 493,380. Arrow Electronics, Inc. has a 1-year low of $86.50 and a 1-year high of $137.80. 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 company has a market capitalization of $6.15 billion, a P/E ratio of 16.27, a PEG ratio of 0.52 and a beta of 1.10. The firm has a fifty day moving average price of $109.52 and a 200 day moving average price of $112.04.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.33. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.32 billion. During the same quarter in the previous year, the business posted $2.41 EPS. The firm's revenue was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Insiders Place Their Bets

In other 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 value of $606,075.28. Following the sale, the insider now owns 43,895 shares in the company, valued at approximately $5,372,309.05. This represents a 10.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gail Hamilton sold 1,458 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 $178,444.62. Following the completion of the sale, the director now owns 101 shares in the company, valued at approximately $12,361.39. This trade represents a 93.52% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company 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.