Aviva PLC Sells 153 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Aviva PLC lowered its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW – Get Rating) by 1.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 8,753 shares of the technology company’s stock after selling 153 shares during the period. Aviva PLC’s holdings in Arrow Electronics were worth $915,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARW. Lindbrook Capital LLC grew its holdings in Arrow Electronics by 31.9% during the fourth quarter. Lindbrook Capital LLC now owns 389 shares of the technology company’s stock worth $41,000 after purchasing an additional 94 shares during the period. Huntington National Bank boosted its holdings in shares of Arrow Electronics by 88.5% during the fourth quarter. Huntington National Bank now owns 411 shares of the technology company’s stock worth $43,000 after acquiring an additional 193 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of Arrow Electronics during the first quarter worth approximately $52,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Arrow Electronics by 30.9% during the third quarter. EverSource Wealth Advisors LLC now owns 965 shares of the technology company’s stock worth $88,000 after acquiring an additional 228 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of Arrow Electronics by 55.6% during the first quarter. Covestor Ltd now owns 879 shares of the technology company’s stock worth $104,000 after acquiring an additional 314 shares during the period. Institutional investors own 95.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded Arrow Electronics from a “hold” rating to a “buy” rating in a report on Saturday, May 13th. Truist Financial boosted their price objective on Arrow Electronics from $116.00 to $131.00 and gave the stock a “hold” rating in a report on Friday, February 3rd. Citigroup boosted their price objective on Arrow Electronics from $115.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, February 3rd. The Goldman Sachs Group boosted their price objective on Arrow Electronics from $111.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, February 6th. Finally, Raymond James boosted their price target on Arrow Electronics from $125.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $126.71.

Arrow Electronics Trading Down 0.6 %

Shares of ARW stock opened at $123.22 on Monday. Arrow Electronics, Inc. has a 1 year low of $89.38 and a 1 year high of $134.56. The stock has a market cap of $6.96 billion, a P/E ratio of 5.85, a price-to-earnings-growth ratio of 1.96 and a beta of 1.40. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $117.75 and a 200 day simple moving average of $114.66.

Arrow Electronics (NYSE:ARW – Get Rating) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported $4.60 EPS for the quarter, beating the consensus estimate of $4.47 by $0.13. Arrow Electronics had a net margin of 3.63% and a return on equity of 24.92%. The business had revenue of $8.74 billion during the quarter, compared to the consensus estimate of $8.61 billion. During the same period in the previous year, the business earned $5.43 earnings per share. The company’s revenue was down 3.7% on a year-over-year basis. On average, research analysts predict that Arrow Electronics, Inc. will post 15.82 earnings per share for the current fiscal year.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, Chairman Michael J. Long sold 3,712 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $120.29, for a total transaction of $446,516.48. Following the completion of the transaction, the chairman now directly owns 209,172 shares in the company, valued at $25,161,299.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Kristin Diana Russell sold 10,306 shares of the company’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $117.70, for a total transaction of $1,213,016.20. Following the completion of the transaction, the insider now directly owns 14,535 shares in the company, valued at $1,710,769.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Michael J. Long sold 3,712 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $120.29, for a total transaction of $446,516.48. Following the transaction, the chairman now owns 209,172 shares of the company’s stock, valued at $25,161,299.88. The disclosure for this sale can be found here. Insiders sold a total of 39,010 shares of company stock worth $4,612,191 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Arrow Electronics Profile

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Arrow Electronics, Inc engages in the provision of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. It operates under the Global Components Business and Global Enterprise Computing Solutions (Global ECS) segments. The Global Components segment focuses on marketing and distribution of electronic components enabled by a comprehensive range of value-added capabilities and services.