IBM Retirement Fund lowered its position in Arrow Electronics, Inc. (NYSE:ARW) by 7.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,511 shares of the company’s stock after selling 672 shares during the period. IBM Retirement Fund’s holdings in Arrow Electronics were worth $544,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Denali Advisors LLC raised its position in Arrow Electronics by 22.9% in the third quarter. Denali Advisors LLC now owns 88,104 shares of the company’s stock worth $5,636,000 after buying an additional 16,404 shares in the last quarter. Regentatlantic Capital LLC raised its position in shares of Arrow Electronics by 7.8% in the third quarter. Regentatlantic Capital LLC now owns 40,424 shares of the company’s stock worth $2,586,000 after buying an additional 2,934 shares in the last quarter. Malaga Cove Capital LLC bought a new position in shares of Arrow Electronics during the third quarter worth approximately $1,220,000. Bank of Montreal Can raised its position in shares of Arrow Electronics by 0.4% in the third quarter. Bank of Montreal Can now owns 71,306 shares of the company’s stock worth $4,561,000 after buying an additional 250 shares in the last quarter. Finally, CenturyLink Investment Management Co raised its position in shares of Arrow Electronics by 3.6% in the third quarter. CenturyLink Investment Management Co now owns 23,913 shares of the company’s stock worth $1,530,000 after buying an additional 827 shares in the last quarter. 95.06% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Arrow Electronics (NYSE:ARW)

Arrow Electronics, Inc. (NYSE:ARW) traded up 0.93% during mid-day trading on Friday, reaching $73.81. 222,555 shares of the company were exchanged. The company’s 50 day moving average price is $71.37 and its 200-day moving average price is $65.75. Arrow Electronics, Inc. has a 12-month low of $45.23 and a 12-month high of $74.41. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 13.27 and a beta of 1.28.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.05. Arrow Electronics had a net margin of 2.14% and a return on equity of 13.95%. The company earned $5.94 billion during the quarter, compared to the consensus estimate of $5.86 billion. During the same quarter last year, the firm posted $1.40 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that Arrow Electronics, Inc. will post $6.67 earnings per share for the current fiscal year.

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A number of brokerages have recently commented on ARW. Zacks Investment Research raised shares of Arrow Electronics from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Wednesday. SunTrust Banks, Inc. lowered shares of Arrow Electronics from a “buy” rating to a “hold” rating and upped their price objective for the company from $72.00 to $74.00 in a research report on Tuesday, January 3rd. Goldman Sachs Group, Inc. (The) lowered shares of Arrow Electronics from a “buy” rating to a “neutral” rating and cut their price objective for the company from $72.00 to $63.00 in a research report on Tuesday, September 20th. Brean Capital set a $70.00 price objective on shares of Arrow Electronics and gave the company a “buy” rating in a research report on Sunday, November 6th. Finally, reaffirmed an “outperform” rating on shares of Arrow Electronics in a research report on Friday, November 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $66.71.

In other news, insider Sean J. Kerins sold 4,000 shares of Arrow Electronics stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $62.00, for a total value of $248,000.00. Following the completion of the transaction, the insider now owns 20,609 shares of the company’s stock, valued at approximately $1,277,758. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mary Catherine Morris sold 8,000 shares of Arrow Electronics stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $67.78, for a total transaction of $542,240.00. Following the completion of the transaction, the insider now directly owns 22,166 shares of the company’s stock, valued at approximately $1,502,411.48. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Arrow Electronics Company Profile

Arrow Electronics, Inc is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from electronic components and enterprise computing solutions suppliers, coupled with a range of services, solutions and tools for industrial and commercial customers.

5 Day Chart for NYSE:ARW

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