Vanguard Group Inc. Has $618.06 Million Stake in Arrow Electronics, Inc. $ARW

Vanguard Group Inc. lessened its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 2.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,952,619 shares of the technology company's stock after selling 155,204 shares during the period. Vanguard Group Inc. owned 11.48% of Arrow Electronics worth $618,060,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ARW. Bank of America Corp DE raised its position in Arrow Electronics by 163.7% in the fourth quarter. Bank of America Corp DE now owns 1,176,527 shares of the technology company's stock worth $133,089,000 after acquiring an additional 730,408 shares in the last quarter. Fiduciary Management Inc. WI grew its stake 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 worth $175,214,000 after purchasing an additional 473,909 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 worth $279,970,000 after purchasing an additional 268,785 shares in the last quarter. ARGA Investment Management LP lifted its stake in Arrow Electronics by 273.3% during the first quarter. ARGA Investment Management LP now owns 293,561 shares of the technology company's stock valued at $30,480,000 after purchasing an additional 214,926 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in Arrow Electronics during the fourth quarter valued at approximately $14,435,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Arrow Electronics Stock Up 0.3%

Shares of Arrow Electronics stock traded up $0.43 during trading on Monday, hitting $124.14. 60,169 shares of the stock traded hands, compared to its average volume of 547,011. The company has a fifty day moving average price of $126.37 and a two-hundred day moving average price of $115.49. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80. The stock has a market cap of $6.39 billion, a P/E ratio of 14.05, a PEG ratio of 0.59 and a beta of 1.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.39.

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, topping the consensus estimate of $2.03 by $0.40. Arrow Electronics had a net margin of 1.64% and a return on equity of 8.37%. The company had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the firm posted $2.78 earnings per share. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. Equities research analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Insider Activity

In other news, CEO Sean J. Kerins purchased 8,630 shares of the company's stock in a transaction dated Friday, August 1st. The shares were bought at an average price of $114.91 per share, with a total value of $991,673.30. Following the completion of the transaction, the chief executive officer directly owned 122,408 shares in the company, valued at $14,065,903.28. This trade represents a 7.58% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the 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 directly owned 17,057 shares of the company's stock, valued at $2,125,984.48. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company's stock.

Analysts Set New Price Targets

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

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.