Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP cut 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 disclosure with the SEC. The institutional investor owned 1,785,308 shares of the technology company’s stock after selling 54,843 shares during the quarter. Arrow Electronics makes up approximately 1.9% of Cooke & Bieler LP’s portfolio, making the stock its 14th biggest position. Cooke & Bieler LP owned 3.39% of Arrow Electronics worth $201,954,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ARW. Pacer Advisors Inc. boosted its holdings in Arrow Electronics by 71.9% in the third quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company’s stock valued at $278,220,000 after purchasing an additional 876,396 shares in the last quarter. Greenhaven Associates Inc. boosted its holdings in Arrow Electronics by 1.1% in the fourth quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company’s stock valued at $215,477,000 after purchasing an additional 20,484 shares in the last quarter. State Street Corp boosted its holdings in Arrow Electronics by 0.3% in the third quarter. State Street Corp now owns 1,689,695 shares of the technology company’s stock valued at $224,442,000 after purchasing an additional 4,811 shares in the last quarter. Lind Value II ApS boosted its holdings in Arrow Electronics by 36.3% in the fourth quarter. Lind Value II ApS now owns 648,637 shares of the technology company’s stock valued at $73,374,000 after purchasing an additional 172,669 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Arrow Electronics by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 498,907 shares of the technology company’s stock valued at $56,436,000 after purchasing an additional 14,971 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Arrow Electronics Price Performance

Arrow Electronics stock opened at $107.42 on Tuesday. Arrow Electronics, Inc. has a 12 month low of $103.40 and a 12 month high of $137.80. 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 business has a 50 day simple moving average of $112.14 and a 200-day simple moving average of $120.93. The stock has a market capitalization of $5.60 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 EPS 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%. Equities analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a report on Friday, February 7th. Bank of America cut Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $121.25.

Insider Buying and Selling

In other Arrow Electronics news, CAO Yun Sung Cho sold 353 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $112.11, for a total value of $39,574.83. Following the sale, the chief accounting officer now owns 1,549 shares of the company’s stock, valued at approximately $173,658.39. This represents a 18.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

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.