Invesco LLC Has $1.85 Million Stake in Arrow Electronics, Inc. (NYSE:ARW)

Invesco LLC cut its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 14.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,854 shares of the technology company's stock after selling 3,035 shares during the period. Invesco LLC's holdings in Arrow Electronics were worth $1,854,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARW. Allspring Global Investments Holdings LLC lifted its holdings in Arrow Electronics by 14.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,343 shares of the technology company's stock worth $929,000 after acquiring an additional 1,030 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of Arrow Electronics by 35.7% in the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock valued at $54,000 after purchasing an additional 126 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of Arrow Electronics by 16.5% in the fourth quarter. Truist Financial Corp now owns 5,225 shares of the technology company's stock valued at $591,000 after purchasing an additional 741 shares in the last quarter. Ieq Capital LLC lifted its holdings in shares of Arrow Electronics by 35.2% in the fourth quarter. Ieq Capital LLC now owns 8,723 shares of the technology company's stock valued at $987,000 after purchasing an additional 2,271 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of Arrow Electronics by 211.4% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 8,678 shares of the technology company's stock valued at $982,000 after purchasing an additional 5,891 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Bank of America boosted their price target 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 Stock Down 0.8%

ARW traded down $1.00 on Friday, hitting $127.28. 561,875 shares of the company were exchanged, compared to its average volume of 488,137. Arrow Electronics, Inc. has a 12 month low of $86.50 and a 12 month high of $137.80. The company has a market cap of $6.60 billion, a PE ratio of 17.53, a PEG ratio of 0.64 and a beta of 1.09. 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 stock's fifty day moving average is $119.16 and its 200-day moving average is $112.76.

Arrow Electronics (NYSE:ARW - Get Free Report) last released 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. Arrow Electronics had a return on equity of 8.97% and a net margin of 1.40%. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.32 billion. During the same quarter in the prior year, the company posted $2.41 earnings per share. Arrow Electronics's revenue was down 1.6% on a year-over-year basis. Equities research analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Insider Buying and Selling

In other Arrow Electronics news, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the business'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 transaction of $331,542.40. Following the transaction, the senior vice president now owns 17,057 shares of the company's stock, valued at $2,125,984.48. The trade was a 13.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric Nowak sold 4,952 shares of the business'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 value of $606,075.28. Following the transaction, the insider now directly owns 43,895 shares in the company, valued at approximately $5,372,309.05. This trade represents a 10.14% 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. Corporate insiders own 1.00% 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.