Moody Aldrich Partners LLC Purchases 4,687 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Moody Aldrich Partners LLC increased its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 33.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,591 shares of the technology company's stock after buying an additional 4,687 shares during the quarter. Moody Aldrich Partners LLC's holdings in Arrow Electronics were worth $1,930,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Oppenheimer Asset Management Inc. lifted its position in shares of Arrow Electronics by 1.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company's stock worth $539,000 after buying an additional 89 shares during the last quarter. Ironwood Investment Management LLC increased its holdings in Arrow Electronics by 0.4% in the 4th quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company's stock worth $2,550,000 after purchasing an additional 100 shares in the last quarter. Net Worth Advisory Group increased its holdings in Arrow Electronics by 1.8% in the 1st quarter. Net Worth Advisory Group now owns 6,724 shares of the technology company's stock worth $698,000 after purchasing an additional 117 shares in the last quarter. Fulton Bank N.A. increased its holdings in Arrow Electronics by 6.4% in the 1st quarter. Fulton Bank N.A. now owns 2,026 shares of the technology company's stock worth $210,000 after purchasing an additional 122 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its holdings in Arrow Electronics by 1.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 6,577 shares of the technology company's stock worth $683,000 after purchasing an additional 124 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Arrow Electronics Trading Down 1.4%

Shares of ARW stock traded down $1.82 on Monday, hitting $130.35. The company had a trading volume of 340,525 shares, compared to its average volume of 486,933. The firm has a market cap of $6.76 billion, a P/E ratio of 17.95, a P/E/G ratio of 0.66 and a beta of 1.10. The stock's 50-day moving average is $121.45 and its two-hundred day moving average is $113.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.05 and a current ratio of 1.43. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month 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 for the quarter, beating the consensus estimate of $1.47 by $0.33. The company had revenue of $6.81 billion during 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 business's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.41 earnings per share. On average, equities research analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gail Hamilton sold 1,458 shares of the firm's 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 $178,444.62. Following the completion of the sale, the director owned 101 shares of the company's stock, valued at $12,361.39. This trade represents a 93.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the firm's 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 sale, the senior vice president directly owned 17,057 shares of the company's stock, valued at $2,125,984.48. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,070 shares of company stock valued at $1,116,062 over the last 90 days. Company insiders own 0.80% of the company's stock.

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.