ACR Alpine Capital Research LLC Purchases 69,214 Shares of Arrow Electronics, Inc. (NYSE:ARW)

ACR Alpine Capital Research LLC grew its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 399.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,541 shares of the technology company's stock after buying an additional 69,214 shares during the quarter. Arrow Electronics comprises 0.2% of ACR Alpine Capital Research LLC's holdings, making the stock its 19th biggest position. ACR Alpine Capital Research LLC owned about 0.17% of Arrow Electronics worth $8,986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARW. Brown Brothers Harriman & Co. acquired a new position in shares of Arrow Electronics during the 4th quarter valued at $31,000. Golden State Wealth Management LLC increased its position in shares of Arrow Electronics by 111.7% during the 1st 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. New Age Alpha Advisors LLC acquired a new position in shares of Arrow Electronics during the 4th quarter valued at $47,000. CoreFirst Bank & Trust acquired a new position in shares of Arrow Electronics during the 4th quarter valued at $55,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Arrow Electronics during the 1st quarter valued at $120,000. 99.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ARW shares. Bank of America lifted their price target on Arrow Electronics from $105.00 to $110.00 and gave the company an "underperform" rating in a research report on Monday, June 9th. Wall Street Zen cut Arrow Electronics from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Arrow Electronics currently has a consensus rating of "Hold" and a consensus target price of $115.75.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, Director Gail Hamilton sold 1,458 shares of the business's 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 sale, the director directly owned 101 shares of the company's stock, valued at $12,361.39. The trade was a 93.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $124.64, for a total value of $331,542.40. Following the sale, the senior vice president owned 17,057 shares of the company's stock, valued at approximately $2,125,984.48. This trade represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,070 shares of company stock worth $1,116,062 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Arrow Electronics Stock Down 2.4%

ARW stock traded down $3.13 during midday trading on Thursday, reaching $127.20. The company had a trading volume of 317,824 shares, compared to its average volume of 367,322. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80. 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 company has a market capitalization of $6.60 billion, a P/E ratio of 17.52, a PEG ratio of 0.65 and a beta of 1.10. The company has a 50 day moving average of $125.35 and a two-hundred day moving average of $114.65.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.33. Arrow Electronics had a return on equity of 8.97% and a net margin of 1.40%. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.32 billion. During the same quarter in the previous year, the company posted $2.41 earnings per share. The business's quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

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.