Atlas Capital Advisors Inc. Decreases Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Atlas Capital Advisors Inc. lessened its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 38.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,537 shares of the technology company’s stock after selling 944 shares during the period. Atlas Capital Advisors Inc.’s holdings in Arrow Electronics were worth $174,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Meixler Investment Management Ltd. increased its position in shares of Arrow Electronics by 2.6% in the 4th quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company’s stock worth $387,000 after purchasing an additional 88 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Arrow Electronics by 1.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company’s stock valued at $539,000 after buying an additional 89 shares during the last quarter. Ironwood Investment Management LLC raised its stake in Arrow Electronics by 0.4% during the fourth quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company’s stock valued at $2,550,000 after buying an additional 100 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings 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 buying an additional 112 shares during the last quarter. Finally, Principal Securities Inc. grew its position in shares of Arrow Electronics by 35.7% in the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock worth $54,000 after acquiring an additional 126 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ARW. Wells Fargo & Company dropped their price target on 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 cut shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $121.25.

Arrow Electronics Trading Down 4.1 %

Shares of NYSE ARW opened at $92.21 on Friday. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. The stock’s 50 day simple moving average is $108.08 and its 200 day simple moving average is $117.45. 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 12-month low of $89.45 and a 12-month high of $137.80.

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

Insider Buying and Selling at Arrow Electronics

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

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.