Schonfeld Strategic Advisors LLC Reduces Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Schonfeld Strategic Advisors LLC lowered its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 78.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,336 shares of the technology company's stock after selling 12,074 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Arrow Electronics were worth $377,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in shares of Arrow Electronics by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company's stock worth $331,493,000 after buying an additional 91,310 shares in the last quarter. Boston Partners increased its stake in Arrow Electronics by 14.8% in the 4th quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock worth $280,138,000 after acquiring an additional 318,329 shares during the last quarter. Greenhaven Associates Inc. increased its stake in Arrow Electronics by 1.1% in the 4th quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company's stock worth $215,477,000 after acquiring an additional 20,484 shares during the last quarter. Fiduciary Management Inc. WI raised its holdings in shares of 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 acquiring an additional 473,909 shares in the last quarter. Finally, Earnest Partners LLC boosted its position in shares of Arrow Electronics by 5.5% during the 4th quarter. Earnest Partners LLC now owns 1,486,157 shares of the technology company's stock valued at $168,114,000 after acquiring an additional 77,396 shares during the last quarter. Institutional investors own 99.34% of the company's stock.

Insiders Place Their Bets

In other news, Director William F. Austen bought 1,900 shares of Arrow Electronics stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the acquisition, the director now owns 7,858 shares of the company's stock, valued at $818,174.96. This trade represents a 31.89% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Eric Nowak sold 4,952 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $122.39, for a total transaction of $606,075.28. Following the completion of the sale, the insider now owns 43,895 shares in the company, valued at $5,372,309.05. This represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,000 shares of company stock worth $849,864 in the last ninety days. 1.00% of the stock is owned by company insiders.

Arrow Electronics Trading Down 0.5%

Shares of NYSE:ARW traded down $0.58 during trading hours on Wednesday, hitting $120.64. 537,586 shares of the company's stock traded hands, compared to its average volume of 489,755. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. The business has a fifty day moving average price of $106.04 and a 200-day moving average price of $112.35. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80. The firm has a market capitalization of $6.26 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 0.52 and a beta of 1.10.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.47 by $0.33. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.32 billion. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. Arrow Electronics's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.41 EPS. Equities analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ARW. Wells Fargo & Company decreased their target price 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. Bank of America downgraded Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Arrow Electronics presently has an average rating of "Hold" and an average price target of $121.25.

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.