LSV Asset Management Sells 31,744 Shares of Arrow Electronics, Inc. (NYSE:ARW)

LSV Asset Management decreased its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,542,460 shares of the technology company's stock after selling 31,744 shares during the quarter. LSV Asset Management owned about 4.69% of Arrow Electronics worth $310,816,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Arrow Electronics by 5.0% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 31,288 shares of the technology company's stock worth $3,919,000 after purchasing an additional 1,500 shares in the last quarter. Tectonic Advisors LLC bought a new position in shares of Arrow Electronics in the 3rd quarter worth $298,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Arrow Electronics by 5.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 2,302 shares of the technology company's stock worth $288,000 after purchasing an additional 127 shares in the last quarter. Legacy Financial Group LLC bought a new position in shares of Arrow Electronics in the 3rd quarter worth $25,000. Finally, Two Point Capital Management Inc. lifted its holdings in shares of Arrow Electronics by 11.4% in the 3rd quarter. Two Point Capital Management Inc. now owns 19,662 shares of the technology company's stock worth $2,462,000 after purchasing an additional 2,015 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Arrow Electronics Stock Up 1.8 %

NYSE:ARW traded up $2.18 during trading hours on Friday, hitting $124.89. 542,271 shares of the company traded hands, compared to its average volume of 443,307. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The firm's 50-day simple moving average is $123.70 and its 200-day simple moving average is $119.61. Arrow Electronics, Inc. has a one year low of $108.51 and a one year high of $147.42. The company has a market cap of $6.74 billion, a PE ratio of 9.82 and a beta of 1.39.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The technology company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.04. Arrow Electronics had a return on equity of 14.61% and a net margin of 2.28%. The business had revenue of $6.92 billion for the quarter, compared to analysts' expectations of $7.08 billion. During the same period last year, the business earned $4.60 EPS. The business's revenue was down 20.7% on a year-over-year basis. Equities analysts predict that Arrow Electronics, Inc. will post 11.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Truist Financial cut their target price on 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 other news, CAO Yun Sung Cho sold 739 shares of Arrow Electronics 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 sale, the chief accounting officer now directly owns 1,389 shares in the company, valued at approximately $162,818.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Richard John Marano sold 1,900 shares of Arrow Electronics stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $116.46, for a total value of $221,274.00. Following the completion of the sale, the insider now owns 12,108 shares of the company's stock, valued at approximately $1,410,097.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Yun Sung Cho sold 739 shares of Arrow Electronics stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $117.22, for a total value of $86,625.58. Following the transaction, the chief accounting officer now directly 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 three months, insiders have sold 4,134 shares of company stock worth $488,795. Corporate insiders own 1.00% of the company's stock.

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.