Vanguard Group Inc. Trims Stake in Arrow Electronics, Inc. (NYSE:ARW)

Vanguard Group Inc. lessened its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,952,619 shares of the technology company's stock after selling 155,204 shares during the quarter. Vanguard Group Inc. owned 11.48% of Arrow Electronics worth $618,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Golden State Wealth Management LLC boosted its holdings in Arrow Electronics by 111.7% in the first quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company's stock worth $39,000 after purchasing an additional 200 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Arrow Electronics during the 1st quarter valued at about $120,000. Lindbrook Capital LLC grew its stake in shares of Arrow Electronics by 300.5% during the 1st quarter. Lindbrook Capital LLC now owns 1,550 shares of the technology company's stock valued at $161,000 after purchasing an additional 1,163 shares during the period. Forum Financial Management LP grew its stake in shares of Arrow Electronics by 8.7% during the 4th quarter. Forum Financial Management LP now owns 1,872 shares of the technology company's stock valued at $212,000 after purchasing an additional 150 shares during the period. Finally, Simon Quick Advisors LLC bought a new stake in shares of Arrow Electronics during the 1st quarter valued at about $203,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Insider Transactions at Arrow Electronics

In related news, CEO Sean J. Kerins purchased 8,630 shares of Arrow Electronics stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of $114.91 per share, for a total transaction of $991,673.30. Following the completion of the transaction, the chief executive officer owned 122,408 shares in the company, valued at $14,065,903.28. The trade was a 7.58% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the firm'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 directly owned 17,057 shares in the company, valued at approximately $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. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

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

Arrow Electronics Stock Down 1.7%

Shares of ARW traded down $2.09 during midday trading on Friday, reaching $123.77. 311,510 shares of the stock were exchanged, compared to its average volume of 539,667. Arrow Electronics, Inc. has a 52 week low of $86.50 and a 52 week high of $137.80. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The company's 50 day moving average is $126.37 and its two-hundred day moving average is $115.50. The company has a market capitalization of $6.37 billion, a P/E ratio of 14.00, a PEG ratio of 0.59 and a beta of 1.10.

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

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.