Park Avenue Securities LLC Buys 116 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Park Avenue Securities LLC boosted its stake in shares of Arrow Electronics, Inc. (NYSE:ARW – Get Rating) by 2.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,059 shares of the technology company’s stock after buying an additional 116 shares during the period. Park Avenue Securities LLC’s holdings in Arrow Electronics were worth $374,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Panagora Asset Management Inc. raised its position in shares of Arrow Electronics by 12.3% in the 1st quarter. Panagora Asset Management Inc. now owns 3,478 shares of the technology company’s stock worth $413,000 after purchasing an additional 380 shares during the last quarter. Blair William & Co. IL purchased a new position in Arrow Electronics in the first quarter worth about $273,000. Prudential PLC bought a new position in shares of Arrow Electronics in the first quarter worth approximately $302,000. Cetera Investment Advisers purchased a new stake in shares of Arrow Electronics during the first quarter valued at approximately $275,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Arrow Electronics during the first quarter valued at approximately $52,000. Hedge funds and other institutional investors own 95.49% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ARW. Stifel Nicolaus cut their target price on Arrow Electronics from $130.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, October 10th. StockNews.com began coverage on Arrow Electronics in a report on Wednesday, October 12th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Arrow Electronics has a consensus rating of “Hold” and a consensus price target of $127.00.

Arrow Electronics Price Performance

NYSE ARW opened at $114.90 on Monday. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 5.37, a PEG ratio of 1.81 and a beta of 1.37. Arrow Electronics, Inc. has a 1-year low of $89.38 and a 1-year high of $131.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.50 and a quick ratio of 1.06. The business’s fifty day moving average price is $108.01 and its 200-day moving average price is $106.59.

Arrow Electronics (NYSE:ARW – Get Rating) last posted its earnings results on Thursday, November 3rd. The technology company reported $5.45 earnings per share for the quarter, beating analysts’ consensus estimates of $5.36 by $0.09. The company had revenue of $9.27 billion for the quarter, compared to the consensus estimate of $9.28 billion. Arrow Electronics had a return on equity of 27.82% and a net margin of 3.93%. Arrow Electronics’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.04 earnings per share. On average, equities analysts predict that Arrow Electronics, Inc. will post 22.36 earnings per share for the current year.

Insider Activity at Arrow Electronics

In other Arrow Electronics news, SVP Vincent P. Melvin sold 6,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $112.03, for a total value of $672,180.00. Following the transaction, the senior vice president now directly owns 19,381 shares in the company, valued at $2,171,253.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Arrow Electronics Profile

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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.