Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 2.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,820 shares of the technology company’s stock after selling 470 shares during the period. Yousif Capital Management LLC’s holdings in Arrow Electronics were worth $2,162,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Meixler Investment Management Ltd. increased its holdings in shares of Arrow Electronics by 2.6% in the 4th quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company’s stock valued at $387,000 after purchasing an additional 88 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Arrow Electronics by 1.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company’s stock worth $539,000 after purchasing an additional 89 shares in the last quarter. Ironwood Investment Management LLC lifted its position in shares of Arrow Electronics by 0.4% during the fourth quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company’s stock worth $2,550,000 after purchasing an additional 100 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Arrow Electronics by 24.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company’s stock valued at $64,000 after acquiring an additional 112 shares in the last quarter. Finally, Fulton Bank N.A. raised its holdings in Arrow Electronics by 6.4% in the first quarter. Fulton Bank N.A. now owns 2,026 shares of the technology company’s stock valued at $210,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insider Transactions at Arrow Electronics

In other news, Director Gail Hamilton sold 1,458 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $122.39, for a total value of $178,444.62. Following the completion of the sale, the director now directly owns 101 shares of the company’s stock, valued at $12,361.39. This represents a 93.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric Nowak sold 4,952 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $122.39, for a total value of $606,075.28. Following the completion of the transaction, the insider now owns 43,895 shares in the company, valued at $5,372,309.05. This represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,070 shares of company stock valued at $1,116,062 over the last three months. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Bank of America upped their price target on shares of Arrow Electronics from $105.00 to $110.00 and gave the stock an “underperform” rating in a research report on Monday, June 9th.

Arrow Electronics Price Performance

Shares of NYSE ARW opened at $121.91 on Monday. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 0.52 and a beta of 1.09. The firm has a 50-day moving average of $113.94 and a two-hundred day moving average of $112.32.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.33. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.32 billion. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.41 earnings per share. As a group, analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Arrow Electronics Company 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.