Arrow Electronics, Inc. (NYSE:ARW) Position Lessened by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in Arrow Electronics, Inc. (NYSE:ARW) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,211,217 shares of the technology company’s stock after selling 193,330 shares during the quarter. Vanguard Group Inc. owned approximately 11.54% of Arrow Electronics worth $759,321,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ARW. Virtu Financial LLC bought a new stake in shares of Arrow Electronics in the 4th quarter valued at approximately $618,000. Neo Ivy Capital Management acquired a new position in shares of Arrow Electronics during the 4th quarter worth $395,000. Speece Thorson Capital Group Inc. raised its holdings in shares of Arrow Electronics by 1.6% during the 4th quarter. Speece Thorson Capital Group Inc. now owns 117,073 shares of the technology company’s stock valued at $14,312,000 after purchasing an additional 1,900 shares in the last quarter. Oracle Alpha Inc. acquired a new stake in shares of Arrow Electronics in the 4th quarter valued at $372,000. Finally, Bragg Financial Advisors Inc boosted its holdings in Arrow Electronics by 0.8% in the fourth quarter. Bragg Financial Advisors Inc now owns 121,573 shares of the technology company’s stock worth $14,862,000 after purchasing an additional 906 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group boosted their price target on Arrow Electronics from $116.00 to $132.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th.

Arrow Electronics Price Performance

Shares of Arrow Electronics stock opened at $126.77 on Friday. Arrow Electronics, Inc. has a 1-year low of $108.51 and a 1-year high of $147.42. The firm has a fifty day simple moving average of $128.45 and a 200-day simple moving average of $122.51. The company has a current ratio of 1.49, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 9.97 and a beta of 1.30.

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

Insider Buying and Selling at Arrow Electronics

In other news, Director Andrew Charles Kerin sold 1,520 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $131.66, for a total value of $200,123.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Gail Hamilton sold 2,987 shares of Arrow Electronics stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $132.59, for a total transaction of $396,046.33. Following the sale, the director now directly 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 can be accessed through this link. Also, Director Andrew Charles Kerin sold 1,520 shares of the company’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 value of $200,123.20. The disclosure for this sale can be found here. Insiders have sold 5,976 shares of company stock valued at $788,183 in the last 90 days. 1.00% of the stock is currently owned by insiders.

Arrow Electronics 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.