Arrow Electronics, Inc. (NYSE:ARW) Shares Acquired by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC raised its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 33.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,591 shares of the technology company's stock after acquiring an additional 4,687 shares during the quarter. Moody Aldrich Partners LLC's holdings in Arrow Electronics were worth $1,930,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ARW. FMR LLC lifted its holdings in 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 during the period. Bank of America Corp DE lifted its holdings in 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 during the period. Fiduciary Management Inc. WI lifted its holdings 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 acquiring an additional 473,909 shares during the period. Boston Partners lifted its holdings in Arrow Electronics by 14.8% in the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock valued at $280,138,000 after acquiring an additional 318,329 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in 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 during the period. Institutional investors and hedge funds own 99.34% of the company's stock.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $124.64, for a total transaction of $331,542.40. Following the sale, the senior vice president directly owned 17,057 shares of the company's stock, valued at $2,125,984.48. This trade represents a 13.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $178,444.62. Following the sale, the director directly owned 101 shares in the company, valued at $12,361.39. This represents a 93.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,070 shares of company stock worth $1,116,062. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

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 report on Monday, June 9th.

Arrow Electronics Price Performance

Shares of ARW traded up $0.23 during mid-day trading on Friday, reaching $132.17. 240,850 shares of the company's stock were exchanged, compared to its average volume of 488,851. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.39. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week high of $137.80. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 0.66 and a beta of 1.10. The company has a 50-day simple moving average of $121.45 and a two-hundred day simple moving average of $113.11.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share for the quarter, topping 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 company had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.32 billion. During the same quarter last year, the business posted $2.41 earnings per share. Arrow Electronics's revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

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.