Allianz Asset Management GmbH Sells 5,852 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Allianz Asset Management GmbH trimmed its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,383 shares of the technology company's stock after selling 5,852 shares during the quarter. Allianz Asset Management GmbH owned about 0.55% of Arrow Electronics worth $29,631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Arrow Electronics by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company's stock valued at $331,493,000 after buying an additional 91,310 shares in the last quarter. Greenhaven Associates Inc. raised its stake in Arrow Electronics by 0.5% in the first quarter. Greenhaven Associates Inc. now owns 1,913,757 shares of the technology company's stock valued at $198,705,000 after purchasing an additional 8,900 shares in the last quarter. Fiduciary Management Inc. WI raised its stake in Arrow Electronics by 44.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock valued at $175,214,000 after purchasing an additional 473,909 shares in the last quarter. Earnest Partners LLC lifted its position in Arrow Electronics by 5.5% during the fourth quarter. Earnest Partners LLC now owns 1,486,157 shares of the technology company's stock worth $168,114,000 after purchasing an additional 77,396 shares during the period. Finally, Lyrical Asset Management LP grew its stake in Arrow Electronics by 0.7% during the fourth quarter. Lyrical Asset Management LP now owns 1,454,883 shares of the technology company's stock worth $164,576,000 after buying an additional 9,670 shares in the last quarter. 99.34% of the stock is owned by institutional investors.

Arrow Electronics Trading Up 0.6%

Arrow Electronics stock traded up $0.74 during mid-day trading on Friday, hitting $127.89. 315,045 shares of the stock were exchanged, compared to its average volume of 365,518. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 17.62, a PEG 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 company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.39. The firm's fifty day simple moving average is $125.60 and its two-hundred day simple moving average is $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 EPS for the quarter, topping the consensus estimate of $1.47 by $0.33. The company had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.32 billion. Arrow Electronics had a net margin of 1.40% and a return on equity of 8.97%. The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.41 EPS. Analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Analysts Set New Price Targets

ARW has been the subject of several analyst reports. Bank of America boosted their target price on shares of 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 raised Arrow Electronics from a "hold" rating to a "buy" rating in a report on Saturday. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $115.75.

Insider Transactions at Arrow Electronics

In related news, Director Gail Hamilton sold 1,458 shares of the business's stock in a transaction dated Monday, May 12th. The stock was 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were 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 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 valued at $1,116,062 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

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.