GAMMA Investing LLC Purchases 268,785 Shares of Arrow Electronics, Inc. (NYSE:ARW)

GAMMA Investing LLC boosted its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 31,181.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,647 shares of the technology company's stock after purchasing an additional 268,785 shares during the period. GAMMA Investing LLC owned about 0.52% of Arrow Electronics worth $279,970,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Meixler Investment Management Ltd. lifted its stake in Arrow Electronics by 2.6% in the 4th quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company's stock valued at $387,000 after purchasing an additional 88 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Arrow Electronics by 1.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company's stock valued at $539,000 after acquiring an additional 89 shares during the last quarter. Ironwood Investment Management LLC raised its stake in shares of Arrow Electronics by 0.4% during the fourth quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company's stock valued at $2,550,000 after acquiring an additional 100 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Arrow Electronics by 24.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company's stock valued at $64,000 after acquiring an additional 112 shares during the last quarter. Finally, Principal Securities Inc. raised its stake in shares of Arrow Electronics by 35.7% during the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock valued at $54,000 after acquiring an additional 126 shares during the last quarter. Institutional investors own 99.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ARW. Bank of America downgraded shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Wells Fargo & Company dropped their price target on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, February 7th.

Insiders Place Their Bets

In other Arrow Electronics news, Director William F. Austen acquired 1,900 shares of Arrow Electronics stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the acquisition, the director now directly owns 7,858 shares of the company's stock, valued at $818,174.96. This represents a 31.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eric Nowak sold 4,952 shares of Arrow Electronics stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $122.39, for a total transaction of $606,075.28. Following the transaction, the insider now owns 43,895 shares of the company's stock, valued at $5,372,309.05. This represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company's stock.

Arrow Electronics Stock Up 0.3%

NYSE:ARW traded up $0.38 during trading hours on Wednesday, reaching $120.69. The company had a trading volume of 127,660 shares, compared to its average volume of 491,874. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 0.52 and a beta of 1.09. The business's 50-day simple moving average is $110.03 and its two-hundred day simple moving average is $112.09. 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 posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.33. The business had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.32 billion. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. The business's quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the company posted $2.41 earnings per share. On average, equities analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

About Arrow Electronics

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.