Cipher Capital LP Sells 4,100 Shares of Arrow Electronics, Inc. (ARW)
Cipher Capital LP cut its stake in Arrow Electronics, Inc. (NYSE:ARW) by 8.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,961 shares of the technology company’s stock after selling 4,100 shares during the quarter. Cipher Capital LP’s holdings in Arrow Electronics were worth $3,535,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Arrow Electronics by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 7,643,715 shares of the technology company’s stock worth $599,421,000 after acquiring an additional 164,059 shares during the last quarter. Boston Partners increased its stake in shares of Arrow Electronics by 0.7% in the 3rd quarter. Boston Partners now owns 5,921,683 shares of the technology company’s stock worth $476,163,000 after acquiring an additional 41,711 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Arrow Electronics by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,423,521 shares of the technology company’s stock worth $268,476,000 after acquiring an additional 18,653 shares during the last quarter. Longview Partners Guernsey LTD increased its stake in shares of Arrow Electronics by 5.1% in the 3rd quarter. Longview Partners Guernsey LTD now owns 2,936,104 shares of the technology company’s stock worth $236,092,000 after acquiring an additional 143,540 shares during the last quarter. Finally, LSV Asset Management increased its stake in shares of Arrow Electronics by 13.1% in the 2nd quarter. LSV Asset Management now owns 2,142,395 shares of the technology company’s stock worth $168,006,000 after acquiring an additional 248,373 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.
Shares of Arrow Electronics, Inc. (NYSE:ARW) traded down $0.85 during trading hours on Friday, hitting $77.63. The company had a trading volume of 676,709 shares, compared to its average volume of 518,396. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.57. The firm has a market cap of $6,829.34, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 0.92 and a beta of 1.20. Arrow Electronics, Inc. has a 1 year low of $65.51 and a 1 year high of $84.53.
Arrow Electronics (NYSE:ARW) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.82. The firm had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $6.58 billion. Arrow Electronics had a return on equity of 13.63% and a net margin of 2.00%. The company’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period last year, the company earned $1.56 EPS. sell-side analysts expect that Arrow Electronics, Inc. will post 7.35 EPS for the current year.
A number of analysts have issued reports on ARW shares. Zacks Investment Research downgraded Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $86.00 target price on shares of Arrow Electronics in a research note on Tuesday, September 12th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $81.00 target price (up from $76.00) on shares of Arrow Electronics in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Arrow Electronics presently has an average rating of “Hold” and an average target price of $83.25.
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In related news, SVP Matthew R. Anderson sold 1,416 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $79.00, for a total transaction of $111,864.00. Following the completion of the sale, the senior vice president now directly owns 1,416 shares of the company’s stock, valued at approximately $111,864. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sean J. Kerins sold 4,477 shares of the firm’s 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 sale, the insider now directly owns 26,213 shares of the company’s stock, valued at $2,022,595.08. The disclosure for this sale can be found here. Insiders have sold a total of 10,693 shares of company stock valued at $833,293 over the last three months. Corporate insiders own 1.20% of the company’s stock.
Arrow Electronics 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.
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