First Trust Advisors LP decreased its position in Arrow Electronics, Inc. (NYSE:ARW) by 29.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 171,141 shares of the technology company’s stock after selling 73,088 shares during the quarter. First Trust Advisors LP owned 0.19% of Arrow Electronics worth $13,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Arrow Electronics by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 7,643,715 shares of the technology company’s stock worth $599,421,000 after purchasing an additional 164,059 shares during the period. Boston Partners boosted its holdings in shares of Arrow Electronics by 0.3% in the 2nd quarter. Boston Partners now owns 5,879,972 shares of the technology company’s stock worth $461,107,000 after purchasing an additional 15,047 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Arrow Electronics by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,423,521 shares of the technology company’s stock worth $268,476,000 after purchasing an additional 18,653 shares during the period. Longview Partners Guernsey LTD boosted its holdings in shares of Arrow Electronics by 4.3% in the 2nd quarter. Longview Partners Guernsey LTD now owns 2,792,564 shares of the technology company’s stock worth $218,993,000 after purchasing an additional 116,338 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of Arrow Electronics by 13.1% in the 2nd quarter. LSV Asset Management now owns 2,142,395 shares of the technology company’s stock worth $168,006,000 after purchasing an additional 248,373 shares during the period. 93.33% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on ARW shares. Zacks Investment Research upgraded Arrow Electronics from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a report on Thursday, August 24th. BidaskClub cut Arrow Electronics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $86.00 target price on shares of Arrow Electronics in a report on Tuesday, September 12th. Finally, 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 report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $83.25.

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Arrow Electronics, Inc. (ARW) opened at $78.44 on Wednesday. Arrow Electronics, Inc. has a 1-year low of $59.87 and a 1-year high of $84.53. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $6,873.33, a price-to-earnings ratio of 11.07, a P/E/G ratio of 0.93 and a beta of 1.20.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.82 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.82. Arrow Electronics had a return on equity of 13.63% and a net margin of 2.00%. The company had revenue of $6.95 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter in the previous year, the business earned $1.56 EPS. Arrow Electronics’s revenue was up 17.1% compared to the same quarter last year. equities analysts expect that Arrow Electronics, Inc. will post 7.35 earnings per share for the current year.

In other Arrow Electronics news, insider Sean J. Kerins sold 4,477 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $77.16, for a total value of $345,445.32. Following the completion of the sale, the insider now directly owns 26,213 shares in the company, valued at approximately $2,022,595.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Michael J. Long sold 20,910 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $76.01, for a total value of $1,589,369.10. Following the completion of the sale, the chairman now owns 346,486 shares of the company’s stock, valued at $26,336,400.86. The disclosure for this sale can be found here. 1.20% of the stock is 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 various electronic components and enterprise computing solutions suppliers.

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

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