Grantham Mayo Van Otterloo & Co. LLC Reduces Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

Grantham Mayo Van Otterloo & Co. LLC trimmed its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,792 shares of the technology company’s stock after selling 2,400 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Arrow Electronics were worth $7,895,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. purchased a new stake in Arrow Electronics during the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. purchased a new stake in Arrow Electronics during the 4th quarter valued at $31,000. New Age Alpha Advisors LLC bought a new stake in Arrow Electronics in the fourth quarter worth $47,000. Principal Securities Inc. boosted its stake in Arrow Electronics by 35.7% during the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock worth $54,000 after buying an additional 126 shares during the period. Finally, CoreFirst Bank & Trust bought a new position in Arrow Electronics during the fourth quarter valued at $55,000. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Trading Down 4.1 %

Shares of ARW opened at $92.21 on Monday. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 0.52 and a beta of 1.18. 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 $87.15 and a 1-year high of $137.80. The company has a 50-day moving average of $108.08 and a 200 day moving average of $117.36.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. On average, research analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Analyst Upgrades and Downgrades

ARW has been the subject of several analyst reports. Wells Fargo & Company lowered their target price on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a report on Friday, February 7th. Bank of America downgraded shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Arrow Electronics has an average rating of “Hold” and a consensus target price of $121.25.

Insiders Place Their Bets

In other Arrow Electronics news, Director William F. Austen purchased 1,900 shares of Arrow Electronics stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the acquisition, the director now owns 7,858 shares in the company, valued at $818,174.96. This trade represents a 31.89 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Yun Sung Cho sold 237 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $108.73, for a total transaction of $25,769.01. Following the completion of the sale, the chief accounting officer now directly owns 2,086 shares of the company’s stock, valued at $226,810.78. The trade was a 10.20 % decrease in their position. The disclosure for this sale can be found here. Company 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.