Russell Investments Group Ltd. reduced its position in Arrow Electronics, Inc. (NYSE:ARW) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,157 shares of the technology company’s stock after selling 5,169 shares during the period. Russell Investments Group Ltd.’s holdings in Arrow Electronics were worth $15,230,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ARW. BlackRock Inc. raised its stake in Arrow Electronics by 4,788.3% in the first quarter. BlackRock Inc. now owns 8,306,456 shares of the technology company’s stock worth $609,777,000 after buying an additional 8,136,530 shares during the last quarter. Vanguard Group Inc. raised its stake in Arrow Electronics by 3.4% in the first quarter. Vanguard Group Inc. now owns 7,479,656 shares of the technology company’s stock worth $549,082,000 after buying an additional 247,598 shares during the last quarter. Wellington Management Group LLP raised its stake in Arrow Electronics by 7.3% in the first quarter. Wellington Management Group LLP now owns 6,069,251 shares of the technology company’s stock worth $445,543,000 after buying an additional 415,098 shares during the last quarter. Boston Partners raised its stake in Arrow Electronics by 8.1% in the first quarter. Boston Partners now owns 5,864,925 shares of the technology company’s stock worth $430,544,000 after buying an additional 437,908 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Arrow Electronics by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,404,868 shares of the technology company’s stock worth $249,953,000 after buying an additional 159,064 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Arrow Electronics, Inc. (NYSE:ARW) traded down 1.41% during mid-day trading on Thursday, reaching $76.05. The company’s stock had a trading volume of 140,733 shares. Arrow Electronics, Inc. has a 12-month low of $58.52 and a 12-month high of $84.53. The firm’s 50 day moving average price is $80.11 and its 200 day moving average price is $75.35. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 13.91 and a beta of 1.13.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, August 3rd. The technology company reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.01. Arrow Electronics had a return on equity of 13.52% and a net margin of 2.01%. The company had revenue of $6.47 billion for the quarter, compared to the consensus estimate of $6.23 billion. During the same quarter in the previous year, the business earned $1.65 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts predict that Arrow Electronics, Inc. will post $7.27 earnings per share for the current year.

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ARW has been the topic of a number of recent analyst reports. Deutsche Bank AG reiterated a “hold” rating and issued a $81.00 target price (up previously from $76.00) on shares of Arrow Electronics in a research note on Wednesday. Stifel Nicolaus increased their target price on Arrow Electronics from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday, May 15th. BidaskClub lowered Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Zacks Investment Research upgraded Arrow Electronics from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research note on Wednesday, July 19th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $77.17.

In other Arrow Electronics news, insider Mary Catherine Morris sold 9,692 shares of Arrow Electronics stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $75.07, for a total value of $727,578.44. Following the sale, the insider now owns 21,570 shares in the company, valued at $1,619,259.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sean J. Kerins sold 3,000 shares of Arrow Electronics stock in a transaction on Monday, May 15th. The shares were sold at an average price of $75.99, for a total value of $227,970.00. Following the completion of the sale, the insider now owns 21,736 shares in the company, valued at approximately $1,651,718.64. The disclosure for this sale can be found here. Insiders sold 18,452 shares of company stock worth $1,392,099 in the last 90 days. Company insiders own 1.20% of the company’s stock.

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

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