Livforsakringsbolaget Skandia Omsesidigt Sells 330 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Livforsakringsbolaget Skandia Omsesidigt lessened its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,700 shares of the technology company’s stock after selling 330 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Arrow Electronics were worth $1,308,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC bought a new position in Arrow Electronics during the 4th quarter valued at approximately $230,362,000. AQR Capital Management LLC increased its position in Arrow Electronics by 2.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,957,225 shares of the technology company’s stock valued at $245,123,000 after buying an additional 43,790 shares in the last quarter. Greenhaven Associates Inc. increased its position in Arrow Electronics by 3.9% during the 4th quarter. Greenhaven Associates Inc. now owns 1,826,528 shares of the technology company’s stock valued at $223,293,000 after buying an additional 69,400 shares in the last quarter. Millennium Management LLC increased its position in Arrow Electronics by 25.9% during the 4th quarter. Millennium Management LLC now owns 1,255,591 shares of the technology company’s stock valued at $131,297,000 after buying an additional 258,224 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Arrow Electronics by 42.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,164,451 shares of the technology company’s stock valued at $145,244,000 after purchasing an additional 349,561 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Insider Transactions at Arrow Electronics

In other news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total value of $180,895.00. Following the transaction, the senior vice president now directly owns 15,271 shares in the company, valued at approximately $1,847,791. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total value of $180,895.00. Following the transaction, the senior vice president now directly owns 15,271 shares of the company’s stock, valued at approximately $1,847,791. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Yun Sung Cho sold 739 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $117.22, for a total value of $86,625.58. Following the completion of the transaction, the chief accounting officer now directly owns 1,389 shares in the company, valued at $162,818.58. The disclosure for this sale can be found here. Insiders have sold a total of 4,134 shares of company stock worth $488,795 in the last ninety days. Insiders own 1.00% of the company’s stock.

Arrow Electronics Stock Performance

Shares of ARW opened at $122.25 on Thursday. The business’s fifty day simple moving average is $120.89 and its two-hundred day simple moving average is $119.08. The company has a current ratio of 1.39, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. Arrow Electronics, Inc. has a 12 month low of $108.51 and a 12 month high of $147.42. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 7.72 and a beta of 1.41.

Arrow Electronics (NYSE:ARW) last issued its earnings results on Thursday, February 8th. The technology company reported $3.98 EPS for the quarter, beating the consensus estimate of $3.72 by $0.26. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.84 billion. Arrow Electronics had a return on equity of 17.22% and a net margin of 2.73%. The company’s revenue was down 15.8% compared to the same quarter last year. During the same period last year, the business posted $5.69 EPS. Research analysts anticipate that Arrow Electronics, Inc. will post 11.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Truist Financial cut their target price on Arrow Electronics from $128.00 to $124.00 and set a “hold” rating on the stock in a research note on Friday, February 9th.

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.