Quantinno Capital Management LP Lowers Position in Arrow Electronics, Inc. (NYSE:ARW)

Quantinno Capital Management LP cut its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,932 shares of the technology company's stock after selling 5,184 shares during the quarter. Quantinno Capital Management LP's holdings in Arrow Electronics were worth $2,933,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ARW. Park Avenue Securities LLC lifted its stake in Arrow Electronics by 33.7% in the fourth quarter. Park Avenue Securities LLC now owns 3,601 shares of the technology company's stock worth $407,000 after acquiring an additional 908 shares during the period. Gateway Investment Advisers LLC lifted its stake in Arrow Electronics by 24.6% in the fourth quarter. Gateway Investment Advisers LLC now owns 3,021 shares of the technology company's stock worth $342,000 after acquiring an additional 596 shares during the period. HB Wealth Management LLC purchased a new stake in Arrow Electronics in the fourth quarter worth about $205,000. Greenhaven Associates Inc. lifted its stake in Arrow Electronics by 1.1% in the fourth quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company's stock worth $215,477,000 after acquiring an additional 20,484 shares during the period. Finally, Inspire Investing LLC lifted its stake in Arrow Electronics by 13.1% in the fourth quarter. Inspire Investing LLC now owns 3,933 shares of the technology company's stock worth $445,000 after acquiring an additional 455 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on ARW shares. Wells Fargo & Company decreased their price target on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a research report on Friday, February 7th. Bank of America lowered shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Arrow Electronics presently has an average rating of "Hold" and a consensus target price of $121.25.

Arrow Electronics Stock Performance

ARW stock opened at $120.94 on Tuesday. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 0.52 and a beta of 1.10. The firm has a 50-day simple moving average of $107.24 and a two-hundred day simple moving average of $112.02. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.47 by $0.33. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the firm posted $2.41 EPS. On average, equities analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Insider Activity at Arrow Electronics

In related news, CAO Yun Sung Cho sold 353 shares of the 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 transaction, the chief accounting officer now directly owns 1,549 shares of the company's stock, valued at $173,658.39. This trade represents a 18.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William F. Austen acquired 1,900 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $104.12 per share, with a total value of $197,828.00. Following the completion of the transaction, the director now directly owns 7,858 shares in the company, valued at $818,174.96. The trade was a 31.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 6,763 shares of company stock valued at $824,095 in the last three months. 1.00% of the stock is owned by 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.

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