Dimensional Fund Advisors LP Sells 10,800 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Dimensional Fund Advisors LP lessened its stake in shares of Arrow Electronics, Inc. (NYSE:ARWFree Report) by 0.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,418,564 shares of the technology company’s stock after selling 10,800 shares during the period. Dimensional Fund Advisors LP owned 4.47% of Arrow Electronics worth $295,674,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ARW. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Arrow Electronics by 5.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 2,302 shares of the technology company’s stock worth $288,000 after acquiring an additional 127 shares during the period. Mackenzie Financial Corp lifted its position in shares of Arrow Electronics by 51.7% in the third quarter. Mackenzie Financial Corp now owns 14,330 shares of the technology company’s stock worth $1,759,000 after buying an additional 4,886 shares in the last quarter. Advisor Partners II LLC lifted its position in shares of Arrow Electronics by 13.9% in the third quarter. Advisor Partners II LLC now owns 4,618 shares of the technology company’s stock worth $578,000 after buying an additional 565 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Arrow Electronics in the third quarter worth about $479,000. Finally, TIAA Trust National Association purchased a new stake in shares of Arrow Electronics in the third quarter worth about $278,000. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Trading Up 0.9 %

ARW stock traded up $1.14 during midday trading on Monday, reaching $127.57. 80,542 shares of the company traded hands, compared to its average volume of 530,662. Arrow Electronics, Inc. has a 52-week low of $108.51 and a 52-week high of $147.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.07 and a current ratio of 1.49. The business has a 50 day moving average of $124.64 and a 200-day moving average of $120.13. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 9.94 and a beta of 1.39.

Arrow Electronics (NYSE:ARWGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.04. Arrow Electronics had a return on equity of 14.61% and a net margin of 2.28%. The firm had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same period in the prior year, the business posted $4.60 earnings per share. The company’s revenue for the quarter was down 20.7% on a year-over-year basis. As a group, sell-side analysts expect that Arrow Electronics, Inc. will post 11.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Truist Financial decreased their target price on Arrow Electronics from $128.00 to $124.00 and set a “hold” rating on the stock in a research report on Friday, February 9th.

View Our Latest Research Report on Arrow Electronics

Insider Buying and Selling at Arrow Electronics

In other news, CAO Yun Sung Cho sold 739 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $117.22, for a total value of $86,625.58. Following the completion of the sale, the chief accounting officer now owns 1,389 shares of the company’s stock, valued at approximately $162,818.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Yun Sung Cho sold 739 shares of Arrow Electronics stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $117.22, for a total value of $86,625.58. Following the sale, the chief accounting officer now directly owns 1,389 shares of the company’s stock, valued at $162,818.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard John Marano sold 1,900 shares of Arrow Electronics stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $116.46, for a total value of $221,274.00. Following the completion of the sale, the insider now owns 12,108 shares in the company, valued at approximately $1,410,097.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,134 shares of company stock valued at $488,795. 0.60% of the stock is currently owned by corporate insiders.

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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Institutional Ownership by Quarter for Arrow Electronics (NYSE:ARW)

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