The Manufacturers Life Insurance Company Has $4.87 Million Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

The Manufacturers Life Insurance Company trimmed its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,076 shares of the technology company's stock after selling 3,089 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Arrow Electronics worth $4,873,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. BOK Financial Private Wealth Inc. acquired a new stake in Arrow Electronics during the 4th quarter worth approximately $25,000. Brown Brothers Harriman & Co. acquired a new position in shares of Arrow Electronics during the 4th quarter worth $31,000. New Age Alpha Advisors LLC purchased a new stake in Arrow Electronics in the 4th quarter valued at approximately $47,000. Principal Securities Inc. raised its stake in Arrow Electronics by 35.7% in the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock valued at $54,000 after purchasing an additional 126 shares during the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in shares of Arrow Electronics during the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Analyst Ratings Changes

ARW has been the subject of several recent research reports. Bank of America downgraded Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Wells Fargo & Company cut 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 note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Arrow Electronics has an average rating of "Hold" and an average target price of $121.25.

Arrow Electronics Price Performance

Shares of NYSE ARW traded up $3.95 during mid-day trading on Monday, reaching $121.88. The company had a trading volume of 658,927 shares, compared to its average volume of 488,578. 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 cap of $6.32 billion, a PE ratio of 16.74, a P/E/G ratio of 0.52 and a beta of 1.10. Arrow Electronics, Inc. has a 1-year low of $86.50 and a 1-year high of $137.80. The company has a 50-day moving average price of $105.40 and a two-hundred day moving average price of $112.36.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.33. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.32 billion. During the same period last year, the business posted $2.41 EPS. Arrow Electronics's revenue was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Insider Buying and Selling at Arrow Electronics

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

About Arrow Electronics

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.