Dimensional Fund Advisors LP Has $295.67 Million Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Dimensional Fund Advisors LP reduced its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,418,564 shares of the technology company's stock after selling 10,800 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.47% of Arrow Electronics worth $295,674,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARW. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Arrow Electronics by 5.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 2,302 shares of the technology company's stock valued at $288,000 after purchasing an additional 127 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Arrow Electronics by 51.7% during the third quarter. Mackenzie Financial Corp now owns 14,330 shares of the technology company's stock valued at $1,759,000 after purchasing an additional 4,886 shares during the last quarter. Advisor Partners II LLC grew its holdings in shares of Arrow Electronics by 13.9% during the third quarter. Advisor Partners II LLC now owns 4,618 shares of the technology company's stock valued at $578,000 after purchasing an additional 565 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of Arrow Electronics during the third quarter valued at approximately $479,000. Finally, TIAA Trust National Association bought a new position in shares of Arrow Electronics during the third quarter valued at approximately $278,000. 99.34% of the stock is owned by institutional investors.

Insider Transactions at Arrow Electronics

In other Arrow Electronics news, CAO Yun Sung Cho sold 739 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was 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 directly owns 1,389 shares in the company, valued at $162,818.58. The transaction 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 company's stock in a transaction that occurred on Friday, February 23rd. The stock was 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 directly owns 1,389 shares in the company, valued at $162,818.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total value of $180,895.00. Following the completion of the sale, the senior vice president now owns 15,271 shares of the company's stock, valued at $1,847,791. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,134 shares of company stock worth $488,795. Company insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

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

Arrow Electronics Stock Performance

Shares of NYSE ARW traded up $2.20 during midday trading on Monday, hitting $128.64. 375,976 shares of the company's stock were exchanged, compared to its average volume of 533,924. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.07. The stock's 50 day moving average price is $124.64 and its 200-day moving average price is $120.13. The firm has a market cap of $6.85 billion, a P/E ratio of 9.94 and a beta of 1.39. Arrow Electronics, Inc. has a twelve month low of $108.51 and a twelve month high of $147.42.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The technology company reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.04. The business had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.08 billion. Arrow Electronics had a return on equity of 14.61% and a net margin of 2.28%. The business's revenue was down 20.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.60 earnings per share. Equities research analysts anticipate that Arrow Electronics, Inc. will post 11.06 EPS for the current 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.