SG Americas Securities LLC Buys New Shares in Arrow Electronics, Inc. (NYSE:ARW)

SG Americas Securities LLC purchased a new stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 3,433 shares of the technology company's stock, valued at approximately $356,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. GAMMA Investing LLC boosted its holdings in shares of Arrow Electronics by 201.3% in the 1st quarter. GAMMA Investing LLC now owns 2,597 shares of the technology company's stock valued at $270,000 after buying an additional 1,735 shares during the period. Harbor Capital Advisors Inc. boosted its stake in 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 period. Pallas Capital Advisors LLC acquired a new position in Arrow Electronics during the 1st quarter valued at about $249,000. GoodHaven Capital Management LLC boosted its stake in Arrow Electronics by 60.4% during the 1st quarter. GoodHaven Capital Management LLC now owns 88,688 shares of the technology company's stock valued at $9,208,000 after purchasing an additional 33,383 shares during the period. Finally, UMB Bank n.a. boosted its stake in Arrow Electronics by 15.6% during the 1st quarter. UMB Bank n.a. now owns 3,328 shares of the technology company's stock valued at $346,000 after purchasing an additional 449 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.

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 company an "underperform" rating in a research note on Monday, June 9th.

Insider Transactions at Arrow Electronics

In other news, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the company'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 sale, the senior vice president now directly owns 17,057 shares of the company's stock, valued at approximately $2,125,984.48. This represents a 13.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eric Nowak sold 4,952 shares of the company'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 transaction of $606,075.28. Following the completion of the sale, the insider now directly owns 43,895 shares of the company's stock, valued at approximately $5,372,309.05. This represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders 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 down $1.00 during midday trading on Friday, reaching $127.28. 561,875 shares of the stock traded hands, compared to its average volume of 487,691. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average price of $119.16 and a two-hundred day moving average price of $112.62. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 0.63 and a beta of 1.09. Arrow Electronics, Inc. has a fifty-two week low of $86.50 and a fifty-two week high of $137.80.

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

About Arrow Electronics

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.