Arrow Electronics, Inc. (NYSE:ARW) Position Raised by ACR Alpine Capital Research LLC

ACR Alpine Capital Research LLC boosted its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 399.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,541 shares of the technology company's stock after acquiring an additional 69,214 shares during the quarter. Arrow Electronics accounts for 0.2% of ACR Alpine Capital Research LLC's investment portfolio, making the stock its 19th biggest position. ACR Alpine Capital Research LLC owned 0.17% of Arrow Electronics worth $8,986,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARW. Wealth Enhancement Advisory Services LLC raised its position in Arrow Electronics by 33.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,864 shares of the technology company's stock valued at $1,232,000 after purchasing an additional 2,982 shares during the period. Golden State Wealth Management LLC raised its position in Arrow Electronics by 111.7% in the first quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company's stock valued at $39,000 after purchasing an additional 200 shares during the period. SG Americas Securities LLC purchased a new position in Arrow Electronics in the first quarter valued at about $356,000. GAMMA Investing LLC raised its position in Arrow Electronics by 201.3% in the first quarter. GAMMA Investing LLC now owns 2,597 shares of the technology company's stock valued at $270,000 after purchasing an additional 1,735 shares during the period. Finally, Edgestream Partners L.P. raised its position in Arrow Electronics by 99.5% in the first quarter. Edgestream Partners L.P. now owns 115,474 shares of the technology company's stock valued at $11,990,000 after purchasing an additional 57,590 shares during the period. Institutional investors and hedge funds own 99.34% of the company's stock.

Arrow Electronics Stock Up 0.6%

Arrow Electronics stock traded up $0.74 during midday trading on Friday, hitting $127.89. The stock had a trading volume of 315,045 shares, compared to its average volume of 365,518. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.39. The stock has a market cap of $6.63 billion, a P/E ratio of 17.62, a P/E/G ratio of 0.64 and a beta of 1.10. Arrow Electronics, Inc. has a 12 month low of $86.50 and a 12 month high of $137.80. The business has a fifty day moving average price of $125.60 and a 200 day moving average price of $114.87.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.33. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.32 billion. Arrow Electronics had a return on equity of 8.97% and a net margin of 1.40%. Arrow Electronics's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.41 earnings per share. Research analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on ARW shares. Wall Street Zen raised Arrow Electronics from a "hold" rating to a "buy" rating in a research report on Saturday. Bank of America lifted their target price 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 equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Arrow Electronics has an average rating of "Hold" and an average price target of $115.75.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, SVP Carine Lamercie Jean-Claude sold 2,660 shares of Arrow Electronics stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $124.64, for a total value of $331,542.40. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gail Hamilton sold 1,458 shares of Arrow Electronics stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $122.39, for a total value of $178,444.62. Following the completion of the transaction, the director owned 101 shares of the company's stock, valued at approximately $12,361.39. The trade was a 93.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,070 shares of company stock worth $1,116,062 over the last ninety days. Company insiders own 1.00% of the company's stock.

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.