Captrust Financial Advisors Lowers Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Captrust Financial Advisors decreased its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 40.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,276 shares of the technology company's stock after selling 2,227 shares during the quarter. Captrust Financial Advisors' holdings in Arrow Electronics were worth $371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Meixler Investment Management Ltd. boosted its stake in shares of Arrow Electronics by 2.6% in the fourth quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company's stock valued at $387,000 after purchasing an additional 88 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Arrow Electronics by 1.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company's stock worth $539,000 after buying an additional 89 shares during the last quarter. Ironwood Investment Management LLC lifted its position in shares of Arrow Electronics by 0.4% during the 4th quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company's stock worth $2,550,000 after buying an additional 100 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Arrow Electronics by 24.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company's stock worth $64,000 after buying an additional 112 shares during the last quarter. Finally, Principal Securities Inc. lifted its position in shares of Arrow Electronics by 35.7% during the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock worth $54,000 after buying an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Insider Transactions at Arrow Electronics

In related news, Director Gail Hamilton sold 1,458 shares of the business'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 $178,444.62. Following the sale, the director now directly owns 101 shares in the company, valued at $12,361.39. The trade was a 93.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eric Nowak sold 4,952 shares of the business's stock in a transaction dated Monday, May 12th. The stock was 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 owns 43,895 shares in the company, valued at $5,372,309.05. This represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,763 shares of company stock valued at $824,095 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

Arrow Electronics Stock Performance

Shares of ARW opened at $120.94 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46. The stock has a market capitalization of $6.27 billion, a P/E ratio of 16.61, a P/E/G ratio of 0.52 and a beta of 1.10. The company's fifty day moving average is $107.24 and its two-hundred day moving average is $112.02. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ARW. Bank of America downgraded shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th. Wells Fargo & Company cut 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. Two equities 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's stock. According to MarketBeat.com, Arrow Electronics currently has an average rating of "Hold" and a consensus price target of $121.25.

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.

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