NGAM Advisors L.P. increased its stake in Arrow Electronics, Inc. (NYSE:ARW) by 1.9% during the second quarter, Holdings Channel reports. The firm owned 34,311 shares of the technology company’s stock after buying an additional 628 shares during the period. NGAM Advisors L.P.’s holdings in Arrow Electronics were worth $2,691,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Longview Partners Guernsey LTD raised its position in shares of Arrow Electronics by 4.3% in the second quarter. Longview Partners Guernsey LTD now owns 2,792,564 shares of the technology company’s stock valued at $218,993,000 after buying an additional 116,338 shares during the period. Aviance Capital Partners LLC raised its position in shares of Arrow Electronics by 0.7% in the second quarter. Aviance Capital Partners LLC now owns 22,016 shares of the technology company’s stock valued at $1,726,000 after buying an additional 160 shares during the period. ING Groep NV bought a new position in shares of Arrow Electronics during the second quarter valued at $848,000. Regentatlantic Capital LLC raised its position in shares of Arrow Electronics by 0.6% in the second quarter. Regentatlantic Capital LLC now owns 43,103 shares of the technology company’s stock valued at $3,380,000 after buying an additional 260 shares during the period. Finally, Breton Hill Capital Ltd. raised its position in shares of Arrow Electronics by 2.6% in the second quarter. Breton Hill Capital Ltd. now owns 3,900 shares of the technology company’s stock valued at $306,000 after buying an additional 100 shares during the period. 94.45% of the stock is owned by institutional investors.

Arrow Electronics, Inc. (NYSE ARW) opened at 75.30 on Friday. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 13.77 and a beta of 1.13. Arrow Electronics, Inc. has a 1-year low of $58.52 and a 1-year high of $84.53. The stock has a 50 day moving average of $80.00 and a 200 day moving average of $75.37.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data 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 net margin of 2.01% and a return on equity of 13.52%. The company had revenue of $6.47 billion during the quarter, compared to the consensus estimate of $6.23 billion. During the same quarter in the prior year, the company posted $1.65 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities analysts expect that Arrow Electronics, Inc. will post $7.32 earnings per share for the current year.

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Several brokerages have weighed in on ARW. Deutsche Bank AG reaffirmed a “hold” rating and set a $81.00 target price (up previously from $76.00) on shares of Arrow Electronics in a research note on Wednesday. BidaskClub lowered shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised shares of Arrow Electronics from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus raised their price objective on shares of Arrow Electronics from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $77.17.

In related news, insider Mary Catherine Morris sold 9,692 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $75.07, for a total transaction of $727,578.44. Following the completion of the sale, the insider now owns 21,570 shares of the company’s stock, valued at approximately $1,619,259.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vincent P. Melvin sold 5,760 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $75.79, for a total transaction of $436,550.40. Following the sale, the insider now directly owns 22,213 shares of the company’s stock, valued at approximately $1,683,523.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,452 shares of company stock valued at $1,392,099. Corporate 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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