Arrow Electronics, Inc. (NYSE:ARW) Shares Acquired by GoodHaven Capital Management LLC

GoodHaven Capital Management LLC raised its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 60.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,688 shares of the technology company's stock after purchasing an additional 33,383 shares during the quarter. Arrow Electronics comprises approximately 3.1% of GoodHaven Capital Management LLC's holdings, making the stock its 13th biggest holding. GoodHaven Capital Management LLC owned approximately 0.17% of Arrow Electronics worth $9,208,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. acquired a new position in Arrow Electronics in the fourth quarter valued at $25,000. Brown Brothers Harriman & Co. acquired a new position in shares of Arrow Electronics in the 4th quarter valued at about $31,000. New Age Alpha Advisors LLC purchased a new stake in shares of Arrow Electronics during the 4th quarter worth about $47,000. Principal Securities Inc. increased its position in Arrow Electronics by 35.7% during the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock worth $54,000 after purchasing an additional 126 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in Arrow Electronics during the 4th quarter worth approximately $55,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Arrow Electronics Stock Down 0.7%

Shares of ARW stock traded down $0.82 during trading hours on Thursday, reaching $123.59. The company had a trading volume of 331,934 shares, compared to its average volume of 494,508. The company has a market capitalization of $6.41 billion, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 0.52 and a beta of 1.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80. The stock's fifty day simple moving average is $112.67 and its 200 day simple moving average is $112.40.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.33. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. The company had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.32 billion. During the same quarter last year, the company earned $2.41 earnings per share. Arrow Electronics's revenue for the quarter was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Insider Activity

In other news, 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 sale, the senior vice president now owns 17,057 shares of the company's stock, valued at approximately $2,125,984.48. This trade represents a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gail Hamilton sold 1,458 shares of Arrow Electronics stock in a transaction on Monday, May 12th. The stock was sold at an average price of $122.39, for a total transaction of $178,444.62. Following the completion of the sale, the director now owns 101 shares of the company's stock, valued at approximately $12,361.39. This trade represents a 93.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,070 shares of company stock worth $1,116,062 over the last ninety days. Corporate insiders own 1.00% of the company's stock.

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.