Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. cut its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 67.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,642 shares of the technology company's stock after selling 15,964 shares during the period. Bessemer Group Inc.'s holdings in Arrow Electronics were worth $794,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. BOK Financial Private Wealth Inc. acquired a new position in Arrow Electronics in the 4th quarter worth approximately $25,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Arrow Electronics in the 4th quarter valued at $31,000. New Age Alpha Advisors LLC acquired a new stake in shares of Arrow Electronics in the fourth quarter worth $47,000. CoreFirst Bank & Trust purchased a new position in shares of Arrow Electronics during the fourth quarter worth $55,000. Finally, Parkside Financial Bank & Trust lifted its position in 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 purchasing an additional 112 shares during the period. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $124.64, for a total value of $331,542.40. Following the completion of the sale, the senior vice president owned 17,057 shares of the company's stock, valued at approximately $2,125,984.48. The trade was a 13.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gail Hamilton sold 1,458 shares of the company's stock in a transaction 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 transaction, the director owned 101 shares of the company's stock, 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. Over the last 90 days, insiders have sold 9,070 shares of company stock worth $1,116,062. 1.00% of the stock is owned by corporate insiders.

Arrow Electronics Stock Performance

Shares of NYSE:ARW traded up $0.23 during trading on Friday, hitting $132.17. 240,850 shares of the stock traded hands, 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. The company has a fifty day moving average price of $121.04 and a two-hundred day moving average price of $113.01. 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 P/E/G ratio of 0.66 and a beta of 1.10.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $1.80 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.33. Arrow Electronics had a net margin of 1.40% and a return on equity of 8.97%. The company had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.32 billion. During the same quarter in the previous year, the company earned $2.41 earnings per share. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Wall Street Analyst Weigh In

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

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.