Mercer Global Advisors Inc. ADV Acquires Shares of 4,882 Arrow Electronics, Inc. (NYSE:ARW)

Mercer Global Advisors Inc. ADV acquired a new position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,882 shares of the technology company's stock, valued at approximately $552,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Meixler Investment Management Ltd. boosted its stake in shares of Arrow Electronics by 2.6% in the 4th quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company's stock valued at $387,000 after purchasing an additional 88 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Arrow Electronics by 1.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company's stock worth $539,000 after buying an additional 89 shares in the last quarter. Ironwood Investment Management LLC lifted its position in Arrow Electronics by 0.4% during the 4th quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company's stock worth $2,550,000 after buying an additional 100 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Arrow Electronics by 24.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company's stock worth $64,000 after buying an additional 112 shares in the last quarter. Finally, Principal Securities Inc. lifted its position in Arrow Electronics by 35.7% during the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock worth $54,000 after buying an additional 126 shares in the last quarter. Institutional investors own 99.34% of the company's stock.

Arrow Electronics Trading Up 1.1%

Shares of ARW stock traded up $1.29 on Friday, reaching $121.88. The company had a trading volume of 491,402 shares, compared to its average volume of 492,060. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The stock has a market cap of $6.32 billion, a PE ratio of 16.74, a PEG ratio of 0.52 and a beta of 1.10. The company has a 50-day moving average of $106.87 and a 200-day moving average of $112.02. Arrow Electronics, Inc. has a 12 month low of $86.50 and a 12 month high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.33. The company had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.32 billion. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. Arrow Electronics's revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.41 EPS. On average, equities analysts forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ARW has been the topic of several research reports. Wells Fargo & Company reduced their price target on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a research report on Friday, February 7th. Bank of America cut Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Arrow Electronics currently has an average rating of "Hold" and a consensus target price of $121.25.

Insider Buying and Selling

In other news, Director Gail Hamilton sold 1,458 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $122.39, for a total value of $178,444.62. Following the completion of the sale, the director now owns 101 shares of the company's stock, valued at approximately $12,361.39. This represents a 93.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Eric Nowak sold 4,952 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $122.39, for a total value 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. The trade was a 10.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,763 shares of company stock valued at $824,095. 1.00% of the stock is owned by corporate insiders.

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.