Fifth Third Bancorp Has $2.20 Million Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Fifth Third Bancorp decreased its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,210 shares of the technology company's stock after selling 2,100 shares during the period. Fifth Third Bancorp's holdings in Arrow Electronics were worth $2,202,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its position in shares of Arrow Electronics by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 498,907 shares of the technology company's stock worth $56,436,000 after acquiring an additional 14,971 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Arrow Electronics by 0.9% during the fourth quarter. Victory Capital Management Inc. now owns 20,669 shares of the technology company's stock valued at $2,338,000 after buying an additional 192 shares in the last quarter. Wellington Management Group LLP boosted its position in Arrow Electronics by 4.3% during the fourth quarter. Wellington Management Group LLP now owns 4,100 shares of the technology company's stock worth $464,000 after purchasing an additional 168 shares during the period. Truist Financial Corp increased its stake in shares of Arrow Electronics by 16.5% in the fourth quarter. Truist Financial Corp now owns 5,225 shares of the technology company's stock worth $591,000 after purchasing an additional 741 shares during the period. Finally, Graham Capital Management L.P. bought a new stake in shares of Arrow Electronics in the fourth quarter valued at approximately $234,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Gail Hamilton sold 1,458 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $122.39, for a total value of $178,444.62. Following the transaction, the director now directly owns 101 shares in the company, valued at $12,361.39. This trade represents a 93.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Eric Nowak sold 4,952 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 $606,075.28. Following the completion of the transaction, the insider now directly owns 43,895 shares in the company, valued at $5,372,309.05. The trade was a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,070 shares of company stock valued at $1,116,062 over the last ninety days. Insiders own 0.80% of the company's stock.

Arrow Electronics Price Performance

Shares of ARW traded up $0.02 during trading hours on Wednesday, hitting $124.16. The stock had a trading volume of 180,393 shares, compared to its average volume of 493,887. Arrow Electronics, Inc. has a 52 week low of $86.50 and a 52 week high of $137.80. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 0.62 and a beta of 1.09. The company's fifty day moving average is $115.06 and its two-hundred day moving average is $112.44. 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 (NYSE:ARW - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.33. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.32 billion. Arrow Electronics had a net margin of 1.40% and a return on equity of 8.97%. The company's revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.41 EPS. On average, analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, 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 research report on Monday, June 9th.

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.