Park Avenue Securities LLC Decreases Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Park Avenue Securities LLC decreased its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 16.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,287 shares of the technology company’s stock after selling 649 shares during the period. Park Avenue Securities LLC’s holdings in Arrow Electronics were worth $426,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strs Ohio boosted its stake in shares of Arrow Electronics by 0.6% in the 4th quarter. Strs Ohio now owns 18,681 shares of the technology company’s stock worth $2,283,000 after buying an additional 120 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Arrow Electronics by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 25,163 shares of the technology company’s stock valued at $3,151,000 after purchasing an additional 130 shares during the period. Johnson Financial Group Inc. grew its stake in shares of Arrow Electronics by 17.1% during the 4th quarter. Johnson Financial Group Inc. now owns 937 shares of the technology company’s stock valued at $115,000 after purchasing an additional 137 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Arrow Electronics by 7.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 2,466 shares of the technology company’s stock valued at $301,000 after purchasing an additional 164 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its stake in shares of Arrow Electronics by 8.7% in the 4th quarter. Tectonic Advisors LLC now owns 2,589 shares of the technology company’s stock worth $317,000 after purchasing an additional 207 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Arrow Electronics Stock Up 0.2 %

NYSE ARW opened at $120.76 on Friday. Arrow Electronics, Inc. has a 52 week low of $108.51 and a 52 week high of $147.42. The company has a quick ratio of 1.07, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $6.43 billion, a P/E ratio of 9.49 and a beta of 1.30. The stock’s 50-day moving average price is $128.44 and its 200-day moving average price is $122.61.

Arrow Electronics (NYSE:ARW) last released its earnings results on Tuesday, May 7th. The technology company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.04. The company had revenue of $6.92 billion for 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 firm’s revenue was down 20.7% compared to the same quarter last year. During the same quarter last year, the business earned $4.60 EPS. On average, equities research analysts predict that Arrow Electronics, Inc. will post 10.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Arrow Electronics

In other Arrow Electronics news, Director Andrew Charles Kerin sold 1,469 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $130.71, for a total value of $192,012.99. Following the completion of the transaction, the director now directly owns 1,520 shares in the company, valued at approximately $198,679.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Arrow Electronics news, Director Gail Hamilton sold 2,987 shares of the business’s stock in a transaction 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 sale, the director now owns 102 shares in the company, valued at approximately $13,524.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew Charles Kerin sold 1,469 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $130.71, for a total value of $192,012.99. Following the transaction, the director now directly owns 1,520 shares of the company’s stock, valued at $198,679.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,976 shares of company stock valued at $788,183. 1.00% of the stock is owned by company 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.