University of Texas Texas AM Investment Management Co. Sells 20,455 Shares of Arrow Electronics, Inc. (NYSE:ARW)

University of Texas Texas AM Investment Management Co. decreased its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 42.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,325 shares of the technology company's stock after selling 20,455 shares during the period. University of Texas Texas AM Investment Management Co. owned approximately 0.05% of Arrow Electronics worth $3,091,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Polaris Capital Management LLC lifted its position in Arrow Electronics by 1.1% in the 4th quarter. Polaris Capital Management LLC now owns 261,203 shares of the technology company's stock worth $29,547,000 after buying an additional 2,800 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Arrow Electronics by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 498,907 shares of the technology company's stock worth $56,436,000 after acquiring an additional 14,971 shares in the last quarter. Choreo LLC purchased a new stake in shares of Arrow Electronics in the 4th quarter valued at $422,000. Victory Capital Management Inc. grew 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 purchasing an additional 192 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Arrow Electronics by 4.3% in the 4th quarter. Wellington Management Group LLP now owns 4,100 shares of the technology company's stock worth $464,000 after purchasing an additional 168 shares during the period. Hedge funds and other institutional investors own 99.34% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ARW. Wells Fargo & Company lowered their target price on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, February 7th. Bank of America downgraded shares of 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 issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Arrow Electronics has a consensus rating of "Hold" and a consensus target price of $121.25.

Arrow Electronics Trading Down 0.6%

ARW stock traded down $0.73 on Wednesday, reaching $119.18. The company's stock had a trading volume of 99,994 shares, compared to its average volume of 490,944. The firm has a market cap of $6.18 billion, a PE ratio of 16.37, a PEG ratio of 0.52 and a beta of 1.10. The business has a fifty day simple moving average of $108.80 and a two-hundred day simple moving average of $112.00. Arrow Electronics, Inc. has a 12-month low of $86.50 and a 12-month 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 posted its earnings results on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $6.32 billion. During the same period last year, the company posted $2.41 EPS. The company's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, research analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Insider Buying and Selling

In other news, Director Gail Hamilton sold 1,458 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $122.39, for a total value of $178,444.62. Following the transaction, the director now owns 101 shares in the company, valued at approximately $12,361.39. This represents a 93.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Eric Nowak sold 4,952 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $122.39, for a total transaction of $606,075.28. Following the sale, the insider now directly owns 43,895 shares of the company's stock, valued at $5,372,309.05. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

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.