AQR Capital Management LLC increased its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 4.3% during the first quarter, Holdings Channel reports. The institutional investor owned 2,437,581 shares of the technology company’s stock after buying an additional 101,413 shares during the period. AQR Capital Management LLC owned approximately 2.74% of Arrow Electronics worth $178,942,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. increased its stake in Arrow Electronics by 18.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 545,220 shares of the technology company’s stock worth $38,874,000 after buying an additional 84,282 shares in the last quarter. Norges Bank bought a new stake in Arrow Electronics during the fourth quarter worth approximately $68,623,000. Reilly Financial Advisors LLC increased its stake in Arrow Electronics by 3.6% in the first quarter. Reilly Financial Advisors LLC now owns 112,584 shares of the technology company’s stock worth $8,265,000 after buying an additional 3,865 shares in the last quarter. Regentatlantic Capital LLC increased its stake in Arrow Electronics by 5.3% in the first quarter. Regentatlantic Capital LLC now owns 42,843 shares of the technology company’s stock worth $3,145,000 after buying an additional 2,144 shares in the last quarter. Finally, Comerica Bank increased its stake in Arrow Electronics by 3.7% in the fourth quarter. Comerica Bank now owns 67,606 shares of the technology company’s stock worth $4,990,000 after buying an additional 2,430 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

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

Shares of Arrow Electronics, Inc. (NYSE:ARW) traded up 0.65% during midday trading on Friday, hitting $77.12. The company’s stock had a trading volume of 550,763 shares. The company has a market cap of $6.85 billion, a P/E ratio of 13.28 and a beta of 1.08. Arrow Electronics, Inc. has a 1-year low of $58.51 and a 1-year high of $78.23. The company has a 50-day moving average price of $75.19 and a 200 day moving average price of $73.10.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.02. The company had revenue of $5.76 billion for the quarter, compared to the consensus estimate of $5.58 billion. Arrow Electronics had a return on equity of 13.59% and a net margin of 2.20%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 EPS. On average, equities research analysts predict that Arrow Electronics, Inc. will post $7.11 EPS for the current year.

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A number of equities research analysts recently commented on ARW shares. Zacks Investment Research upgraded Arrow Electronics from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Tuesday, April 11th. Stifel Nicolaus upped their price objective on Arrow Electronics from $80.00 to $84.00 and gave the company a “buy” rating in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $71.17.

In other news, insider Sean J. Kerins sold 3,000 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $75.99, for a total value of $227,970.00. Following the transaction, the insider now directly owns 21,736 shares of the company’s stock, valued at approximately $1,651,718.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vincent P. Melvin sold 5,760 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $75.79, for a total value of $436,550.40. Following the completion of the transaction, the insider now directly owns 22,213 shares in the company, valued at $1,683,523.27. The disclosure for this sale can be found here. Insiders sold a total of 28,233 shares of company stock worth $2,148,561 over the last three months. 1.20% of the stock is owned by company insiders.

About Arrow Electronics

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 various electronic components and enterprise computing solutions suppliers.

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