Arrow Electronics, Inc. (NYSE:ARW) Position Boosted by Edgestream Partners L.P.

Edgestream Partners L.P. grew its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 99.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,474 shares of the technology company's stock after purchasing an additional 57,590 shares during the quarter. Arrow Electronics makes up about 0.4% of Edgestream Partners L.P.'s holdings, making the stock its 18th biggest position. Edgestream Partners L.P. owned 0.22% of Arrow Electronics worth $11,990,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Beverly Hills Private Wealth LLC grew its position in shares of Arrow Electronics by 4.2% during the first quarter. Beverly Hills Private Wealth LLC now owns 2,643 shares of the technology company's stock worth $274,000 after acquiring an additional 106 shares during the last quarter. Net Worth Advisory Group grew its position in Arrow Electronics by 1.8% during the 1st quarter. Net Worth Advisory Group now owns 6,724 shares of the technology company's stock worth $698,000 after purchasing an additional 117 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in Arrow Electronics by 2.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 4,887 shares of the technology company's stock valued at $507,000 after purchasing an additional 121 shares during the period. Fulton Bank N.A. boosted its stake in shares of Arrow Electronics by 6.4% during the first quarter. Fulton Bank N.A. now owns 2,026 shares of the technology company's stock worth $210,000 after buying an additional 122 shares during the period. Finally, SummerHaven Investment Management LLC increased its position in Arrow Electronics by 1.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 6,577 shares of the technology company's stock valued at $683,000 after acquiring an additional 124 shares during the period. Hedge funds and other institutional investors own 99.34% of the company's stock.

Arrow Electronics Price Performance

Shares of NYSE ARW traded down $0.20 during trading on Monday, hitting $131.96. 262,434 shares of the company were exchanged, compared to its average volume of 558,816. The firm's fifty day moving average price is $123.38 and its 200 day moving average price is $113.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.43 and a quick ratio of 1.05. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 0.66 and a beta of 1.10. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.47 by $0.33. Arrow Electronics had a return on equity of 8.97% and a net margin of 1.40%. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.32 billion. During the same quarter in the previous year, the company earned $2.41 EPS. The company's quarterly revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Transactions at Arrow Electronics

In related news, insider Eric Nowak sold 4,952 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $122.39, for a total transaction of $606,075.28. Following the completion of the transaction, the insider owned 43,895 shares of the company's stock, valued at approximately $5,372,309.05. This represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 shares were sold at an average price of $124.64, for a total transaction of $331,542.40. Following the completion of the transaction, the senior vice president owned 17,057 shares in the company, valued at $2,125,984.48. The trade was a 13.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,070 shares of company stock valued at $1,116,062 in the last 90 days. 0.80% of the stock is currently owned by insiders.

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.