Boston Partners decreased its position in Arrow Electronics, Inc. (NYSE:ARW) by 8.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,821,060 shares of the technology company’s stock after selling 361,975 shares during the period. Boston Partners owned 4.36% of Arrow Electronics worth $287,649,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ARW. Daiwa Securities Group Inc. boosted its position in shares of Arrow Electronics by 28.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 3,150 shares of the technology company’s stock worth $243,000 after purchasing an additional 700 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Arrow Electronics by 3.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 23,700 shares of the technology company’s stock worth $1,784,000 after purchasing an additional 700 shares during the period. Mason Street Advisors LLC boosted its position in shares of Arrow Electronics by 1.6% during the 1st quarter. Mason Street Advisors LLC now owns 44,054 shares of the technology company’s stock worth $3,393,000 after purchasing an additional 713 shares during the period. US Bancorp DE boosted its position in shares of Arrow Electronics by 7.1% during the 1st quarter. US Bancorp DE now owns 10,889 shares of the technology company’s stock worth $838,000 after purchasing an additional 725 shares during the period. Finally, Boyer & Corporon Wealth Management LLC boosted its position in shares of Arrow Electronics by 1.9% during the 1st quarter. Boyer & Corporon Wealth Management LLC now owns 38,010 shares of the technology company’s stock worth $2,928,000 after purchasing an additional 727 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

Arrow Electronics opened at $78.10 on Friday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.69 and a quick ratio of 1.17. The company has a market cap of $6.71 billion, a P/E ratio of 9.13, a P/E/G ratio of 0.92 and a beta of 1.08. Arrow Electronics, Inc. has a fifty-two week low of $72.31 and a fifty-two week high of $87.26.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, August 2nd. The technology company reported $2.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.15 by $0.05. The firm had revenue of $7.39 billion during the quarter, compared to analysts’ expectations of $7.25 billion. Arrow Electronics had a net margin of 1.72% and a return on equity of 14.81%. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the company posted $1.78 EPS. equities analysts forecast that Arrow Electronics, Inc. will post 8.88 EPS for the current year.

In other Arrow Electronics news, SVP Gretchen Zech sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $77.00, for a total value of $346,500.00. Following the completion of the transaction, the senior vice president now owns 21,814 shares of the company’s stock, valued at approximately $1,679,678. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew R. Anderson sold 1,785 shares of the firm’s stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $74.16, for a total transaction of $132,375.60. Following the completion of the transaction, the senior vice president now directly owns 13,050 shares of the company’s stock, valued at approximately $967,788. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

ARW has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Arrow Electronics from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Tuesday, July 17th. Stifel Nicolaus lowered their price objective on shares of Arrow Electronics from $92.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, May 4th. Pivotal Research set a $98.00 price objective on shares of Arrow Electronics and gave the stock a “buy” rating in a research report on Saturday, May 5th. Finally, Deutsche Bank lowered their price objective on shares of Arrow Electronics from $81.00 to $77.00 and set a “hold” rating for the company in a research report on Friday, May 4th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Arrow Electronics has a consensus rating of “Buy” and a consensus target price of $88.17.

Arrow Electronics Profile

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.

See Also: Marijuana Stocks Investing Considerations

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

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