Securian Asset Management Inc. Reduces Position in Arrow Electronics, Inc. (NYSE:ARW)

Securian Asset Management Inc. reduced its stake in Arrow Electronics, Inc. (NYSE:ARW) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,975 shares of the technology company’s stock after selling 142 shares during the quarter. Securian Asset Management Inc.’s holdings in Arrow Electronics were worth $450,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Meixler Investment Management Ltd. grew its position in Arrow Electronics by 2.6% during the fourth quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company’s stock valued at $387,000 after acquiring an additional 88 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Arrow Electronics by 1.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company’s stock valued at $539,000 after purchasing an additional 89 shares in the last quarter. Summit Trail Advisors LLC grew its holdings in shares of Arrow Electronics by 2.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 3,925 shares of the technology company’s stock worth $521,000 after purchasing an additional 108 shares during the period. Parkside Financial Bank & Trust increased its position in Arrow Electronics by 24.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company’s stock worth $64,000 after purchasing an additional 112 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings in Arrow Electronics by 35.7% in the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock valued at $54,000 after buying an additional 126 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Arrow Electronics Trading Up 0.9 %

NYSE ARW opened at $105.62 on Tuesday. The stock has a market cap of $5.51 billion, a P/E ratio of 14.51, a PEG ratio of 0.52 and a beta of 1.26. The company’s fifty day simple moving average is $111.17 and its 200-day simple moving average is $119.71. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. Arrow Electronics, Inc. has a 52 week low of $101.78 and a 52 week high of $137.80.

Arrow Electronics (NYSE:ARW) last announced its earnings results 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%. Equities research analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Insider Activity

In other news, Director William F. Austen purchased 1,900 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $104.12 per share, with a total value of $197,828.00. Following the transaction, the director now owns 7,858 shares in the company, valued at approximately $818,174.96. The trade was a 31.89 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Yun Sung Cho sold 353 shares of Arrow Electronics 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 completion of the transaction, the chief accounting officer now directly owns 1,549 shares of the company’s stock, valued at approximately $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.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Bank of America downgraded Arrow Electronics from a “neutral” rating to an “underperform” rating in a 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $121.25.

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.