SG Americas Securities LLC Acquires Shares of 3,433 Arrow Electronics, Inc. (NYSE:ARW)

SG Americas Securities LLC bought a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,433 shares of the technology company's stock, valued at approximately $356,000.

A number of other hedge funds have also recently made changes to their positions in ARW. GAMMA Investing LLC grew its stake in Arrow Electronics by 201.3% during the first quarter. GAMMA Investing LLC now owns 2,597 shares of the technology company's stock valued at $270,000 after acquiring an additional 1,735 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Arrow Electronics by 28.9% during the 1st quarter. Harbor Capital Advisors Inc. now owns 23,407 shares of the technology company's stock valued at $2,430,000 after purchasing an additional 5,242 shares during the last quarter. Pallas Capital Advisors LLC purchased a new position in shares of Arrow Electronics during the first quarter valued at about $249,000. GoodHaven Capital Management LLC increased its holdings in shares of Arrow Electronics by 60.4% in the first quarter. GoodHaven Capital Management LLC now owns 88,688 shares of the technology company's stock worth $9,208,000 after purchasing an additional 33,383 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Arrow Electronics by 15.6% in the first quarter. UMB Bank n.a. now owns 3,328 shares of the technology company's stock worth $346,000 after buying an additional 449 shares in the last quarter. Institutional investors own 99.34% of the company's stock.

Insider Activity at Arrow Electronics

In related news, insider Eric Nowak sold 4,952 shares of Arrow Electronics stock in a transaction that occurred 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 now directly owns 43,895 shares in the company, valued at approximately $5,372,309.05. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were 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 now directly owns 17,057 shares of the company's stock, valued at $2,125,984.48. The trade was a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,070 shares of company stock valued at $1,116,062 over the last 90 days. Insiders own 1.00% of the company's stock.

Arrow Electronics Trading Down 0.8%

Shares of Arrow Electronics stock traded down $1.00 during trading on Friday, hitting $127.28. The stock had a trading volume of 561,875 shares, compared to its average volume of 488,137. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.43 and a quick ratio of 1.05. Arrow Electronics, Inc. has a 12 month low of $86.50 and a 12 month high of $137.80. The stock has a market cap of $6.60 billion, a PE ratio of 17.53, a PEG ratio of 0.64 and a beta of 1.09. The firm's fifty day simple moving average is $119.16 and its 200-day simple moving average is $112.76.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.33. The firm had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.32 billion. Arrow Electronics had a net margin of 1.40% and a return on equity of 8.97%. The company's revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.41 EPS. As a group, sell-side analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.