Speece Thorson Capital Group Inc. Cuts Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

Speece Thorson Capital Group Inc. reduced its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,279 shares of the technology company's stock after selling 2,670 shares during the quarter. Arrow Electronics accounts for 3.3% of Speece Thorson Capital Group Inc.'s portfolio, making the stock its 8th largest position. Speece Thorson Capital Group Inc. owned about 0.29% of Arrow Electronics worth $15,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. Ironwood Investment Management LLC raised its stake in Arrow Electronics by 0.4% during the fourth quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company's stock worth $2,550,000 after acquiring an additional 100 shares in the last quarter. Beverly Hills Private Wealth LLC increased its stake in shares of Arrow Electronics by 4.2% in the first quarter. Beverly Hills Private Wealth LLC now owns 2,643 shares of the technology company's stock valued at $274,000 after buying an additional 106 shares in the last quarter. Net Worth Advisory Group increased its stake in shares of Arrow Electronics by 1.8% in the first quarter. Net Worth Advisory Group now owns 6,724 shares of the technology company's stock valued at $698,000 after buying an additional 117 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Arrow Electronics by 2.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 4,887 shares of the technology company's stock valued at $507,000 after buying an additional 121 shares in the last quarter. Finally, Fulton Bank N.A. increased its stake in shares of Arrow Electronics by 6.4% in the first quarter. Fulton Bank N.A. now owns 2,026 shares of the technology company's stock valued at $210,000 after buying an additional 122 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arrow Electronics

In other Arrow Electronics news, insider Eric Nowak sold 4,952 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $122.39, for a total transaction of $606,075.28. Following the transaction, the insider owned 43,895 shares in the company, valued at approximately $5,372,309.05. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gail Hamilton sold 1,458 shares of the firm'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 transaction, the director owned 101 shares in the company, valued at approximately $12,361.39. This trade represents a 93.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,070 shares of company stock worth $1,116,062 over the last 90 days. Insiders own 1.00% of the company's stock.

Arrow Electronics Trading Down 0.7%

Arrow Electronics stock traded down $0.93 during mid-day trading on Friday, hitting $132.31. The stock had a trading volume of 309,281 shares, compared to its average volume of 489,295. The stock has a 50-day simple moving average of $123.38 and a two-hundred day simple moving average of $113.68. The stock has a market capitalization of $6.86 billion, a PE ratio of 18.22, a P/E/G ratio of 0.66 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 current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.39.

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

Wall Street Analyst Weigh In

Separately, Bank of America raised their target price on Arrow Electronics from $105.00 to $110.00 and gave the company an "underperform" rating in a research note on Monday, June 9th.

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.