Arrow Electronics, Inc. (NYSE:ARW) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 14.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,015 shares of the technology company's stock after buying an additional 6,459 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.10% of Arrow Electronics worth $5,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Truist Financial Corp increased its stake in Arrow Electronics by 16.5% during the fourth quarter. Truist Financial Corp now owns 5,225 shares of the technology company's stock worth $591,000 after acquiring an additional 741 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Arrow Electronics by 26.5% during the 4th quarter. IFP Advisors Inc now owns 630 shares of the technology company's stock worth $71,000 after purchasing an additional 132 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of Arrow Electronics by 1.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company's stock worth $539,000 after purchasing an additional 89 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Arrow Electronics in the 4th quarter valued at about $1,971,000. Finally, Parkside Financial Bank & Trust lifted its position in Arrow Electronics by 24.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company's stock valued at $64,000 after buying an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Insiders Place Their Bets

In related news, insider Eric Nowak sold 4,952 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $122.39, for a total transaction of $606,075.28. Following the completion of the transaction, the insider directly 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 transaction was disclosed in a document filed 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 stock was sold at an average price of $124.64, for a total value of $331,542.40. Following the sale, the senior vice president owned 17,057 shares in the company, valued at approximately $2,125,984.48. This trade represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,070 shares of company stock worth $1,116,062 in the last ninety days. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Arrow Electronics Trading Up 0.2%

Shares of NYSE ARW traded up $0.23 during trading on Friday, reaching $132.17. The stock had a trading volume of 240,850 shares, compared to its average volume of 488,851. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.05 and a current ratio of 1.43. The company has a market cap of $6.86 billion, a P/E ratio of 18.21, a PEG ratio of 0.66 and a beta of 1.10. Arrow Electronics, Inc. has a fifty-two week low of $86.50 and a fifty-two week high of $137.80. The business's 50-day moving average price is $121.45 and its 200-day moving average price is $113.11.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.33. The company had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.32 billion. Arrow Electronics had a return on equity of 8.97% and a net margin of 1.40%. Arrow Electronics's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the business posted $2.41 EPS. On average, equities research analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal 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.