Nilsine Partners LLC Trims Position in Arrow Electronics, Inc. (NYSE:ARW)

Nilsine Partners LLC lessened its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 45.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,757 shares of the technology company’s stock after selling 2,311 shares during the period. Nilsine Partners LLC’s holdings in Arrow Electronics were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new stake in Arrow Electronics in the 4th quarter valued at about $79,027,000. Assenagon Asset Management S.A. raised its holdings in Arrow Electronics by 317.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 538,726 shares of the technology company’s stock valued at $65,859,000 after buying an additional 409,810 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in Arrow Electronics by 67.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 946,398 shares of the technology company’s stock valued at $118,527,000 after buying an additional 380,383 shares during the period. Ameriprise Financial Inc. raised its holdings in Arrow Electronics by 42.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,164,451 shares of the technology company’s stock valued at $145,244,000 after buying an additional 349,561 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in Arrow Electronics by 56.2% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 851,790 shares of the technology company’s stock valued at $104,131,000 after buying an additional 306,371 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Insider Transactions at Arrow Electronics

In other news, CAO Yun Sung Cho sold 739 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $117.22, for a total transaction of $86,625.58. Following the completion of the transaction, 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 SEC, which is accessible through this link. In other Arrow Electronics news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total value of $180,895.00. Following the completion of the sale, the senior vice president now owns 15,271 shares in the company, valued at $1,847,791. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Yun Sung Cho sold 739 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,134 shares of company stock valued at $488,795. 0.60% of the stock is currently owned by corporate insiders.

Arrow Electronics Trading Down 0.9 %

NYSE ARW traded down $1.11 during trading on Tuesday, hitting $127.67. The stock had a trading volume of 954,093 shares, compared to its average volume of 530,591. The company has a market capitalization of $6.89 billion, a PE ratio of 8.09 and a beta of 1.41. The company has a quick ratio of 1.00, a current ratio of 1.39 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average price of $123.22 and a 200 day moving average price of $119.44. Arrow Electronics, Inc. has a twelve month low of $108.51 and a twelve month high of $147.42.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $3.98 EPS for the quarter, topping analysts’ consensus estimates of $3.72 by $0.26. Arrow Electronics had a return on equity of 17.22% and a net margin of 2.73%. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same period in the previous year, the company posted $5.69 earnings per share. The business’s revenue for the quarter was down 15.8% on a year-over-year basis. As a group, equities research analysts forecast that Arrow Electronics, Inc. will post 11.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.