Greenhaven Associates Inc. Increases Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Greenhaven Associates Inc. raised its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,913,757 shares of the technology company's stock after purchasing an additional 8,900 shares during the quarter. Arrow Electronics makes up approximately 3.2% of Greenhaven Associates Inc.'s portfolio, making the stock its 9th largest holding. Greenhaven Associates Inc. owned 3.69% of Arrow Electronics worth $198,705,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in shares of Arrow Electronics by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company's stock worth $331,493,000 after acquiring an additional 91,310 shares in the last quarter. Boston Partners raised its stake 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 during the period. Fiduciary Management Inc. WI lifted its holdings in 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 in the last quarter. Earnest Partners LLC boosted its stake in Arrow Electronics by 5.5% in the 4th quarter. Earnest Partners LLC now owns 1,486,157 shares of the technology company's stock worth $168,114,000 after purchasing an additional 77,396 shares during the period. Finally, Lyrical Asset Management LP grew its holdings in Arrow Electronics by 0.7% during the 4th 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. Hedge funds and other institutional investors own 99.34% of the company's stock.

Arrow Electronics Trading Down 0.7%

Shares of NYSE ARW traded down $0.80 during mid-day trading on Friday, hitting $118.47. The stock had a trading volume of 539,357 shares, compared to its average volume of 493,344. The business has a 50 day moving average price of $109.52 and a two-hundred day moving average price of $112.06. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46. The firm has a market cap of $6.15 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 0.52 and a beta of 1.10.

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 for the quarter, topping analysts' consensus estimates of $1.47 by $0.33. Arrow Electronics had a return on equity of 9.69% 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 period last year, the company earned $2.41 EPS. The business's quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director William F. Austen acquired 1,900 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $104.12 per share, with a total value of $197,828.00. Following the transaction, the director now owns 7,858 shares in the company, valued at $818,174.96. The trade was a 31.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gail Hamilton sold 1,458 shares of the company's stock in a transaction that occurred 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 owns 101 shares in the company, valued at $12,361.39. This trade represents a 93.52% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

ARW has been the topic of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a report on Friday, February 7th. Bank of America lowered shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th.

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.