KBC Group NV decreased its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 11.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,639 shares of the technology company’s stock after selling 11,406 shares during the quarter. KBC Group NV owned 0.10% of Arrow Electronics worth $7,288,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Thrivent Financial For Lutherans lifted its stake in Arrow Electronics by 2,948.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 513,673 shares of the technology company’s stock valued at $40,283,000 after buying an additional 496,823 shares in the last quarter. LSV Asset Management lifted its stake in Arrow Electronics by 13.1% in the 2nd quarter. LSV Asset Management now owns 2,142,395 shares of the technology company’s stock valued at $168,006,000 after buying an additional 248,373 shares in the last quarter. Prudential Financial Inc. lifted its stake in Arrow Electronics by 57.9% in the 2nd quarter. Prudential Financial Inc. now owns 465,233 shares of the technology company’s stock valued at $36,483,000 after buying an additional 170,570 shares in the last quarter. Vanguard Group Inc. lifted its stake in Arrow Electronics by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 7,643,715 shares of the technology company’s stock valued at $599,421,000 after buying an additional 164,059 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Arrow Electronics by 11.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,373,934 shares of the technology company’s stock valued at $107,744,000 after buying an additional 144,908 shares in the last quarter. 91.78% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently issued reports on ARW. Zacks Investment Research lowered Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $86.00 target price on shares of Arrow Electronics in a research note on Tuesday, September 12th. Deutsche Bank reaffirmed 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, August 9th. Finally, BidaskClub downgraded Arrow Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $83.25.
Arrow Electronics, Inc. (NYSE ARW) opened at $77.74 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $6,836.38, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 0.93 and a beta of 1.18. Arrow Electronics, Inc. has a twelve month low of $68.55 and a twelve month high of $84.53.
Arrow Electronics (NYSE:ARW) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.82 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.82. The company had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $6.58 billion. Arrow Electronics had a return on equity of 13.63% and a net margin of 2.00%. Arrow Electronics’s revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.56 EPS. equities research analysts anticipate that Arrow Electronics, Inc. will post 7.35 earnings per share for the current fiscal year.
In other news, Director Gail Hamilton sold 4,800 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $78.33, for a total transaction of $375,984.00. Following the completion of the sale, the director now directly owns 91 shares in the company, valued at approximately $7,128.03. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sean J. Kerins sold 3,816 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $78.87, for a total value of $300,967.92. Following the sale, the insider now owns 25,552 shares of the company’s stock, valued at $2,015,286.24. The disclosure for this sale can be found here. Insiders sold a total of 10,032 shares of company stock valued at $788,816 over the last quarter. 1.20% of the stock is currently owned by insiders.
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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.
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