Daiwa Securities Group Inc. Lowers Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Daiwa Securities Group Inc. trimmed its holdings in Arrow Electronics, Inc. (NYSE:ARWGet Rating) by 7.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,437 shares of the technology company’s stock after selling 263 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Arrow Electronics were worth $408,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ARW. Riverview Trust Co purchased a new stake in Arrow Electronics in the first quarter valued at $25,000. Allworth Financial LP purchased a new stake in Arrow Electronics in the first quarter valued at $26,000. Financial Management Professionals Inc. boosted its holdings in Arrow Electronics by 95.7% in the first quarter. Financial Management Professionals Inc. now owns 225 shares of the technology company’s stock valued at $27,000 after purchasing an additional 110 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of Arrow Electronics during the 4th quarter worth about $31,000. Finally, CWM LLC purchased a new stake in shares of Arrow Electronics during the 4th quarter worth about $43,000. 93.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ARW. StockNews.com lowered shares of Arrow Electronics from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 18th. Truist Financial lowered their target price on shares of Arrow Electronics from $143.00 to $126.00 and set a “hold” rating on the stock in a research note on Friday, April 8th. Finally, The Goldman Sachs Group lowered their target price on shares of Arrow Electronics from $158.00 to $127.00 in a research note on Friday, July 15th.

Arrow Electronics Trading Down 0.7 %

Shares of Arrow Electronics stock opened at $119.61 on Monday. The firm has a market capitalization of $7.90 billion, a PE ratio of 6.72, a P/E/G ratio of 1.77 and a beta of 1.34. Arrow Electronics, Inc. has a twelve month low of $105.33 and a twelve month high of $137.95. The firm’s 50-day moving average price is $115.75 and its 200 day moving average price is $119.75. The company has a current ratio of 1.49, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51.

Arrow Electronics (NYSE:ARWGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The technology company reported $5.43 earnings per share for the quarter, beating analysts’ consensus estimates of $4.53 by $0.90. The firm had revenue of $9.07 billion for the quarter, compared to analyst estimates of $8.71 billion. Arrow Electronics had a net margin of 3.60% and a return on equity of 24.40%. Arrow Electronics’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $2.84 EPS. On average, sell-side analysts predict that Arrow Electronics, Inc. will post 21.59 EPS for the current fiscal year.

Insider Activity at Arrow Electronics

In related news, SVP David Alan West sold 2,125 shares of the firm’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $124.47, for a total value of $264,498.75. Following the transaction, the senior vice president now directly owns 13,446 shares of the company’s stock, valued at approximately $1,673,623.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Arrow Electronics news, SVP David Alan West sold 2,125 shares of the stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $124.47, for a total value of $264,498.75. Following the completion of the sale, the senior vice president now owns 13,446 shares in the company, valued at approximately $1,673,623.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 1,000 shares of the stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $124.50, for a total transaction of $124,500.00. Following the completion of the sale, the senior vice president now owns 11,105 shares of the company’s stock, valued at approximately $1,382,572.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,475 shares of company stock valued at $3,648,254. 1.00% of the stock is owned by corporate insiders.

About Arrow Electronics

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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.

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Institutional Ownership by Quarter for Arrow Electronics (NYSE:ARW)

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