Arrow Electronics, Inc. (NYSE:ARW) Stake Trimmed by Blair William & Co. IL

Blair William & Co. IL lowered its stake in Arrow Electronics, Inc. (NYSE:ARW) by 24.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,290 shares of the technology company’s stock after selling 761 shares during the quarter. Blair William & Co. IL’s holdings in Arrow Electronics were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Beverly Hills Private Wealth LLC increased its stake in Arrow Electronics by 4.2% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 2,643 shares of the technology company’s stock worth $274,000 after purchasing an additional 106 shares in the last quarter. Net Worth Advisory Group increased its stake in Arrow Electronics by 1.8% in the 1st quarter. Net Worth Advisory Group now owns 6,724 shares of the technology company’s stock worth $698,000 after purchasing an additional 117 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in 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 purchasing an additional 121 shares in the last quarter. Fulton Bank N.A. increased its stake in Arrow Electronics by 6.4% in the 1st quarter. Fulton Bank N.A. now owns 2,026 shares of the technology company’s stock worth $210,000 after purchasing an additional 122 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its stake in Arrow Electronics by 1.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 6,577 shares of the technology company’s stock worth $683,000 after purchasing an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Insider Activity

In other news, SVP Carine Lamercie Jean-Claude sold 2,660 shares of Arrow Electronics stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $124.64, for a total transaction of $331,542.40. Following the completion of the sale, the senior vice president directly owned 17,057 shares in the company, valued at $2,125,984.48. The trade was a 13.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sean J. Kerins purchased 8,630 shares of Arrow Electronics stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of $114.91 per share, with a total value of $991,673.30. Following the completion of the acquisition, the chief executive officer owned 122,408 shares in the company, valued at $14,065,903.28. The trade was a 7.58% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.80% of the stock is owned by insiders.

Arrow Electronics Trading Up 2.8%

Shares of NYSE ARW opened at $123.33 on Wednesday. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80. The firm has a market capitalization of $6.35 billion, a PE ratio of 13.95, a PEG ratio of 0.57 and a beta of 1.10. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $126.08 and a two-hundred day moving average price of $115.32.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, July 31st. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.40. The business had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.12 billion. Arrow Electronics had a return on equity of 8.37% and a net margin of 1.64%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.78 EPS. As a group, analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ARW shares. Wall Street Zen raised Arrow Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Bank of America raised their price objective on Arrow Electronics from $105.00 to $110.00 and gave the stock an “underperform” rating in a research report on Monday, June 9th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $115.75.

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.