Arrow Electronics, Inc. (NYSE:ARW) Stock Holdings Lowered by Lind Value II ApS

Lind Value II ApS lessened its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 17.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 532,570 shares of the technology company's stock after selling 116,067 shares during the quarter. Arrow Electronics accounts for approximately 24.5% of Lind Value II ApS's portfolio, making the stock its 2nd largest holding. Lind Value II ApS owned about 1.03% of Arrow Electronics worth $55,297,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Arrow Electronics by 208.8% in the 4th 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 last quarter. Bank of America Corp DE lifted its position 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 purchasing an additional 730,408 shares during the last quarter. Fiduciary Management Inc. WI boosted its stake in shares of Arrow Electronics by 44.1% during 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 purchasing an additional 473,909 shares during the period. Boston Partners boosted its stake in shares of Arrow Electronics by 14.8% during the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock valued at $280,138,000 after purchasing an additional 318,329 shares during the period. Finally, 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 worth $279,970,000 after purchasing an additional 268,785 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Bank of America lowered shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Wells Fargo & Company dropped their target price on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, February 7th.

Insider Buying and Selling

In other Arrow Electronics news, insider Eric Nowak sold 4,952 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $122.39, for a total value of $606,075.28. Following the sale, the insider now owns 43,895 shares in the company, valued at approximately $5,372,309.05. This 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 can be accessed through this link. Also, Director Gail Hamilton sold 1,458 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 $178,444.62. Following the completion of the sale, the director now directly owns 101 shares in the company, valued at approximately $12,361.39. This represents a 93.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Arrow Electronics Trading Down 0.8%

Arrow Electronics stock traded down $0.91 during mid-day trading on Monday, reaching $117.48. 308,260 shares of the company traded hands, compared to its average volume of 587,254. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week high of $137.80. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 0.52 and a beta of 1.10. The firm's 50 day moving average price is $109.52 and its 200 day moving average price is $112.02.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.33. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. The company had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.32 billion. During the same period in the prior year, the firm earned $2.41 earnings per share. Arrow Electronics's revenue was down 1.6% on a year-over-year basis. On average, analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal 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.