Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by Nilsine Partners LLC

Nilsine Partners LLC lessened its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 45.6% in the first quarter, Holdings Channel.com reports. 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 SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vinva Investment Management Ltd grew its position in shares of Arrow Electronics by 4.7% in the 3rd quarter. Vinva Investment Management Ltd now owns 1,888 shares of the technology company’s stock worth $243,000 after acquiring an additional 85 shares in the last quarter. IFP Advisors Inc grew its position in shares of Arrow Electronics by 33.0% in 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. Strs Ohio grew its position in shares of Arrow Electronics by 0.6% in the 4th quarter. Strs Ohio now owns 18,681 shares of the technology company’s stock worth $2,283,000 after acquiring an additional 120 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Arrow Electronics by 5.8% in the 3rd 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 in the last quarter. Finally, Treasurer of the State of North Carolina grew its position in shares of Arrow Electronics by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 25,163 shares of the technology company’s stock worth $3,151,000 after acquiring an additional 130 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Arrow Electronics Stock Performance

Shares of NYSE ARW traded down $1.11 during mid-day trading on Tuesday, hitting $127.67. The company had a trading volume of 954,093 shares, compared to its average volume of 530,591. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 8.09 and a beta of 1.41. Arrow Electronics, Inc. has a 12 month low of $108.51 and a 12 month high of $147.42. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.39 and a quick ratio of 1.00. The firm’s 50 day simple moving average is $123.22 and its two-hundred day simple moving average is $119.44.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $3.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.72 by $0.26. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.84 billion. Arrow Electronics had a return on equity of 17.22% and a net margin of 2.73%. The business’s revenue was down 15.8% on a year-over-year basis. During the same quarter last year, the business posted $5.69 EPS. As a group, equities research analysts forecast that Arrow Electronics, Inc. will post 11.53 earnings per share for the current 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 for the company in a research report on Friday, February 9th.

Insider Buying and Selling

In related 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 stock was sold at an average price of $121.00, for a total value of $180,895.00. Following the sale, 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 document filed with the SEC, which is available at the SEC website. In other Arrow Electronics news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of Arrow Electronics stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total transaction of $180,895.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed 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 sale, the insider now directly 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. Insiders own 0.60% of the company’s stock.

Arrow Electronics Company 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.