KBC Group NV Sells 228 Shares of Arrow Electronics, Inc. (NYSE:ARW)

KBC Group NV decreased its position in Arrow Electronics, Inc. (NYSE:ARW) by 9.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,236 shares of the technology company’s stock after selling 228 shares during the quarter. KBC Group NV’s holdings in Arrow Electronics were worth $232,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ARW. Illinois Municipal Retirement Fund boosted its holdings in shares of Arrow Electronics by 27.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 33,713 shares of the technology company’s stock worth $3,500,000 after buying an additional 7,189 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Arrow Electronics by 14.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 50,015 shares of the technology company’s stock worth $5,193,000 after buying an additional 6,459 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Arrow Electronics by 111.7% in the 1st quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company’s stock worth $39,000 after buying an additional 200 shares during the last quarter. Wealthquest Corp purchased a new position in shares of Arrow Electronics in the 1st quarter worth about $372,000. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Arrow Electronics by 2.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,887 shares of the technology company’s stock worth $507,000 after buying an additional 121 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Insider Buying and Selling at Arrow Electronics

In other news, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $124.64, for a total value of $331,542.40. Following the sale, the senior vice president directly owned 17,057 shares of the company’s stock, valued at approximately $2,125,984.48. This represents a 13.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Eric Nowak sold 4,952 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $122.39, for a total transaction of $606,075.28. Following the completion of the sale, the insider directly owned 43,895 shares in the company, valued at approximately $5,372,309.05. The trade was a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,070 shares of company stock valued at $1,116,062 over the last three months. 0.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Arrow Electronics Price Performance

NYSE ARW opened at $132.17 on Monday. The company has a market cap of $6.86 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. Arrow Electronics, Inc. has a 52 week low of $86.50 and a 52 week high of $137.80. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.39. The firm’s 50-day simple moving average is $121.45 and its two-hundred day simple moving average is $113.08.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.47 by $0.33. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.32 billion. Arrow Electronics had a net margin of 1.40% and a return on equity of 8.97%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.41 earnings per share. Research analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

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.