Livforsakringsbolaget Skandia Omsesidigt Lowers Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Livforsakringsbolaget Skandia Omsesidigt trimmed its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,700 shares of the technology company’s stock after selling 330 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Arrow Electronics were worth $1,308,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ARW. Legacy Financial Group LLC purchased a new stake in Arrow Electronics in the third quarter valued at $25,000. IFP Advisors Inc boosted its stake in shares of Arrow Electronics by 33.0% during the 3rd quarter. IFP Advisors Inc now owns 403 shares of the technology company’s stock worth $50,000 after acquiring an additional 100 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Arrow Electronics during the 1st quarter worth about $52,000. Gladius Capital Management LP boosted its stake in shares of Arrow Electronics by 27.1% during the 3rd quarter. Gladius Capital Management LP now owns 441 shares of the technology company’s stock worth $55,000 after acquiring an additional 94 shares in the last quarter. Finally, UniSuper Management Pty Ltd purchased a new stake in shares of Arrow Electronics during the 2nd quarter worth about $72,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $121.00, for a total transaction of $180,895.00. Following the completion of the transaction, the senior vice president now owns 15,271 shares of the company’s stock, valued at approximately $1,847,791. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Arrow Electronics news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $121.00, for a total value of $180,895.00. Following the completion of the transaction, the senior vice president now owns 15,271 shares of the company’s stock, valued at approximately $1,847,791. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard John Marano sold 1,900 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $116.46, for a total transaction of $221,274.00. Following the completion of the transaction, the insider now directly owns 12,108 shares of the company’s stock, valued at approximately $1,410,097.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,134 shares of company stock valued at $488,795. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

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

Arrow Electronics Trading Up 0.2 %

ARW stock opened at $122.25 on Thursday. The company’s 50-day simple moving average is $120.89 and its 200-day simple moving average is $119.08. The company has a quick ratio of 1.00, a current ratio of 1.39 and a debt-to-equity ratio of 0.37. Arrow Electronics, Inc. has a 52-week low of $108.51 and a 52-week high of $147.42. The firm has a market cap of $6.60 billion, a P/E ratio of 7.72 and a beta of 1.41.

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

About Arrow Electronics

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.