LSV Asset Management Has $229.56 Million Stake in Arrow Electronics, Inc. (NYSE:ARW)

Key Points

• LSV Asset Management has reduced its stake in Arrow Electronics by 2.5%, now holding over 2.2 million shares valued at approximately $229.6 million.
• Other institutional investors have increased their holdings significantly, with notable increases including a 111.7% rise from Golden State Wealth Management and a 300.5% increase from Lindbrook Capital.
• Analysts have mixed ratings on Arrow Electronics, with an overall average rating of "Hold" and a price target of $115.75, despite a recent increase in earnings per share that surpassed estimates.

LSV Asset Management trimmed its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 2.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,210,962 shares of the technology company's stock after selling 57,638 shares during the period. LSV Asset Management owned about 4.26% of Arrow Electronics worth $229,564,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its position in Arrow Electronics by 111.7% in the 1st quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company's stock valued at $39,000 after buying an additional 200 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Arrow Electronics in the 4th quarter valued at $47,000. Exchange Traded Concepts LLC acquired a new position in shares of Arrow Electronics in the 1st quarter valued at $120,000. Lindbrook Capital LLC lifted its stake in shares of Arrow Electronics by 300.5% in the 1st quarter. Lindbrook Capital LLC now owns 1,550 shares of the technology company's stock valued at $161,000 after purchasing an additional 1,163 shares during the period. Finally, Headlands Technologies LLC lifted its stake in shares of Arrow Electronics by 110.3% in the 4th quarter. Headlands Technologies LLC now owns 1,455 shares of the technology company's stock valued at $165,000 after purchasing an additional 763 shares during the period. 99.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $124.64, for a total value 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. This trade represents a 13.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric Nowak sold 4,952 shares of the firm's 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 owned 43,895 shares of the company's stock, 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 have sold 9,070 shares of company stock worth $1,116,062 over the last 90 days. 0.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on ARW. Bank of America increased their price target on Arrow Electronics from $105.00 to $110.00 and gave the company an "underperform" rating in a research note on Monday, June 9th. Wall Street Zen raised Arrow Electronics from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $115.75.

Arrow Electronics Stock Down 1.3%

ARW stock traded down $1.52 during trading hours on Wednesday, reaching $116.16. 482,193 shares of the stock were exchanged, compared to its average volume of 552,956. The firm's 50-day moving average is $125.99 and its 200-day moving average is $115.28. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 0.55 and a beta of 1.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.39 and a quick ratio of 1.07. Arrow Electronics, Inc. has a 12 month low of $86.50 and a 12 month high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The technology company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.40. The company had revenue of $7.58 billion during the quarter, compared to analysts' expectations of $7.12 billion. Arrow Electronics had a return on equity of 8.37% and a net margin of 1.64%. Arrow Electronics's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.78 EPS. On average, equities research analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Arrow Electronics 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.