Fmr LLC Reduces Holdings in Arrow Electronics, Inc. (NYSE:ARW)

FMR LLC lowered its stake in Arrow Electronics, Inc. (NYSE:ARW) by 4.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 47,642 shares of the technology company’s stock after selling 2,388 shares during the period. FMR LLC owned 0.06% of Arrow Electronics worth $3,285,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Arrow Electronics by 6.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,742,170 shares of the technology company’s stock valued at $423,313,000 after buying an additional 370,095 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Arrow Electronics by 10.4% during the 4th quarter. Geode Capital Management LLC now owns 918,201 shares of the technology company’s stock valued at $63,269,000 after buying an additional 86,631 shares during the last quarter. Delphi Management Inc. MA boosted its stake in Arrow Electronics by 1.8% during the 4th quarter. Delphi Management Inc. MA now owns 29,227 shares of the technology company’s stock valued at $2,015,000 after purchasing an additional 521 shares during the period. Daiwa SB Investments Ltd. boosted its stake in Arrow Electronics by 12.3% during the 4th quarter. Daiwa SB Investments Ltd. now owns 2,740 shares of the technology company’s stock valued at $189,000 after purchasing an additional 300 shares during the period. Finally, Vanguard Group Inc boosted its stake in Arrow Electronics by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 7,937,507 shares of the technology company’s stock valued at $585,153,000 after purchasing an additional 70,647 shares during the period. 94.11% of the stock is owned by institutional investors.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Arrow Electronics from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. SunTrust Banks boosted their target price on shares of Arrow Electronics to $84.00 and gave the company a “hold” rating in a research note on Friday, February 8th. Bank of America lowered shares of Arrow Electronics from a “buy” rating to a “neutral” rating and set a $76.15 target price for the company. in a research note on Monday, May 6th. Stifel Nicolaus lowered shares of Arrow Electronics from a “buy” rating to a “hold” rating and set a $75.33 target price for the company. in a research note on Friday, February 1st. Finally, ValuEngine lowered shares of Arrow Electronics from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Arrow Electronics currently has an average rating of “Hold” and an average price target of $83.21.

In other news, Director Gail Hamilton sold 2,043 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $81.91, for a total value of $167,342.13. Following the completion of the sale, the director now directly owns 2 shares of the company’s stock, valued at approximately $163.82. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael J. Long sold 25,835 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $82.19, for a total transaction of $2,123,378.65. Following the completion of the sale, the chief executive officer now directly owns 381,028 shares of the company’s stock, valued at $31,316,691.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,272 shares of company stock valued at $3,303,989. Company insiders own 1.40% of the company’s stock.

Arrow Electronics stock traded down $1.75 during midday trading on Wednesday, reaching $66.41. 752,800 shares of the stock traded hands, compared to its average volume of 563,749. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of 7.52, a PEG ratio of 2.92 and a beta of 1.16. Arrow Electronics, Inc. has a fifty-two week low of $62.69 and a fifty-two week high of $86.62. The company has a quick ratio of 1.21, a current ratio of 1.74 and a debt-to-equity ratio of 0.65.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.06). The company had revenue of $7.16 billion during the quarter, compared to analyst estimates of $6.96 billion. Arrow Electronics had a return on equity of 14.46% and a net margin of 2.40%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.88 earnings per share. Research analysts expect that Arrow Electronics, Inc. will post 8.49 earnings per share for the current year.

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About Arrow Electronics

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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