Cerity Partners LLC Has $639,000 Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Cerity Partners LLC increased its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 50.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,156 shares of the technology company's stock after purchasing an additional 2,070 shares during the quarter. Cerity Partners LLC's holdings in Arrow Electronics were worth $639,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in Arrow Electronics by 208.8% in the fourth quarter. FMR LLC now owns 1,343,090 shares of the technology company's stock worth $151,930,000 after buying an additional 908,185 shares during the period. Bank of America Corp DE increased 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 worth $133,089,000 after buying an additional 730,408 shares during the period. Fiduciary Management Inc. WI increased its position in Arrow Electronics by 44.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock worth $175,214,000 after buying an additional 473,909 shares during the period. GAMMA Investing LLC increased its position in 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 buying an additional 268,785 shares during the period. Finally, ARGA Investment Management LP increased its position in Arrow Electronics by 273.3% in the first quarter. ARGA Investment Management LP now owns 293,561 shares of the technology company's stock worth $30,480,000 after buying an additional 214,926 shares during the period. 99.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Gail Hamilton sold 1,458 shares of Arrow Electronics stock in a transaction dated 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 directly owned 101 shares of the company's stock, valued at $12,361.39. The trade was a 93.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric Nowak sold 4,952 shares of Arrow Electronics stock in a transaction dated 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 directly owned 43,895 shares in the company, valued at approximately $5,372,309.05. The trade was a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,070 shares of company stock valued at $1,116,062 over the last three months. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ARW. 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 report on Monday, June 9th. Wall Street Zen lowered Arrow Electronics from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $115.75.

Arrow Electronics Stock Performance

Shares of ARW traded up $0.74 during trading hours on Friday, reaching $127.89. 315,045 shares of the company's stock traded hands, compared to its average volume of 365,518. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 0.63 and a beta of 1.10. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.43 and a quick ratio of 1.05. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80. The business's fifty day simple moving average is $125.48 and its two-hundred day simple moving average is $114.75.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.33. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.32 billion. Arrow Electronics had a return on equity of 8.97% and a net margin of 1.40%. The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $2.41 earnings per share. Analysts predict 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.