Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by Lindenwold Advisors INC

Lindenwold Advisors INC cut its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,015 shares of the technology company’s stock after selling 117 shares during the period. Lindenwold Advisors INC’s holdings in Arrow Electronics were worth $341,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ARW. Atria Investments Inc grew its stake in shares of Arrow Electronics by 36.7% during the third quarter. Atria Investments Inc now owns 4,433 shares of the technology company’s stock valued at $589,000 after acquiring an additional 1,190 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Arrow Electronics in the third quarter worth about $267,000. Victory Capital Management Inc. grew its stake in Arrow Electronics by 2.6% in the third quarter. Victory Capital Management Inc. now owns 20,477 shares of the technology company’s stock worth $2,720,000 after purchasing an additional 517 shares in the last quarter. KBC Group NV grew its stake in Arrow Electronics by 15.5% in the third quarter. KBC Group NV now owns 1,419 shares of the technology company’s stock worth $188,000 after purchasing an additional 190 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new position in Arrow Electronics in the third quarter worth about $210,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Arrow Electronics Stock Performance

Shares of ARW stock opened at $107.36 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average of $111.05 and a two-hundred day moving average of $119.52. Arrow Electronics, Inc. has a 52 week low of $101.78 and a 52 week high of $137.80. The company has a market cap of $5.60 billion, a P/E ratio of 14.75, a PEG ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last issued its earnings results on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates 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, analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Insider Activity

In other news, CAO Yun Sung Cho sold 353 shares of Arrow Electronics stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $112.11, for a total transaction 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. The trade was a 18.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William F. Austen purchased 1,900 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were acquired 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 approximately $818,174.96. The trade was a 31.89 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.

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.