Wambolt & Associates LLC Sells 1,349 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Wambolt & Associates LLC trimmed its position in Arrow Electronics, Inc. (NYSE:ARW) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,006 shares of the technology company’s stock after selling 1,349 shares during the quarter. Wambolt & Associates LLC’s holdings in Arrow Electronics were worth $906,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ARW. FMR LLC lifted its holdings in Arrow Electronics by 371.1% in the third quarter. FMR LLC now owns 434,905 shares of the technology company’s stock valued at $57,768,000 after buying an additional 342,590 shares during the period. Boston Partners grew its stake in shares of Arrow Electronics by 14.8% during the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company’s stock worth $280,138,000 after purchasing an additional 318,329 shares during the period. Lind Value II ApS increased 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 during the last quarter. JPMorgan Chase & Co. lifted its stake in Arrow Electronics by 115.0% in the third quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company’s stock valued at $41,948,000 after buying an additional 168,904 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of Arrow Electronics by 220.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 149,510 shares of the technology company’s stock valued at $19,859,000 after acquiring an additional 102,854 shares during the period. Institutional investors own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, CAO Yun Sung Cho sold 237 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $108.73, for a total value of $25,769.01. Following the transaction, the chief accounting officer now owns 2,086 shares of the company’s stock, valued at approximately $226,810.78. This represents a 10.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William F. Austen purchased 1,900 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $104.12 per share, with a total value of $197,828.00. Following the completion of the acquisition, the director now owns 7,858 shares in the company, valued at $818,174.96. The trade was 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 insiders.

Arrow Electronics Stock Performance

NYSE ARW opened at $108.47 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The firm’s fifty day moving average price is $110.66 and its two-hundred day moving average price is $118.86. The firm has a market capitalization of $5.66 billion, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26. Arrow Electronics, Inc. has a 1 year low of $101.78 and a 1 year high of $137.80.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating 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.

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.