Natixis Advisors LLC Decreases Holdings in 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 cut its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 10.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,392 shares of the technology company's stock after selling 20,532 shares during the quarter. Natixis Advisors LLC owned approximately 0.32% of Arrow Electronics worth $17,484,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beverly Hills Private Wealth LLC grew its stake in Arrow Electronics by 4.2% during the first quarter. Beverly Hills Private Wealth LLC now owns 2,643 shares of the technology company's stock valued at $274,000 after acquiring an additional 106 shares in the last quarter. Net Worth Advisory Group lifted its holdings in Arrow Electronics by 1.8% in the first quarter. Net Worth Advisory Group now owns 6,724 shares of the technology company's stock valued at $698,000 after acquiring an additional 117 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Arrow Electronics by 2.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 4,887 shares of the technology company's stock valued at $507,000 after purchasing an additional 121 shares in the last quarter. Fulton Bank N.A. increased its stake in Arrow Electronics by 6.4% in the 1st quarter. Fulton Bank N.A. now owns 2,026 shares of the technology company's stock worth $210,000 after acquiring an additional 122 shares during the last quarter. Finally, SummerHaven Investment Management LLC lifted its stake in Arrow Electronics by 1.9% in the first quarter. SummerHaven Investment Management LLC now owns 6,577 shares of the technology company's stock worth $683,000 after purchasing an additional 124 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Arrow Electronics Trading Up 1.9%

Shares of ARW stock traded up $2.21 during trading hours on Thursday, reaching $118.42. The company had a trading volume of 397,888 shares, compared to its average volume of 553,953. The company has a 50 day moving average of $125.94 and a 200 day moving average of $115.29. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 0.56 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 1-year low of $86.50 and a 1-year high of $137.80.

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

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Arrow Electronics news, CEO Sean J. Kerins acquired 8,630 shares of the business's stock in a transaction dated Friday, August 1st. The stock was bought at an average price of $114.91 per share, with a total value of $991,673.30. Following the completion of the acquisition, the chief executive officer owned 122,408 shares of the company's stock, valued at $14,065,903.28. This trade represents a 7.58% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the company's 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 transaction, the senior vice president directly owned 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 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. 1.00% of the stock is currently owned by corporate insiders.

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.