Cwm LLC Purchases 5,519 Shares of Arrow Electronics, Inc. (NYSE:ARW)

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARW. FMR LLC grew its holdings in shares of Arrow Electronics by 208.8% in the fourth quarter. FMR LLC now owns 1,343,090 shares of the technology company's stock valued at $151,930,000 after acquiring an additional 908,185 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Arrow Electronics by 163.7% in the fourth quarter. Bank of America Corp DE now owns 1,176,527 shares of the technology company's stock valued at $133,089,000 after acquiring an additional 730,408 shares in the last quarter. Fiduciary Management Inc. WI grew its holdings in shares of 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 acquiring an additional 473,909 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Arrow Electronics by 31,181.6% in the first quarter. GAMMA Investing LLC now owns 269,647 shares of the technology company's stock valued at $279,970,000 after acquiring an additional 268,785 shares in the last quarter. Finally, ARGA Investment Management LP lifted its stake in Arrow Electronics by 273.3% in the first quarter. ARGA Investment Management LP now owns 293,561 shares of the technology company's stock valued at $30,480,000 after purchasing an additional 214,926 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on ARW. Bank of America upped their price objective on Arrow Electronics from $105.00 to $110.00 and gave the company an "underperform" rating in a research note on Monday, June 9th. Wall Street Zen upgraded Arrow Electronics from a "hold" rating to a "buy" rating in a research note on Saturday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $115.75.

Insider Transactions at Arrow Electronics

In other news, insider Eric Nowak sold 4,952 shares of the company's stock in a transaction on Monday, May 12th. The shares were 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 approximately $5,372,309.05. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gail Hamilton sold 1,458 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $122.39, for a total transaction of $178,444.62. Following the completion of the transaction, the director directly owned 101 shares in the company, valued at approximately $12,361.39. The trade was a 93.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,070 shares of company stock valued at $1,116,062. 1.00% of the stock is currently owned by company insiders.

Arrow Electronics Stock Performance

Shares of NYSE:ARW traded up $0.74 during trading on Friday, hitting $127.89. 315,045 shares of the company were exchanged, compared to its average volume of 365,518. The company has a market cap of $6.63 billion, a PE ratio of 17.62, a P/E/G ratio of 0.64 and a beta of 1.10. The stock has a 50 day moving average of $125.60 and a 200 day moving average of $114.87. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week high of $137.80. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.43 and a quick ratio of 1.05.

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

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.