May Hill Capital LLC Trims Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

May Hill Capital LLC trimmed its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 46.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,974 shares of the technology company's stock after selling 2,563 shares during the quarter. May Hill Capital LLC's holdings in Arrow Electronics were worth $309,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Arrow Electronics by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company's stock valued at $331,493,000 after acquiring an additional 91,310 shares in the last quarter. Boston Partners increased its position in Arrow Electronics by 14.8% during the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock valued at $280,138,000 after acquiring an additional 318,329 shares during the last quarter. Greenhaven Associates Inc. raised its position in Arrow Electronics by 0.5% in the first quarter. Greenhaven Associates Inc. now owns 1,913,757 shares of the technology company's stock worth $198,705,000 after acquiring an additional 8,900 shares during the period. Fiduciary Management Inc. WI grew its holdings in Arrow Electronics by 44.1% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock valued at $175,214,000 after purchasing an additional 473,909 shares during the period. Finally, Earnest Partners LLC lifted its stake in shares of Arrow Electronics by 5.5% during the 4th quarter. Earnest Partners LLC now owns 1,486,157 shares of the technology company's stock valued at $168,114,000 after buying an additional 77,396 shares in the last quarter. Institutional investors own 99.34% of the company's stock.

Wall Street Analyst Weigh In

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

Arrow Electronics Stock Performance

ARW stock opened at $130.35 on Tuesday. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 0.66 and a beta of 1.10. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80. The business's fifty day simple moving average is $121.80 and its two-hundred day simple moving average is $113.19. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.39.

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, beating 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 firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.32 billion. During the same quarter last year, the firm posted $2.41 earnings per share. The business's revenue for the quarter was down 1.6% on a year-over-year basis. Analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Insider Transactions at Arrow Electronics

In other news, Director Gail Hamilton sold 1,458 shares of the firm'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 owned 101 shares in the company, valued at $12,361.39. This trade represents a 93.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the stock in a transaction dated 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 owned 17,057 shares of the company's stock, valued at approximately $2,125,984.48. The trade was a 13.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,070 shares of company stock worth $1,116,062. Company insiders own 0.80% of the company's stock.

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.

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