GoodHaven Capital Management LLC Boosts Holdings in Arrow Electronics, Inc. (NYSE:ARW)

GoodHaven Capital Management LLC raised its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 60.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,688 shares of the technology company’s stock after buying an additional 33,383 shares during the quarter. Arrow Electronics comprises approximately 3.1% of GoodHaven Capital Management LLC’s holdings, making the stock its 13th largest position. GoodHaven Capital Management LLC owned about 0.17% of Arrow Electronics worth $9,208,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ARW. UMB Bank n.a. grew its stake in Arrow Electronics by 15.6% during the first quarter. UMB Bank n.a. now owns 3,328 shares of the technology company’s stock valued at $346,000 after acquiring an additional 449 shares in the last quarter. Sendero Wealth Management LLC grew its position in shares of Arrow Electronics by 17.2% during the first quarter. Sendero Wealth Management LLC now owns 8,843 shares of the technology company’s stock valued at $918,000 after purchasing an additional 1,296 shares in the last quarter. Fulton Bank N.A. grew its position in shares of Arrow Electronics by 6.4% during the first quarter. Fulton Bank N.A. now owns 2,026 shares of the technology company’s stock valued at $210,000 after purchasing an additional 122 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of Arrow Electronics in the first quarter worth about $288,000. Finally, GAMMA Investing LLC lifted its position in shares of Arrow Electronics by 31,181.6% in the first quarter. GAMMA Investing LLC now owns 269,647 shares of the technology company’s stock worth $279,970,000 after buying an additional 268,785 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Stock Performance

NYSE:ARW opened at $122.06 on Monday. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 0.52 and a beta of 1.09. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80. The stock’s 50 day simple moving average is $111.07 and its two-hundred day simple moving average is $112.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.33. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.32 billion. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. Arrow Electronics’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted $2.41 earnings per share. As a group, equities analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Arrow Electronics

In related news, Director Gail Hamilton sold 1,458 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $122.39, for a total transaction of $178,444.62. Following the sale, the director now owns 101 shares in the company, valued at approximately $12,361.39. This represents a 93.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Eric Nowak sold 4,952 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $122.39, for a total transaction of $606,075.28. Following the transaction, the insider now owns 43,895 shares in the company, valued at $5,372,309.05. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

About Arrow Electronics

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.