Vanguard Group Inc. Has $759.32 Million Position in Arrow Electronics, Inc. (NYSE:ARW)

Vanguard Group Inc. trimmed its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,211,217 shares of the technology company's stock after selling 193,330 shares during the period. Vanguard Group Inc. owned about 11.54% of Arrow Electronics worth $759,321,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of Arrow Electronics in the fourth quarter valued at about $618,000. Neo Ivy Capital Management acquired a new position in Arrow Electronics during the fourth quarter worth approximately $395,000. Speece Thorson Capital Group Inc. grew its position in shares of Arrow Electronics by 1.6% in the fourth quarter. Speece Thorson Capital Group Inc. now owns 117,073 shares of the technology company's stock valued at $14,312,000 after purchasing an additional 1,900 shares during the last quarter. Oracle Alpha Inc. acquired a new position in shares of Arrow Electronics in the fourth quarter valued at approximately $372,000. Finally, Bragg Financial Advisors Inc grew its position in Arrow Electronics by 0.8% during the fourth quarter. Bragg Financial Advisors Inc now owns 121,573 shares of the technology company's stock worth $14,862,000 after buying an additional 906 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group increased their price target on Arrow Electronics from $116.00 to $132.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 28th.

Arrow Electronics Trading Up 0.3 %

Arrow Electronics stock traded up $0.32 during trading hours on Friday, reaching $126.77. 1,990,238 shares of the company's stock were exchanged, compared to its average volume of 383,529. The company has a quick ratio of 1.07, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The firm's 50 day simple moving average is $128.45 and its 200 day simple moving average is $122.55. The firm has a market capitalization of $6.75 billion, a PE ratio of 9.97 and a beta of 1.30. Arrow Electronics, Inc. has a twelve month low of $108.51 and a twelve month high of $147.42.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported $2.41 EPS for the quarter, topping analysts' consensus estimates of $2.37 by $0.04. The company had revenue of $6.92 billion for the quarter, compared to analysts' expectations of $7.08 billion. Arrow Electronics had a net margin of 2.28% and a return on equity of 14.61%. Arrow Electronics's revenue was down 20.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.60 EPS. Research analysts predict that Arrow Electronics, Inc. will post 10.37 earnings per share for the current year.

Insider Activity

In related news, Director Andrew Charles Kerin sold 1,520 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $131.66, for a total value of $200,123.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Gail Hamilton sold 2,987 shares of Arrow Electronics stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $132.59, for a total transaction of $396,046.33. Following the completion of the transaction, the director now directly owns 102 shares in the company, valued at $13,524.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew Charles Kerin sold 1,520 shares of Arrow Electronics stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $131.66, for a total transaction of $200,123.20. The disclosure for this sale can be found here. Insiders sold 5,976 shares of company stock worth $788,183 in the last three months. Corporate insiders own 1.00% of the company's stock.

Arrow Electronics Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.