Royal London Asset Management Ltd. Lowers Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Royal London Asset Management Ltd. lowered its stake in shares of Arrow Electronics, Inc. (NYSE:ARWFree Report) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,244 shares of the technology company’s stock after selling 957 shares during the quarter. Royal London Asset Management Ltd. owned 0.05% of Arrow Electronics worth $3,575,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vinva Investment Management Ltd grew its holdings in shares of Arrow Electronics by 4.7% during the 3rd quarter. Vinva Investment Management Ltd now owns 1,888 shares of the technology company’s stock valued at $243,000 after purchasing an additional 85 shares during the last quarter. Strs Ohio grew its holdings in shares of Arrow Electronics by 0.6% during the 4th quarter. Strs Ohio now owns 18,681 shares of the technology company’s stock valued at $2,283,000 after purchasing an additional 120 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Arrow Electronics by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 25,163 shares of the technology company’s stock valued at $3,151,000 after purchasing an additional 130 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Arrow Electronics by 1.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 10,883 shares of the technology company’s stock valued at $1,363,000 after purchasing an additional 137 shares during the last quarter. Finally, Johnson Financial Group Inc. grew its holdings in shares of Arrow Electronics by 17.1% during the 4th quarter. Johnson Financial Group Inc. now owns 937 shares of the technology company’s stock valued at $115,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Insider Transactions at Arrow Electronics

In other news, Director Andrew Charles Kerin sold 1,520 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $131.66, for a total value of $200,123.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Gail Hamilton sold 2,987 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $132.59, for a total value of $396,046.33. Following the completion of the sale, the director now directly owns 102 shares of the company’s stock, valued at approximately $13,524.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrew Charles Kerin sold 1,520 shares of Arrow Electronics stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $131.66, for a total transaction of $200,123.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,976 shares of company stock valued at $788,183. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group increased their target price on shares of Arrow Electronics from $116.00 to $132.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th.

View Our Latest Analysis on Arrow Electronics

Arrow Electronics Price Performance

Shares of Arrow Electronics stock opened at $131.69 on Monday. The firm has a market cap of $7.01 billion, a PE ratio of 10.35 and a beta of 1.30. Arrow Electronics, Inc. has a 12-month low of $108.51 and a 12-month high of $147.42. The company has a quick ratio of 1.07, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $128.05 and its two-hundred day simple moving average is $121.82.

Arrow Electronics (NYSE:ARWGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.04. The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $7.08 billion. Arrow Electronics had a net margin of 2.28% and a return on equity of 14.61%. The company’s revenue was down 20.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.60 EPS. As a group, equities analysts expect that Arrow Electronics, Inc. will post 10.37 EPS for the current year.

Arrow Electronics Company Profile

(Free Report)

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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