Capital Fund Management S.A. Decreases Stake in Arrow Electronics, Inc. (NYSE:ARW)

Capital Fund Management S.A. lessened its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 43.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,687 shares of the technology company’s stock after selling 8,969 shares during the period. Capital Fund Management S.A.’s holdings in Arrow Electronics were worth $1,322,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Jane Street Group LLC increased its holdings in Arrow Electronics by 27.9% in the third quarter. Jane Street Group LLC now owns 11,497 shares of the technology company’s stock valued at $1,527,000 after buying an additional 2,509 shares during the last quarter. MML Investors Services LLC raised its position in shares of Arrow Electronics by 5.8% during the 3rd quarter. MML Investors Services LLC now owns 13,142 shares of the technology company’s stock worth $1,746,000 after acquiring an additional 720 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in Arrow Electronics by 47.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 2,787 shares of the technology company’s stock valued at $370,000 after purchasing an additional 893 shares in the last quarter. Te Ahumairangi Investment Management Ltd increased its stake in Arrow Electronics by 4.6% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 31,847 shares of the technology company’s stock valued at $4,206,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Arrow Electronics during the 3rd quarter worth approximately $621,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

ARW has been the topic of several research analyst reports. Wells Fargo & Company cut their price target 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. Bank of America lowered Arrow Electronics from a “neutral” rating to an “underperform” rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Arrow Electronics currently has an average rating of “Hold” and an average price target of $121.25.

Arrow Electronics Stock Up 0.5 %

ARW opened at $100.53 on Wednesday. The business has a 50 day moving average price of $104.78 and a two-hundred day moving average price of $115.33. Arrow Electronics, Inc. has a 52 week low of $86.50 and a 52 week high of $137.80. The company has a market cap of $5.21 billion, a PE ratio of 13.81, a P/E/G ratio of 0.52 and a beta of 1.18. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, topping 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%. As a group, research analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

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.