Arrow Electronics, Inc. (NYSE:ARW) Stock Holdings Lowered by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. lowered its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 92.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,237 shares of the technology company's stock after selling 14,803 shares during the period. Desjardins Global Asset Management Inc.'s holdings in Arrow Electronics were worth $151,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ARW. Panagora Asset Management Inc. grew its holdings in Arrow Electronics by 12.3% during the 1st quarter. Panagora Asset Management Inc. now owns 3,478 shares of the technology company's stock worth $413,000 after acquiring an additional 380 shares in the last quarter. Blair William & Co. IL acquired a new position in Arrow Electronics during the 1st quarter worth approximately $273,000. Prudential PLC acquired a new position in Arrow Electronics during the 1st quarter worth approximately $302,000. Cetera Investment Advisers acquired a new position in Arrow Electronics during the 1st quarter worth approximately $275,000. Finally, Brown Brothers Harriman & Co. acquired a new position in Arrow Electronics during the 1st quarter worth approximately $52,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Arrow Electronics Stock Down 0.2 %

Shares of NYSE:ARW traded down $0.28 during trading on Friday, hitting $121.76. 305,846 shares of the company were exchanged, compared to its average volume of 542,087. The stock has a market capitalization of $6.57 billion, a P/E ratio of 7.71 and a beta of 1.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.39 and a quick ratio of 1.00. Arrow Electronics, Inc. has a 12-month low of $108.51 and a 12-month high of $147.42. The firm's 50 day moving average price is $121.27 and its 200-day moving average price is $119.07.

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

Insider Transactions at Arrow Electronics

In related news, CAO Yun Sung Cho sold 739 shares of the company's stock in a transaction 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 sale, the chief accounting officer now owns 1,389 shares in the company, valued at approximately $162,818.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Arrow Electronics news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the company's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $121.00, for a total transaction of $180,895.00. Following the completion of the transaction, the senior vice president now owns 15,271 shares in the company, valued at approximately $1,847,791. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Yun Sung Cho sold 739 shares of the company's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $117.22, for a total transaction of $86,625.58. Following the transaction, the chief accounting officer now owns 1,389 shares of the company's stock, valued at approximately $162,818.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,134 shares of company stock worth $488,795. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Truist Financial reduced their price objective on shares of Arrow Electronics from $128.00 to $124.00 and set a "hold" rating for the company in a research report on Friday, February 9th.

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.