Arrow Electronics, Inc. (NYSE:ARW) Holdings Lowered by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 71.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,183 shares of the technology company's stock after selling 20,871 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Arrow Electronics were worth $1,010,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ARW. Legacy Financial Group LLC bought a new position in shares of Arrow Electronics in the third quarter worth about $25,000. IFP Advisors Inc grew its holdings in shares of Arrow Electronics by 33.0% in the third quarter. IFP Advisors Inc now owns 403 shares of the technology company's stock worth $50,000 after purchasing an additional 100 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Arrow Electronics in the first quarter worth about $52,000. Gladius Capital Management LP grew its holdings in shares of Arrow Electronics by 27.1% in the third quarter. Gladius Capital Management LP now owns 441 shares of the technology company's stock worth $55,000 after purchasing an additional 94 shares during the last quarter. Finally, UniSuper Management Pty Ltd bought a new position in shares of Arrow Electronics in the second quarter worth about $72,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial cut their price target on shares of Arrow Electronics from $128.00 to $124.00 and set a "hold" rating on the stock in a report on Friday, February 9th.

Insider Buying and Selling at Arrow Electronics

In related news, CAO Yun Sung Cho sold 739 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $117.22, for a total value of $86,625.58. Following the completion of the transaction, the chief accounting officer now directly owns 1,389 shares of the company's stock, valued at approximately $162,818.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Arrow Electronics news, CAO Yun Sung Cho sold 739 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $117.22, for a total transaction of $86,625.58. Following the completion of the transaction, the chief accounting officer now directly owns 1,389 shares of the company's stock, valued at approximately $162,818.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard John Marano sold 1,900 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $116.46, for a total transaction of $221,274.00. Following the transaction, the insider now directly owns 12,108 shares of the company's stock, valued at $1,410,097.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,134 shares of company stock valued at $488,795. 1.00% of the stock is currently owned by insiders.

Arrow Electronics Stock Down 2.7 %

Arrow Electronics stock traded down $3.48 during midday trading on Friday, hitting $124.25. 624,640 shares of the company's stock were exchanged, compared to its average volume of 462,226. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.39. Arrow Electronics, Inc. has a 12 month low of $108.51 and a 12 month high of $147.42. The firm has a 50-day moving average of $120.09 and a two-hundred day moving average of $119.11. The company has a market cap of $6.71 billion, a PE ratio of 7.87 and a beta of 1.41.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its earnings results on Thursday, February 8th. The technology company reported $3.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.72 by $0.26. The company had revenue of $7.85 billion for the quarter, compared to analysts' expectations of $7.84 billion. Arrow Electronics had a net margin of 2.73% and a return on equity of 17.22%. The firm's quarterly revenue was down 15.8% on a year-over-year basis. During the same period in the prior year, the business earned $5.69 EPS. As a group, analysts expect that Arrow Electronics, Inc. will post 11.53 earnings per share for the current fiscal year.

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.