Pitcairn Co. maintained its position in shares of Arrow Electronics, Inc. (NYSE:ARW) during the second quarter, Holdings Channel reports. The institutional investor owned 3,408 shares of the technology company’s stock at the end of the second quarter. Pitcairn Co.’s holdings in Arrow Electronics were worth $267,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ARW. New Amsterdam Partners LLC NY increased its position in shares of Arrow Electronics by 537.2% in the second quarter. New Amsterdam Partners LLC NY now owns 42,132 shares of the technology company’s stock worth $3,304,000 after buying an additional 35,520 shares in the last quarter. First Trust Advisors LP increased its position in shares of Arrow Electronics by 3.8% in the second quarter. First Trust Advisors LP now owns 244,229 shares of the technology company’s stock worth $19,152,000 after buying an additional 9,039 shares in the last quarter. Arizona State Retirement System increased its position in shares of Arrow Electronics by 1.4% in the second quarter. Arizona State Retirement System now owns 37,500 shares of the technology company’s stock worth $2,941,000 after buying an additional 500 shares in the last quarter. Boston Partners increased its position in shares of Arrow Electronics by 0.3% in the second quarter. Boston Partners now owns 5,879,972 shares of the technology company’s stock worth $461,107,000 after buying an additional 15,047 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Arrow Electronics by 4.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 359,888 shares of the technology company’s stock worth $28,223,000 after buying an additional 14,976 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Arrow Electronics, Inc. (NYSE:ARW) opened at 75.98 on Thursday. Arrow Electronics, Inc. has a one year low of $58.51 and a one year high of $84.53. The company’s 50 day moving average price is $79.74 and its 200-day moving average price is $75.45. The company has a market cap of $6.71 billion, a P/E ratio of 13.89 and a beta of 1.13.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $1.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.01. The firm had revenue of $6.47 billion during the quarter, compared to analyst estimates of $6.23 billion. Arrow Electronics had a return on equity of 13.52% and a net margin of 2.01%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.65 EPS. On average, analysts forecast that Arrow Electronics, Inc. will post $7.32 EPS for the current fiscal year.

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A number of equities analysts recently commented on the company. BidaskClub downgraded Arrow Electronics from a “hold” rating to a “sell” rating in a report on Tuesday. Deutsche Bank AG restated a “hold” rating and set a $81.00 target price (up previously from $76.00) on shares of Arrow Electronics in a report on Wednesday, August 9th. Zacks Investment Research upgraded Arrow Electronics from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a report on Wednesday, July 19th. Finally, Stifel Nicolaus upped their target price on Arrow Electronics from $80.00 to $84.00 and gave the company a “buy” rating in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $77.17.

In other news, Chairman Michael J. Long sold 20,910 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $76.01, for a total value of $1,589,369.10. Following the completion of the transaction, the chairman now directly owns 346,486 shares of the company’s stock, valued at approximately $26,336,400.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mary Catherine Morris sold 9,692 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $75.07, for a total value of $727,578.44. Following the completion of the transaction, the insider now directly owns 21,570 shares of the company’s stock, valued at $1,619,259.90. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

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 various electronic components and enterprise computing solutions suppliers.

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

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