American International Group Inc. Decreases Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

American International Group Inc. lowered its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,166 shares of the technology company’s stock after selling 5,271 shares during the period. American International Group Inc. owned about 0.14% of Arrow Electronics worth $8,945,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vinva Investment Management Ltd boosted its holdings in Arrow Electronics by 4.7% during the third quarter. Vinva Investment Management Ltd now owns 1,888 shares of the technology company’s stock worth $243,000 after buying an additional 85 shares in the last quarter. Strs Ohio boosted its holdings in Arrow Electronics by 0.6% during the fourth quarter. Strs Ohio now owns 18,681 shares of the technology company’s stock worth $2,283,000 after buying an additional 120 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in Arrow Electronics by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 25,163 shares of the technology company’s stock worth $3,151,000 after buying an additional 130 shares in the last quarter. Johnson Financial Group Inc. boosted its holdings in Arrow Electronics by 17.1% during the fourth quarter. Johnson Financial Group Inc. now owns 937 shares of the technology company’s stock worth $115,000 after buying an additional 137 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Arrow Electronics by 7.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,466 shares of the technology company’s stock worth $301,000 after buying an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Insider Activity

In other news, Director Gail Hamilton sold 2,987 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 102 shares of the company’s stock, valued at $13,524.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Gail Hamilton sold 2,987 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 102 shares of the company’s stock, valued at $13,524.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Andrew Charles Kerin sold 1,520 shares of the business’s stock in a transaction that occurred on 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. Insiders sold a total of 5,976 shares of company stock valued at $788,183 over the last 90 days. Insiders own 0.60% of the company’s stock.

Arrow Electronics Stock Down 3.3 %

Shares of NYSE ARW opened at $125.81 on Wednesday. Arrow Electronics, Inc. has a 12-month low of $108.51 and a 12-month high of $147.42. The company has a market capitalization of $6.70 billion, a PE ratio of 9.89 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.07. The firm’s 50-day moving average is $128.44 and its two-hundred day moving average is $122.38.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.04. Arrow Electronics had a net margin of 2.28% and a return on equity of 14.61%. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same quarter in the prior year, the firm earned $4.60 earnings per share. The company’s revenue for the quarter was down 20.7% compared to the same quarter last year. Equities analysts anticipate that Arrow Electronics, Inc. will post 10.37 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upped their price target 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.

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.