Advisor Partners LLC raised its position in Arrow Electronics, Inc. (NYSE:ARW) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,802 shares of the technology company’s stock after buying an additional 71 shares during the period. Advisor Partners LLC’s holdings in Arrow Electronics were worth $220,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its position in shares of Arrow Electronics by 4,788.3% in the first quarter. BlackRock Inc. now owns 8,306,456 shares of the technology company’s stock worth $609,777,000 after buying an additional 8,136,530 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Arrow Electronics by 3.4% in the first quarter. Vanguard Group Inc. now owns 7,479,656 shares of the technology company’s stock worth $549,082,000 after buying an additional 247,598 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Arrow Electronics by 7.3% in the first quarter. Wellington Management Group LLP now owns 6,069,251 shares of the technology company’s stock worth $445,543,000 after buying an additional 415,098 shares during the last quarter. Boston Partners raised its position in shares of Arrow Electronics by 8.1% in the first quarter. Boston Partners now owns 5,864,925 shares of the technology company’s stock worth $430,544,000 after buying an additional 437,908 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Arrow Electronics by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,404,868 shares of the technology company’s stock worth $249,953,000 after buying an additional 159,064 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Shares of Arrow Electronics, Inc. (NYSE ARW) opened at 75.30 on Friday. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 13.77 and a beta of 1.13. Arrow Electronics, Inc. has a 52-week low of $58.52 and a 52-week high of $84.53. The company’s 50 day moving average is $80.00 and its 200 day moving average is $75.37.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $1.78 EPS for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.01. Arrow Electronics had a net margin of 2.01% and a return on equity of 13.52%. The business had revenue of $6.47 billion during the quarter, compared to analysts’ expectations of $6.23 billion. During the same quarter in the previous year, the company earned $1.65 EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Analysts anticipate that Arrow Electronics, Inc. will post $7.32 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Advisor Partners LLC Has $220,000 Stake in Arrow Electronics, Inc. (NYSE:ARW)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.watchlistnews.com/advisor-partners-llc-has-220000-stake-in-arrow-electronics-inc-nysearw/1480998.html.

ARW has been the topic of a number of analyst reports. Deutsche Bank AG restated a “hold” rating and set a $81.00 target price (up previously from $76.00) on shares of Arrow Electronics in a research report on Wednesday. Stifel Nicolaus increased their target price on shares of Arrow Electronics from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. BidaskClub lowered shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of Arrow Electronics from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Wednesday, July 19th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $77.17.

In other Arrow Electronics news, insider Mary Catherine Morris sold 9,692 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $75.07, for a total value of $727,578.44. Following the completion of the transaction, the insider now owns 21,570 shares of the company’s stock, valued at approximately $1,619,259.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Sean J. Kerins sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $75.99, for a total transaction of $227,970.00. Following the completion of the transaction, the insider now directly owns 21,736 shares of the company’s stock, valued at approximately $1,651,718.64. The disclosure for this sale can be found here. In the last three months, insiders sold 18,452 shares of company stock valued at $1,392,099. Corporate insiders own 1.20% of the company’s stock.

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.

Want to see what other hedge funds are holding ARW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arrow Electronics, Inc. (NYSE:ARW).

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

Receive News & Ratings for Arrow Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Electronics Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.