Natixis Advisors LLC Reduces Stake in Arrow Electronics, Inc. (NYSE:ARW)

Natixis Advisors LLC decreased its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 10.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 188,924 shares of the technology company’s stock after selling 23,051 shares during the period. Natixis Advisors LLC owned 0.36% of Arrow Electronics worth $21,371,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in shares of Arrow Electronics by 71.9% in the 3rd quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company’s stock valued at $278,220,000 after acquiring an additional 876,396 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Arrow Electronics by 1,072.6% in the 3rd quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company’s stock valued at $5,564,000 after acquiring an additional 37,746 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Arrow Electronics by 140.4% in the 3rd quarter. Cerity Partners LLC now owns 12,034 shares of the technology company’s stock valued at $1,598,000 after acquiring an additional 7,028 shares in the last quarter. Lind Value II ApS raised 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 acquiring an additional 172,669 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Arrow Electronics by 115.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company’s stock valued at $41,948,000 after acquiring an additional 168,904 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Arrow Electronics Price Performance

Shares of Arrow Electronics stock opened at $105.62 on Tuesday. 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 firm has a market capitalization of $5.51 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26. The business’s 50-day moving average price is $111.17 and its 200-day moving average price is $119.71. Arrow Electronics, Inc. has a 12 month low of $101.78 and a 12 month high of $137.80.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. Sell-side analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director William F. Austen purchased 1,900 shares of Arrow Electronics stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the transaction, the director now directly owns 7,858 shares in the company, valued at $818,174.96. The trade was a 31.89 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Yun Sung Cho sold 237 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $108.73, for a total value of $25,769.01. Following the transaction, the chief accounting officer now owns 2,086 shares in the company, valued at approximately $226,810.78. The trade was a 10.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ARW shares. Bank of America cut Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Wells Fargo & Company lowered their price target on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $121.25.

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.