Andra AP fonden reduced its stake in Arrow Electronics, Inc. (NYSE:ARW) by 5.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,800 shares of the technology company’s stock after selling 2,100 shares during the period. Andra AP fonden’s holdings in Arrow Electronics were worth $2,807,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisor Partners LLC raised its position in shares of Arrow Electronics by 2.6% in the second quarter. Advisor Partners LLC now owns 2,802 shares of the technology company’s stock valued at $220,000 after buying an additional 71 shares during the period. Breton Hill Capital Ltd. raised its position in shares of Arrow Electronics by 2.6% in the second quarter. Breton Hill Capital Ltd. now owns 3,900 shares of the technology company’s stock valued at $306,000 after buying an additional 100 shares during the period. Suntrust Banks Inc. raised its position in shares of Arrow Electronics by 1.9% in the first quarter. Suntrust Banks Inc. now owns 7,459 shares of the technology company’s stock valued at $547,000 after buying an additional 140 shares during the period. Brandes Investment Partners LP raised its position in shares of Arrow Electronics by 0.8% in the first quarter. Brandes Investment Partners LP now owns 20,206 shares of the technology company’s stock valued at $1,484,000 after buying an additional 155 shares during the period. Finally, Aviance Capital Partners LLC raised its position in shares of Arrow Electronics by 0.7% in the second quarter. Aviance Capital Partners LLC now owns 22,016 shares of the technology company’s stock valued at $1,726,000 after buying an additional 160 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Shares of Arrow Electronics, Inc. (NYSE ARW) opened at 79.14 on Friday. The stock has a 50 day moving average of $78.95 and a 200-day moving average of $75.75. Arrow Electronics, Inc. has a 52-week low of $58.51 and a 52-week high of $84.53. The stock has a market capitalization of $6.98 billion, a P/E ratio of 14.47 and a beta of 1.12.

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

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Several brokerages have commented on ARW. Zacks Investment Research upgraded shares of Arrow Electronics from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a report on Friday. Stifel Nicolaus upped their price objective on shares of Arrow Electronics from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, May 5th. BidaskClub lowered shares of Arrow Electronics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Deutsche Bank AG restated a “hold” rating and issued a $81.00 price objective (up from $76.00) on shares of Arrow Electronics in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Arrow Electronics currently has a consensus rating of “Hold” and a consensus price target of $76.83.

In related news, insider Sean J. Kerins sold 4,477 shares of Arrow Electronics stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $77.16, for a total value of $345,445.32. Following the completion of the sale, the insider now directly owns 26,213 shares in the company, valued at $2,022,595.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Michael J. Long sold 20,910 shares of Arrow Electronics stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $76.01, for a total value of $1,589,369.10. Following the completion of the sale, the chairman now owns 346,486 shares of the company’s stock, valued at $26,336,400.86. The disclosure for this sale can be found here. 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.

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

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