CANADA LIFE ASSURANCE Co Has $4.66 Million Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

CANADA LIFE ASSURANCE Co lessened its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,210 shares of the technology company’s stock after selling 173 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Arrow Electronics were worth $4,661,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARW. Franklin Resources Inc. raised its position in shares of Arrow Electronics by 1,072.6% during the third quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company’s stock worth $5,564,000 after purchasing an additional 37,746 shares during the period. Lind Value II ApS lifted its stake in Arrow Electronics by 36.3% in the fourth quarter. Lind Value II ApS now owns 648,637 shares of the technology company’s stock valued at $73,374,000 after buying an additional 172,669 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Arrow Electronics by 115.0% in the third quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company’s stock valued at $41,948,000 after buying an additional 168,904 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Arrow Electronics by 24.0% in the fourth quarter. GAMMA Investing LLC now owns 862 shares of the technology company’s stock valued at $98,000 after buying an additional 167 shares during the period. Finally, Polaris Capital Management LLC increased its position in shares of Arrow Electronics by 1.1% during the fourth quarter. Polaris Capital Management LLC now owns 261,203 shares of the technology company’s stock worth $29,547,000 after acquiring an additional 2,800 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

Arrow Electronics Stock Up 3.9 %

Arrow Electronics stock opened at $112.03 on Friday. The company has a fifty day simple moving average of $104.31 and a 200 day simple moving average of $114.15. 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, Inc. has a 1-year low of $86.50 and a 1-year high of $137.80. The company has a market cap of $5.81 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18.

Arrow Electronics (NYSE:ARW) last released its 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%. Research analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Bank of America cut shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research report on Friday, February 7th. Wells Fargo & Company cut their price target on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $121.25.

Insider Transactions at Arrow Electronics

In other news, CAO Yun Sung Cho sold 237 shares of the business’s 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 transaction, the chief accounting officer now directly owns 2,086 shares in the company, valued at $226,810.78. The trade was a 10.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William F. Austen bought 1,900 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $104.12 per share, with a total value of $197,828.00. Following the completion of the purchase, the director now directly owns 7,858 shares in the company, valued at $818,174.96. The trade was a 31.89 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

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.