Cerity Partners LLC Increases Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Cerity Partners LLC increased its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 50.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,156 shares of the technology company's stock after acquiring an additional 2,070 shares during the period. Cerity Partners LLC's holdings in Arrow Electronics were worth $639,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ARW. Dimensional Fund Advisors LP raised its stake in Arrow Electronics by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company's stock valued at $331,493,000 after buying an additional 91,310 shares in the last quarter. Greenhaven Associates Inc. raised its stake in Arrow Electronics by 0.5% in the first quarter. Greenhaven Associates Inc. now owns 1,913,757 shares of the technology company's stock valued at $198,705,000 after buying an additional 8,900 shares in the last quarter. Fiduciary Management Inc. WI raised its stake 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 valued at $175,214,000 after buying an additional 473,909 shares in the last quarter. Earnest Partners LLC raised its stake in Arrow Electronics by 5.5% in the fourth quarter. Earnest Partners LLC now owns 1,486,157 shares of the technology company's stock valued at $168,114,000 after buying an additional 77,396 shares in the last quarter. Finally, Lyrical Asset Management LP raised its stake in Arrow Electronics by 0.7% in the fourth quarter. Lyrical Asset Management LP now owns 1,454,883 shares of the technology company's stock valued at $164,576,000 after buying an additional 9,670 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Eric Nowak sold 4,952 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $122.39, for a total transaction of $606,075.28. Following the transaction, the insider owned 43,895 shares of the company's stock, valued at $5,372,309.05. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $124.64, for a total value of $331,542.40. Following the transaction, the senior vice president directly owned 17,057 shares in the company, valued at approximately $2,125,984.48. This represents a 13.49% decrease in their position. 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 quarter. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ARW shares. Wall Street Zen upgraded Arrow Electronics from a "hold" rating to a "buy" rating in a research note on Saturday. Bank of America raised their price objective on Arrow Electronics from $105.00 to $110.00 and gave the stock an "underperform" rating in a report on Monday, June 9th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Arrow Electronics has an average rating of "Hold" and an average target price of $115.75.

Arrow Electronics Stock Performance

Shares of ARW stock traded up $0.89 during mid-day trading on Monday, hitting $128.70. 364,650 shares of the stock were exchanged, compared to its average volume of 353,176. The stock's fifty day simple moving average is $125.76 and its two-hundred day simple moving average is $115.01. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 0.64 and a beta of 1.10. Arrow Electronics, Inc. has a 12-month low of $86.50 and a 12-month high of $137.80. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.05 and a current ratio of 1.43.

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 return on equity of 8.97% and a net margin of 1.40%. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.32 billion. During the same quarter last year, the company posted $2.41 earnings per share. The business's revenue was down 1.6% on a year-over-year basis. On average, analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current 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.