Man Group plc Sells 40,126 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Man Group plc lowered its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 63.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,086 shares of the technology company's stock after selling 40,126 shares during the period. Man Group plc's holdings in Arrow Electronics were worth $2,611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BOK Financial Private Wealth Inc. acquired a new position in shares of Arrow Electronics during the fourth quarter worth about $25,000. Brown Brothers Harriman & Co. acquired a new position in Arrow Electronics in the fourth quarter valued at $31,000. New Age Alpha Advisors LLC acquired a new stake in shares of Arrow Electronics in the fourth quarter worth $47,000. Principal Securities Inc. lifted its position in 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 acquiring an additional 126 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Arrow Electronics during the fourth quarter valued at about $55,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, Director William F. Austen purchased 1,900 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the acquisition, the director now owns 7,858 shares of the company's stock, valued at $818,174.96. This trade represents a 31.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Eric Nowak sold 4,952 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $122.39, for a total transaction of $606,075.28. Following the transaction, the insider now directly owns 43,895 shares in the company, valued at $5,372,309.05. The trade was a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Arrow Electronics Trading Down 0.3%

NYSE ARW traded down $0.41 on Wednesday, hitting $119.50. 19,772 shares of the stock were exchanged, compared to its average volume of 490,664. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week high of $137.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 0.52 and a beta of 1.10. The company's 50-day moving average price is $108.80 and its two-hundred day moving average price is $112.00.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share (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 business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.32 billion. During the same period in the prior year, the firm earned $2.41 earnings per share. The firm's revenue was down 1.6% compared to the same quarter last year. Research analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ARW. Wells Fargo & Company decreased their price objective on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, February 7th. Bank of America downgraded Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.