Shell Asset Management Co. decreased its position in Arrow Electronics, Inc. (NYSE:ARW) by 24.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,160 shares of the technology company’s stock after selling 1,952 shares during the period. Shell Asset Management Co.’s holdings in Arrow Electronics were worth $454,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ARW. JPMorgan Chase & Co. grew its holdings in Arrow Electronics by 6.9% in the third quarter. JPMorgan Chase & Co. now owns 5,742,170 shares of the technology company’s stock valued at $423,313,000 after purchasing an additional 370,095 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Arrow Electronics by 141.4% during the second quarter. Wells Fargo & Company MN now owns 405,703 shares of the technology company’s stock valued at $30,541,000 after acquiring an additional 237,644 shares during the last quarter. DNB Asset Management AS boosted its stake in shares of Arrow Electronics by 28.6% during the third quarter. DNB Asset Management AS now owns 577,978 shares of the technology company’s stock valued at $42,609,000 after acquiring an additional 128,466 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Arrow Electronics by 0.7% during the third quarter. BlackRock Inc. now owns 8,616,168 shares of the technology company’s stock valued at $635,183,000 after acquiring an additional 57,158 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Arrow Electronics by 9.2% during the second quarter. Bank of America Corp DE now owns 636,989 shares of the technology company’s stock valued at $47,954,000 after acquiring an additional 53,462 shares during the last quarter. 93.23% of the stock is currently owned by institutional investors.

In related news, insider Charles Kostalnick II sold 700 shares of the stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $74.37, for a total transaction of $52,059.00. Following the transaction, the insider now directly owns 12,780 shares in the company, valued at $950,448.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mary Catherine Morris sold 13,016 shares of the stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $75.00, for a total value of $976,200.00. Following the transaction, the insider now owns 26,093 shares in the company, valued at $1,956,975. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

ARW has been the topic of a number of analyst reports. Citigroup raised Arrow Electronics from a “sell” rating to a “neutral” rating in a research note on Friday, October 26th. Zacks Investment Research lowered Arrow Electronics from a “hold” rating to a “sell” rating in a research note on Friday, October 26th. Finally, ValuEngine raised Arrow Electronics from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Arrow Electronics presently has an average rating of “Buy” and an average target price of $86.00.

ARW opened at $71.72 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.63. The firm has a market cap of $6.51 billion, a P/E ratio of 9.49, a P/E/G ratio of 0.96 and a beta of 1.17. Arrow Electronics, Inc. has a 52 week low of $64.04 and a 52 week high of $87.26.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, November 1st. The technology company reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.02. The business had revenue of $7.49 billion for the quarter, compared to analyst estimates of $7.40 billion. Arrow Electronics had a return on equity of 15.12% and a net margin of 1.84%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 earnings per share. Equities analysts predict that Arrow Electronics, Inc. will post 8.82 earnings per share for the current fiscal year.

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Arrow Electronics Company Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. The company operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment markets and distributes semiconductor products and related services; passive, electro-mechanical, and interconnect products consisting primarily of capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other products and services.

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

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