Longview Partners Guernsey LTD lowered its stake in Arrow Electronics Inc. (NYSE:ARW) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,850,104 shares of the company’s stock after selling 45,880 shares during the period. Arrow Electronics makes up 1.2% of Longview Partners Guernsey LTD’s portfolio, making the stock its 23rd largest position. Longview Partners Guernsey LTD owned approximately 3.11% of Arrow Electronics worth $176,421,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in shares of Arrow Electronics by 41.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,037,103 shares of the company’s stock valued at $66,800,000 after buying an additional 304,909 shares during the period. James Investment Research Inc. increased its stake in shares of Arrow Electronics by 56.5% in the second quarter. James Investment Research Inc. now owns 589,284 shares of the company’s stock valued at $36,476,000 after buying an additional 212,808 shares during the period. Barclays PLC increased its stake in shares of Arrow Electronics by 1,172.6% in the first quarter. Barclays PLC now owns 215,067 shares of the company’s stock valued at $13,764,000 after buying an additional 198,167 shares during the period. State Street Corp increased its stake in shares of Arrow Electronics by 5.9% in the first quarter. State Street Corp now owns 3,371,433 shares of the company’s stock valued at $217,158,000 after buying an additional 188,760 shares during the period. Finally, Kiltearn Partners LLP increased its stake in shares of Arrow Electronics by 9.4% in the first quarter. Kiltearn Partners LLP now owns 1,612,400 shares of the company’s stock valued at $103,855,000 after buying an additional 138,100 shares during the period. Institutional investors and hedge funds own 93.61% of the company’s stock.

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

Shares of Arrow Electronics Inc. (NYSE:ARW) traded down 0.05% on Monday, hitting $62.11. 347,615 shares of the stock were exchanged. The company has a market cap of $5.67 billion, a P/E ratio of 11.44 and a beta of 1.49. Arrow Electronics Inc. has a one year low of $45.23 and a one year high of $68.07. The firm’s 50-day moving average is $63.69 and its 200-day moving average is $63.99.

Arrow Electronics (NYSE:ARW) last released its earnings results on Tuesday, August 2nd. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.64 by $0.01. Arrow Electronics had a net margin of 2.13% and a return on equity of 13.94%. The business earned $5.97 billion during the quarter, compared to analyst estimates of $6.04 billion. During the same period in the prior year, the business earned $1.54 earnings per share. The business’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities analysts forecast that Arrow Electronics Inc. will post $6.65 EPS for the current fiscal year.

ARW has been the subject of several recent research reports. Goldman Sachs Group Inc. downgraded shares of Arrow Electronics from a “conviction-buy” rating to a “buy” rating in a research note on Thursday, July 7th. SunTrust Banks Inc. restated a “buy” rating on shares of Arrow Electronics in a research report on Saturday, June 25th. Brean Capital set a $70.00 price objective on shares of Arrow Electronics and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Zacks Investment Research downgraded shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Friday, July 8th. Finally, Citigroup Inc. raised their price objective on shares of Arrow Electronics from $48.00 to $57.00 and gave the company a “sell” rating in a research report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $63.33.

In related news, insider Vincent P. Melvin sold 2,531 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $66.39, for a total value of $168,033.09. Following the completion of the sale, the insider now owns 17,149 shares in the company, valued at approximately $1,138,522.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Gregory Tarpinian sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $66.40, for a total transaction of $66,400.00. Following the completion of the sale, the general counsel now owns 6,099 shares of the company’s stock, valued at approximately $404,973.60. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

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 electronic components and enterprise computing solutions suppliers, coupled with a range of services, solutions and tools for industrial and commercial customers.

5 Day Chart for NYSE:ARW

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