Vanguard Group Inc. Sells 155,204 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Vanguard Group Inc. lowered its stake in Arrow Electronics, Inc. (NYSE:ARW) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,952,619 shares of the technology company’s stock after selling 155,204 shares during the quarter. Vanguard Group Inc. owned about 11.48% of Arrow Electronics worth $618,060,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in shares of Arrow Electronics by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company’s stock worth $331,493,000 after purchasing an additional 91,310 shares in the last quarter. Greenhaven Associates Inc. lifted its position in shares of Arrow Electronics by 0.5% in the first quarter. Greenhaven Associates Inc. now owns 1,913,757 shares of the technology company’s stock worth $198,705,000 after purchasing an additional 8,900 shares in the last quarter. Fiduciary Management Inc. WI lifted its position in shares of Arrow Electronics by 44.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company’s stock worth $175,214,000 after purchasing an additional 473,909 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Arrow Electronics by 5.5% in the fourth quarter. Earnest Partners LLC now owns 1,486,157 shares of the technology company’s stock worth $168,114,000 after purchasing an additional 77,396 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Arrow Electronics by 163.7% in the fourth quarter. Bank of America Corp DE now owns 1,176,527 shares of the technology company’s stock worth $133,089,000 after purchasing an additional 730,408 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ARW. Bank of America boosted their price objective 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. Wall Street Zen raised shares of Arrow Electronics from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $115.75.

Arrow Electronics Price Performance

Shares of ARW opened at $127.46 on Thursday. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 0.59 and a beta of 1.10. Arrow Electronics, Inc. has a 1-year low of $86.50 and a 1-year high of $137.80. The company’s fifty day simple moving average is $126.23 and its 200 day simple moving average is $115.40. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37.

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

Insiders Place Their Bets

In related news, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the business’s stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $124.64, for a total transaction of $331,542.40. Following the transaction, the senior vice president directly owned 17,057 shares in the company, valued at approximately $2,125,984.48. The trade was a 13.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sean J. Kerins acquired 8,630 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was bought at an average cost of $114.91 per share, for a total transaction of $991,673.30. Following the completion of the transaction, the chief executive officer directly owned 122,408 shares of the company’s stock, valued at approximately $14,065,903.28. This trade represents a 7.58% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.

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.