Natixis Advisors LLC Sells 20,532 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Key Points

• Natixis Advisors LLC reduced its stake in Arrow Electronics by 10.9%, selling 20,532 shares, and now holds 168,392 shares valued at approximately $17.48 million.
• Arrow Electronics' shares have received mixed ratings from analysts, with an average rating of "Hold" and a price target of $115.75, while Bank of America recently increased their target from $105 to $110.
• The company's recent quarterly earnings report showed a 10% year-over-year revenue increase to $7.58 billion and earnings per share of $2.43, exceeding expectations by $0.40.

Natixis Advisors LLC reduced its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 10.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 168,392 shares of the technology company's stock after selling 20,532 shares during the period. Natixis Advisors LLC owned about 0.32% of Arrow Electronics worth $17,484,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ARW. FMR LLC increased its position in shares of Arrow Electronics by 208.8% in the 4th quarter. FMR LLC now owns 1,343,090 shares of the technology company's stock valued at $151,930,000 after purchasing an additional 908,185 shares during the last quarter. Bank of America Corp DE increased its position in shares of Arrow Electronics by 163.7% in the 4th quarter. Bank of America Corp DE now owns 1,176,527 shares of the technology company's stock valued at $133,089,000 after purchasing an additional 730,408 shares during the last quarter. Fiduciary Management Inc. WI increased its position in shares of Arrow Electronics by 44.1% in the 4th 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 last quarter. GAMMA Investing LLC increased its position in shares of Arrow Electronics by 31,181.6% in the 1st quarter. GAMMA Investing LLC now owns 269,647 shares of the technology company's stock valued at $279,970,000 after purchasing an additional 268,785 shares during the last quarter. Finally, ARGA Investment Management LP boosted its holdings in shares of Arrow Electronics by 273.3% in the 1st quarter. ARGA Investment Management LP now owns 293,561 shares of the technology company's stock valued at $30,480,000 after buying an additional 214,926 shares in the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arrow Electronics

In related news, SVP Carine Lamercie Jean-Claude sold 2,660 shares of Arrow Electronics 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 sale, the senior vice president directly owned 17,057 shares in the company, valued at $2,125,984.48. This trade represents a 13.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric Nowak sold 4,952 shares of Arrow Electronics stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $122.39, for a total value of $606,075.28. Following the completion of the sale, the insider owned 43,895 shares of the company's stock, valued at approximately $5,372,309.05. The trade was a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,070 shares of company stock valued at $1,116,062. Company insiders own 0.80% of the company's stock.

Arrow Electronics Stock Performance

Arrow Electronics stock traded up $1.50 during mid-day trading on Tuesday, reaching $117.61. The company's stock had a trading volume of 489,528 shares, compared to its average volume of 486,548. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 0.55 and a beta of 1.10. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $125.99 and a 200-day moving average price of $115.28.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The technology company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.03 by $0.40. The firm had revenue of $7.58 billion for the quarter, compared to analysts' expectations of $7.12 billion. Arrow Electronics had a net margin of 1.64% and a return on equity of 8.37%. Arrow Electronics's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.78 earnings per share. Sell-side analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ARW has been the subject of a number of recent research reports. Bank of America increased their price target on shares of Arrow Electronics from $105.00 to $110.00 and gave the stock an "underperform" rating in a research note on Monday, June 9th. Wall Street Zen upgraded shares of Arrow Electronics from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $115.75.

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.