University of Texas Texas AM Investment Management Co. Has $5.18 Million Position in Arrow Electronics, Inc. (NYSE:ARW)

Key Points

• University of Texas Texas AM Investment Management Co. increased its stake in Arrow Electronics by 82.6%, now owning 49,893 shares worth approximately $5.18 million.
• Several institutional investors, including FMR LLC and Bank of America Corp DE, significantly increased their positions in Arrow Electronics during the last quarter, with FMR LLC raising its stake by 208.8%.
• Arrow Electronics reported $1.80 EPS for the last quarter, exceeding estimates, despite a 1.6% revenue decline compared to the previous year.

University of Texas Texas AM Investment Management Co. increased its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 82.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,893 shares of the technology company's stock after purchasing an additional 22,568 shares during the period. Arrow Electronics makes up approximately 0.9% of University of Texas Texas AM Investment Management Co.'s investment portfolio, making the stock its 21st largest holding. University of Texas Texas AM Investment Management Co. owned about 0.10% of Arrow Electronics worth $5,180,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ARW. Commonwealth Equity Services LLC grew its stake in Arrow Electronics by 2.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,286 shares of the technology company's stock valued at $824,000 after acquiring an additional 190 shares during the period. American Century Companies Inc. grew its stake in Arrow Electronics by 13.0% in the fourth quarter. American Century Companies Inc. now owns 100,725 shares of the technology company's stock valued at $11,394,000 after acquiring an additional 11,623 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Arrow Electronics by 8.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 46,261 shares of the technology company's stock worth $5,233,000 after buying an additional 3,515 shares during the period. Norges Bank acquired a new position in shares of Arrow Electronics during the fourth quarter worth about $11,741,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Arrow Electronics during the fourth quarter worth about $47,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Bank of America upped their price objective on Arrow Electronics from $105.00 to $110.00 and gave the stock 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 research report on Saturday, July 26th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $115.75.

Insider Transactions at Arrow Electronics

In other news, insider Eric Nowak sold 4,952 shares of the stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $124.64, for a total value of $331,542.40. Following the transaction, the senior vice president owned 17,057 shares in the company, 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. Over the last quarter, insiders have sold 9,070 shares of company stock worth $1,116,062. Company insiders own 1.00% of the company's stock.

Arrow Electronics Stock Performance

NYSE:ARW traded down $11.56 on Thursday, hitting $118.23. The company's stock had a trading volume of 679,498 shares, compared to its average volume of 545,870. 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 stock has a fifty day moving average of $125.94 and a two-hundred day moving average of $115.11. The firm has a market capitalization of $6.13 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 0.65 and a beta of 1.10. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.40. Arrow Electronics had a return on equity of 8.97% and a net margin of 1.40%. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business earned $2.78 EPS. Research analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share 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.