Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by Knightsbridge Asset Management LLC

by · The Cerbat Gem

Knightsbridge Asset Management LLC cut its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 13.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 48,363 shares of the technology company’s stock after selling 7,751 shares during the quarter. Knightsbridge Asset Management LLC’s holdings in Arrow Electronics were worth $5,471,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in shares of Arrow Electronics by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company’s stock worth $331,493,000 after acquiring an additional 91,310 shares during the period. Boston Partners lifted its position in shares of Arrow Electronics by 14.8% during the 4th 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 last quarter. Greenhaven Associates Inc. increased 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 buying an additional 20,484 shares during the last quarter. Fiduciary Management Inc. WI raised its stake in Arrow Electronics by 44.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company’s stock valued at $175,214,000 after buying an additional 473,909 shares in the last quarter. Finally, Lyrical Asset Management LP lifted its holdings in Arrow Electronics by 0.7% during the 4th quarter. Lyrical Asset Management LP now owns 1,454,883 shares of the technology company’s stock worth $164,576,000 after buying an additional 9,670 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on ARW. Bank of America cut Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Wells Fargo & Company dropped their price objective on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $121.25.

Get Our Latest Report on Arrow Electronics

Insider Buying and Selling at Arrow Electronics

In related news, CAO Yun Sung Cho sold 237 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $108.73, for a total value of $25,769.01. Following the completion of the transaction, the chief accounting officer now owns 2,086 shares of the company’s stock, valued at approximately $226,810.78. The trade was a 10.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William F. Austen bought 1,900 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the transaction, the director now owns 7,858 shares of the company’s stock, 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 owned by insiders.

Arrow Electronics Trading Up 3.9 %

Shares of ARW opened at $112.03 on Friday. The firm’s 50-day moving average is $104.31 and its two-hundred day moving average is $114.15. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80. 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 has a market capitalization of $5.81 billion, a P/E ratio of 15.39, a PEG ratio of 0.52 and a beta of 1.18.

Arrow Electronics (NYSE:ARW – Get Free Report) last released its quarterly earnings data 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 net margin of 1.40% and a return on equity of 9.69%. On average, research analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

About Arrow Electronics

(Free Report)

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.

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