Boston Partners Sells 39,829 Shares of Arrow Electronics, Inc. $ARW

Key Points

• Boston Partners decreased its stake in Arrow Electronics by 1.6% during the first quarter, holding 2,434,245 shares worth approximately $252.79 million.
• CEO Sean J. Kerins purchased 8,630 shares of Arrow Electronics on August 1st, while SVP Carine Lamercie Jean-Claude sold 2,660 shares on June 11th.
• Arrow Electronics reported earnings of $2.43 per share for the last quarter, exceeding analysts' expectations and reflecting a revenue increase of 10% year-over-year.

Boston Partners cut its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,434,245 shares of the technology company's stock after selling 39,829 shares during the period. Boston Partners owned 4.69% of Arrow Electronics worth $252,789,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in ARW. Dimensional Fund Advisors LP raised its position in shares of Arrow Electronics by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company's stock valued at $331,493,000 after acquiring an additional 91,310 shares during the period. Greenhaven Associates Inc. raised its position in shares of Arrow Electronics by 0.5% in the 1st quarter. Greenhaven Associates Inc. now owns 1,913,757 shares of the technology company's stock valued at $198,705,000 after acquiring an additional 8,900 shares during the period. Fiduciary Management Inc. WI raised its position in shares of Arrow Electronics by 44.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock valued at $175,214,000 after acquiring an additional 473,909 shares during the period. Earnest Partners LLC raised its position in shares of Arrow Electronics by 5.5% in the 4th quarter. Earnest Partners LLC now owns 1,486,157 shares of the technology company's stock valued at $168,114,000 after acquiring an additional 77,396 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Arrow Electronics by 163.7% in the 4th quarter. Bank of America Corp DE now owns 1,176,527 shares of the technology company's stock valued at $133,089,000 after acquiring an additional 730,408 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arrow Electronics

In other Arrow Electronics news, CEO Sean J. Kerins purchased 8,630 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was bought at an average cost of $114.91 per share, with a total value of $991,673.30. Following the purchase, the chief executive officer directly owned 122,408 shares of the company's stock, valued at $14,065,903.28. The trade was a 7.58% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $331,542.40. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.

Arrow Electronics Stock Down 0.1%

NYSE ARW traded down $0.10 during trading hours on Monday, reaching $123.61. 330,471 shares of the company's stock were exchanged, compared to its average volume of 548,775. The company's 50-day moving average is $126.37 and its two-hundred day moving average is $115.49. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.39. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 0.59 and a beta of 1.10.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The technology company reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.40. The company had revenue of $7.58 billion during the quarter, compared to analysts' expectations of $7.12 billion. Arrow Electronics had a net margin of 1.64% and a return on equity of 8.37%. The business's quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the business earned $2.78 EPS. On average, analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wall Street Zen raised Arrow Electronics from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Bank of America increased their target price on Arrow Electronics from $105.00 to $110.00 and gave the stock an "underperform" rating in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $115.75.

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.