Arrow Electronics, Inc. (NYSE:ARW) Shares Acquired by Cwm LLC

Cwm LLC grew its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 337.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,155 shares of the technology company's stock after purchasing an additional 5,519 shares during the quarter. Cwm LLC's holdings in Arrow Electronics were worth $743,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. bought a new position in shares of Arrow Electronics during the fourth quarter valued at approximately $31,000. Golden State Wealth Management LLC lifted 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 worth $39,000 after purchasing an additional 200 shares during the period. New Age Alpha Advisors LLC acquired a new stake in Arrow Electronics in the fourth quarter worth approximately $47,000. CoreFirst Bank & Trust acquired a new stake in Arrow Electronics in the fourth quarter worth approximately $55,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Arrow Electronics in the first quarter worth approximately $120,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Insider Transactions at Arrow Electronics

In other news, insider Eric Nowak sold 4,952 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $122.39, for a total value of $606,075.28. Following the transaction, the insider owned 43,895 shares of the company's stock, valued at $5,372,309.05. This represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $124.64, for a total transaction of $331,542.40. Following the completion of 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 three months. 0.80% of the stock is owned by corporate insiders.

Arrow Electronics Trading Up 0.2%

Arrow Electronics stock opened at $130.69 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.05 and a current ratio of 1.43. The business's 50-day simple moving average is $125.15 and its 200-day simple moving average is $114.54. The firm has a market capitalization of $6.78 billion, a PE ratio of 18.00, a PEG ratio of 0.65 and a beta of 1.10. Arrow Electronics, Inc. has a 52 week low of $86.50 and a 52 week high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued 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. 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 analyst estimates of $6.32 billion. During the same period in the previous year, the company posted $2.41 earnings per share. The company's quarterly revenue was down 1.6% compared to the same quarter last year. Equities research analysts forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on ARW. Bank of America increased their price objective 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 downgraded Arrow Electronics from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $115.75.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.