Callan Capital LLC Sells 873 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Callan Capital LLC lowered its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 27.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,296 shares of the technology company’s stock after selling 873 shares during the period. Callan Capital LLC’s holdings in Arrow Electronics were worth $260,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ARW. True Wealth Design LLC bought a new position in shares of Arrow Electronics in the third quarter worth $31,000. Brooklyn Investment Group bought a new position in shares of Arrow Electronics in the third quarter worth $40,000. Principal Securities Inc. increased its stake in Arrow Electronics by 35.7% in the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock valued at $54,000 after acquiring an additional 126 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Arrow Electronics in the third quarter valued at $73,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Arrow Electronics in the third quarter valued at $78,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Arrow Electronics Stock Down 0.6 %

Shares of NYSE:ARW opened at $111.52 on Friday. The stock’s 50-day moving average price is $113.71 and its 200-day moving average price is $122.38. Arrow Electronics, Inc. has a 12-month low of $105.00 and a 12-month high of $137.80. The stock has a market capitalization of $5.82 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 0.53 and a beta of 1.26. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data 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, equities analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Wall Street Analyst Weigh In

ARW has been the topic of a number of research analyst reports. Raymond James reduced their target price on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Wells Fargo & Company reduced their target price on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. Bank of America cut Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Finally, Truist Financial reduced their price objective on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Arrow Electronics currently has a consensus rating of “Hold” and a consensus target price of $121.25.

Insider Transactions at Arrow Electronics

In other news, CAO Yun Sung Cho sold 237 shares of the stock in a transaction dated Friday, February 14th. The shares were 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 in the company, valued at approximately $226,810.78. This represents a 10.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by company insiders.

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.