Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by RBF Capital LLC

RBF Capital LLC cut its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 34.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,000 shares of the technology company's stock after selling 17,500 shares during the period. RBF Capital LLC owned about 0.06% of Arrow Electronics worth $3,733,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its stake in Arrow Electronics by 208.8% in the fourth quarter. FMR LLC now owns 1,343,090 shares of the technology company's stock worth $151,930,000 after buying an additional 908,185 shares in the last quarter. Fiduciary Management Inc. WI raised its position in Arrow Electronics by 44.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock worth $175,214,000 after buying an additional 473,909 shares during the last quarter. Boston Partners lifted its position in Arrow Electronics by 14.8% during the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock valued at $280,138,000 after purchasing an additional 318,329 shares during the period. Lind Value II ApS lifted its holdings in shares of Arrow Electronics by 36.3% in the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company's stock valued at $73,374,000 after buying an additional 172,669 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Arrow Electronics by 115.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company's stock worth $41,948,000 after purchasing an additional 168,904 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ARW shares. Bank of America lowered Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Wells Fargo & Company lowered their price target on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Arrow Electronics currently has a consensus rating of "Hold" and an average target price of $121.25.

Insider Activity at Arrow Electronics

In other Arrow Electronics news, Director William F. Austen purchased 1,900 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $104.12 per share, with a total value of $197,828.00. Following the transaction, the director now directly owns 7,858 shares of the company's stock, valued at approximately $818,174.96. This represents a 31.89 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Yun Sung Cho sold 353 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $112.11, for a total value of $39,574.83. Following the transaction, the chief accounting officer now directly owns 1,549 shares of the company's stock, valued at $173,658.39. The trade was a 18.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Arrow Electronics Trading Up 0.3 %

ARW stock traded up $0.32 during midday trading on Monday, hitting $112.04. 199,797 shares of the company's stock were exchanged, compared to its average volume of 479,252. Arrow Electronics, Inc. has a 1-year low of $86.50 and a 1-year high of $137.80. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $5.81 billion, a PE ratio of 15.35, a P/E/G ratio of 0.52 and a beta of 1.18. The business has a 50-day simple moving average of $104.32 and a two-hundred day simple moving average of $113.74.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. On average, sell-side analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

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.