State of Wisconsin Investment Board lowered its stake in shares of Arrow Electronics Inc. (NYSE:ARW) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,237 shares of the company’s stock after selling 2,300 shares during the period. State of Wisconsin Investment Board owned approximately 0.06% of Arrow Electronics worth $3,725,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Speece Thorson Capital Group Inc. raised its position in shares of Arrow Electronics by 1.0% in the third quarter. Speece Thorson Capital Group Inc. now owns 211,953 shares of the company’s stock valued at $13,559,000 after buying an additional 1,999 shares in the last quarter. Capital One National Association increased its stake in Arrow Electronics by 11.8% in the third quarter. Capital One National Association now owns 29,346 shares of the company’s stock valued at $1,877,000 after buying an additional 3,106 shares during the last quarter. World Asset Management Inc increased its stake in Arrow Electronics by 25.2% in the third quarter. World Asset Management Inc now owns 7,444 shares of the company’s stock valued at $476,000 after buying an additional 1,496 shares during the last quarter. First Citizens Bank & Trust Co. increased its stake in Arrow Electronics by 1.4% in the third quarter. First Citizens Bank & Trust Co. now owns 8,704 shares of the company’s stock valued at $557,000 after buying an additional 118 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Arrow Electronics by 4.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 290,292 shares of the company’s stock valued at $18,570,000 after buying an additional 13,194 shares during the last quarter. Hedge funds and other institutional investors own 95.26% of the company’s stock.

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

Arrow Electronics Inc. (NYSE:ARW) traded up 0.25% on Tuesday, hitting $68.40. 384,573 shares of the stock were exchanged. Arrow Electronics Inc. has a 12 month low of $45.23 and a 12 month high of $68.94. The company has a 50-day moving average of $63.24 and a 200-day moving average of $64.13. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 12.29 and a beta of 1.23.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.05. Arrow Electronics had a net margin of 2.14% and a return on equity of 13.95%. The company earned $5.94 billion during the quarter, compared to analysts’ expectations of $5.86 billion. During the same period last year, the company posted $1.40 EPS. Arrow Electronics’s revenue was up 4.2% on a year-over-year basis. On average, equities analysts predict that Arrow Electronics Inc. will post $6.63 EPS for the current year.

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ARW has been the subject of several recent research reports. reissued an “outperform” rating on shares of Arrow Electronics in a research report on Friday, November 4th. Brean Capital set a $70.00 target price on shares of Arrow Electronics and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Goldman Sachs Group Inc. downgraded shares of Arrow Electronics from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $72.00 to $63.00 in a research report on Tuesday, September 20th. Finally, Citigroup Inc. boosted their target price on shares of Arrow Electronics from $48.00 to $57.00 and gave the stock a “sell” rating in a research report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $63.33.

In related news, insider Sean J. Kerins sold 4,000 shares of Arrow Electronics stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $62.00, for a total transaction of $248,000.00. Following the completion of the transaction, the insider now directly owns 20,609 shares of the company’s stock, valued at approximately $1,277,758. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mary Catherine Morris sold 8,000 shares of Arrow Electronics stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $67.78, for a total transaction of $542,240.00. Following the transaction, the insider now directly owns 22,166 shares of the company’s stock, valued at $1,502,411.48. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

About Arrow Electronics

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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