Cooke & Bieler LP Sells 18,448 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Cooke & Bieler LP lessened its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,766,860 shares of the technology company's stock after selling 18,448 shares during the period. Arrow Electronics comprises approximately 1.8% of Cooke & Bieler LP's portfolio, making the stock its 16th biggest position. Cooke & Bieler LP owned about 3.41% of Arrow Electronics worth $183,453,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC boosted its position in Arrow Electronics by 208.8% during the fourth quarter. FMR LLC now owns 1,343,090 shares of the technology company's stock valued at $151,930,000 after purchasing an additional 908,185 shares during the last quarter. Bank of America Corp DE grew 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 acquiring an additional 730,408 shares in the last quarter. Fiduciary Management Inc. WI increased its stake in shares of Arrow Electronics by 44.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock worth $175,214,000 after purchasing an additional 473,909 shares during the last quarter. Boston Partners raised its holdings in shares of Arrow Electronics by 14.8% during the 4th quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock valued at $280,138,000 after purchasing an additional 318,329 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Arrow Electronics by 31,181.6% in the 1st quarter. GAMMA Investing LLC now owns 269,647 shares of the technology company's stock valued at $279,970,000 after purchasing an additional 268,785 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Insider Buying and Selling

In related news, Director Gail Hamilton sold 1,458 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $122.39, for a total value of $178,444.62. Following the completion of the sale, the director owned 101 shares in the company, valued at approximately $12,361.39. This trade represents a 93.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the insider directly owned 43,895 shares in the company, valued at approximately $5,372,309.05. This trade represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,070 shares of company stock valued at $1,116,062. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on ARW. Bank of America raised their target price on Arrow Electronics from $105.00 to $110.00 and gave the company an "underperform" rating in a report on Monday, June 9th. Wall Street Zen downgraded Arrow Electronics from a "buy" rating to a "hold" rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Arrow Electronics has a consensus rating of "Hold" and an average price target of $115.75.

Arrow Electronics Stock Performance

ARW stock traded down $0.37 during mid-day trading on Friday, reaching $130.36. 403,043 shares of the stock traded hands, compared to its average volume of 484,582. The firm has a market capitalization of $6.76 billion, a PE ratio of 17.96, a P/E/G ratio of 0.65 and a beta of 1.10. The business has a 50-day moving average of $124.80 and a two-hundred day moving average of $114.28. Arrow Electronics, Inc. has a 52 week low of $86.50 and a 52 week high of $137.80. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.39.

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

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.