Quantbot Technologies LP acquired a new stake in Arrow Electronics, Inc. (NYSE:ARW) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 21,752 shares of the technology company’s stock, valued at approximately $1,749,000.

Several other institutional investors and hedge funds have also modified their holdings of ARW. Teachers Advisors LLC grew its position in shares of Arrow Electronics by 13.4% in the 1st quarter. Teachers Advisors LLC now owns 155,355 shares of the technology company’s stock valued at $11,405,000 after purchasing an additional 18,416 shares during the period. Capstone Asset Management Co. grew its position in shares of Arrow Electronics by 4.8% in the 2nd quarter. Capstone Asset Management Co. now owns 11,525 shares of the technology company’s stock valued at $904,000 after purchasing an additional 530 shares during the period. Meeder Asset Management Inc. grew its position in shares of Arrow Electronics by 34.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 3,451 shares of the technology company’s stock valued at $270,000 after purchasing an additional 887 shares during the period. Mn Services Vermogensbeheer B.V. grew its position in shares of Arrow Electronics by 510.3% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 14,280 shares of the technology company’s stock valued at $1,120,000 after purchasing an additional 11,940 shares during the period. Finally, LS Investment Advisors LLC grew its position in shares of Arrow Electronics by 13.8% in the 2nd quarter. LS Investment Advisors LLC now owns 9,573 shares of the technology company’s stock valued at $751,000 after purchasing an additional 1,164 shares during the period. Institutional investors and hedge funds own 93.13% of the company’s stock.

ARW has been the subject of several research analyst reports. Deutsche Bank AG reiterated a “hold” rating and issued a $81.00 price objective (up from $76.00) on shares of Arrow Electronics in a research report on Wednesday, August 9th. BidaskClub lowered Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $86.00 price target on shares of Arrow Electronics in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Arrow Electronics currently has a consensus rating of “Hold” and an average price target of $83.25.

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In other Arrow Electronics news, insider Sean J. Kerins sold 4,477 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $77.16, for a total transaction of $345,445.32. Following the completion of the transaction, the insider now owns 26,213 shares of the company’s stock, valued at approximately $2,022,595.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Matthew R. Anderson sold 1,416 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $79.00, for a total value of $111,864.00. Following the transaction, the senior vice president now directly owns 1,416 shares of the company’s stock, valued at approximately $111,864. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,693 shares of company stock valued at $833,293. Insiders own 1.20% of the company’s stock.

Arrow Electronics, Inc. (NYSE ARW) opened at $77.63 on Friday. Arrow Electronics, Inc. has a 12-month low of $65.51 and a 12-month high of $84.53. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.13 and a current ratio of 1.58. The firm has a market capitalization of $6,829.34, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 0.92 and a beta of 1.20.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.82. Arrow Electronics had a return on equity of 13.63% and a net margin of 2.00%. The firm had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the prior year, the firm posted $1.56 EPS. The business’s revenue was up 17.1% on a year-over-year basis. sell-side analysts expect that Arrow Electronics, Inc. will post 7.35 earnings per share for the current year.

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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