Signaturefd LLC Has $349,000 Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Signaturefd LLC reduced its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 9.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,085 shares of the technology company’s stock after selling 319 shares during the period. Signaturefd LLC’s holdings in Arrow Electronics were worth $349,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. increased its stake in Arrow Electronics by 2.6% in the third quarter. Victory Capital Management Inc. now owns 20,477 shares of the technology company’s stock valued at $2,720,000 after acquiring an additional 517 shares during the last quarter. CIBC Asset Management Inc acquired a new position in shares of Arrow Electronics during the 3rd quarter worth $210,000. Quest Partners LLC bought a new stake in shares of Arrow Electronics during the 3rd quarter worth $204,000. Charles Schwab Investment Management Inc. boosted its stake in Arrow Electronics by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 483,936 shares of the technology company’s stock valued at $64,281,000 after buying an additional 10,340 shares in the last quarter. Finally, Studio Investment Management LLC grew its position in Arrow Electronics by 5.9% in the third quarter. Studio Investment Management LLC now owns 2,929 shares of the technology company’s stock valued at $389,000 after acquiring an additional 164 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Stock Down 1.6 %

Shares of NYSE ARW opened at $104.24 on Friday. The company has a 50 day simple moving average of $110.71 and a 200 day simple moving average of $119.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. Arrow Electronics, Inc. has a 1 year low of $101.78 and a 1 year high of $137.80. The firm has a market cap of $5.44 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, topping analysts’ consensus estimates 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 forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ARW. Bank of America lowered shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Wells Fargo & Company dropped their price target on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $121.25.

Insider Buying and Selling at Arrow Electronics

In other news, Director William F. Austen purchased 1,900 shares of the company’s stock in a transaction dated 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 approximately $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Yun Sung Cho sold 353 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $112.11, for a total transaction of $39,574.83. Following the completion of the sale, the chief accounting officer now directly owns 1,549 shares in the company, valued at approximately $173,658.39. This represents a 18.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

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.