Beverly Hills Private Wealth LLC Cuts Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Beverly Hills Private Wealth LLC lessened its position in Arrow Electronics, Inc. (NYSE:ARW) by 14.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,537 shares of the technology company’s stock after selling 438 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Arrow Electronics were worth $287,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ARW. BOK Financial Private Wealth Inc. purchased a new position in Arrow Electronics in the 4th quarter valued at $25,000. Brown Brothers Harriman & Co. purchased a new position in shares of Arrow Electronics in the fourth quarter worth about $31,000. New Age Alpha Advisors LLC acquired a new position in Arrow Electronics during the fourth quarter worth about $47,000. Principal Securities Inc. grew its stake in Arrow Electronics by 35.7% during the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock valued at $54,000 after acquiring an additional 126 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in Arrow Electronics in the 4th quarter valued at about $55,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Arrow Electronics news, CAO Yun Sung Cho sold 353 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $112.11, for a total transaction of $39,574.83. Following the sale, the chief accounting officer now directly owns 1,549 shares in the company, valued at $173,658.39. This represents a 18.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William F. Austen purchased 1,900 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $104.12 per share, with a total value of $197,828.00. Following the purchase, the director now owns 7,858 shares of the company’s stock, valued at approximately $818,174.96. This represents a 31.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ARW has been the subject of a number of analyst reports. Wells Fargo & Company dropped their price target on 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 cut Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $121.25.

Arrow Electronics Stock Up 1.3 %

Shares of NYSE ARW opened at $116.61 on Tuesday. The company has a market capitalization of $6.05 billion, a P/E ratio of 16.02, a P/E/G ratio of 0.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. The company has a 50 day simple moving average of $104.59 and a 200-day simple moving average of $112.82. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.33. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.32 billion. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.41 earnings per share. On average, equities research analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Arrow Electronics Company 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.