Wealthquest Corp Makes New Investment in Arrow Electronics, Inc. (NYSE:ARW)

Wealthquest Corp purchased a new position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,446 shares of the technology company's stock, valued at approximately $372,000.

Several other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of Arrow Electronics by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company's stock worth $331,493,000 after acquiring an additional 91,310 shares during the last quarter. Boston Partners grew its position in shares of Arrow Electronics by 14.8% during the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock worth $280,138,000 after acquiring an additional 318,329 shares during the last quarter. Greenhaven Associates Inc. grew its position in shares of Arrow Electronics by 0.5% during the first quarter. Greenhaven Associates Inc. now owns 1,913,757 shares of the technology company's stock worth $198,705,000 after acquiring an additional 8,900 shares during the last quarter. Fiduciary Management Inc. WI grew its position in shares of Arrow Electronics by 44.1% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock worth $175,214,000 after acquiring an additional 473,909 shares during the last quarter. Finally, Earnest Partners LLC grew its position in shares of Arrow Electronics by 5.5% during the fourth quarter. Earnest Partners LLC now owns 1,486,157 shares of the technology company's stock worth $168,114,000 after acquiring an additional 77,396 shares during the last quarter. Institutional investors own 99.34% of the company's stock.

Insider Buying and Selling

In other news, insider Eric Nowak sold 4,952 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were 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 owns 43,895 shares in the company, valued at approximately $5,372,309.05. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gail Hamilton sold 1,458 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $122.39, for a total transaction of $178,444.62. Following the transaction, the director now owns 101 shares of the company's stock, valued at approximately $12,361.39. This trade represents a 93.52% decrease in their position. 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. 1.00% of the stock is currently owned by company insiders.

Arrow Electronics Price Performance

ARW stock traded up $1.51 during trading on Thursday, hitting $128.51. The company had a trading volume of 353,905 shares, compared to its average volume of 488,018. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 0.63 and a beta of 1.09. The business has a 50 day moving average of $118.13 and a 200 day moving average of $112.67. Arrow Electronics, Inc. has a fifty-two week low of $86.50 and a fifty-two week high of $137.80. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.39.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.32 billion. Arrow Electronics had a net margin of 1.40% and a return on equity of 8.97%. The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.41 earnings per share. As a group, research analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Analysts Set New Price Targets

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

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.