Robeco Institutional Asset Management B.V. continued to hold its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,408 shares of the technology company’s stock at the end of the second quarter. Robeco Institutional Asset Management B.V.’s holdings in Arrow Electronics were worth $110,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. NEXT Financial Group Inc raised its position in Arrow Electronics by 776.0% during the second quarter. NEXT Financial Group Inc now owns 2,190 shares of the technology company’s stock valued at $172,000 after purchasing an additional 1,940 shares in the last quarter. Meeder Asset Management Inc. raised its position in Arrow Electronics by 11.0% during the first quarter. Meeder Asset Management Inc. now owns 2,564 shares of the technology company’s stock valued at $188,000 after purchasing an additional 255 shares in the last quarter. Nordea Investment Management AB raised its position in Arrow Electronics by 87.2% during the first quarter. Nordea Investment Management AB now owns 2,680 shares of the technology company’s stock valued at $197,000 after purchasing an additional 1,248 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in Arrow Electronics during the first quarter valued at approximately $213,000. Finally, Advisor Partners LLC raised its position in Arrow Electronics by 2.6% during the second quarter. Advisor Partners LLC now owns 2,802 shares of the technology company’s stock valued at $220,000 after purchasing an additional 71 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Shares of Arrow Electronics, Inc. (NYSE:ARW) opened at 77.96 on Tuesday. The company has a market cap of $6.88 billion, a PE ratio of 14.25 and a beta of 1.12. Arrow Electronics, Inc. has a 1-year low of $58.51 and a 1-year high of $84.53. The firm’s 50 day moving average is $78.24 and its 200-day moving average is $75.91.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.01. The firm had revenue of $6.47 billion for the quarter, compared to analysts’ expectations of $6.23 billion. Arrow Electronics had a net margin of 2.01% and a return on equity of 13.52%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company posted $1.65 EPS. Equities analysts expect that Arrow Electronics, Inc. will post $7.32 earnings per share for the current year.

In other news, Chairman Michael J. Long sold 20,910 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $76.01, for a total transaction of $1,589,369.10. Following the sale, the chairman now owns 346,486 shares in the company, valued at approximately $26,336,400.86. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sean J. Kerins sold 4,477 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $77.16, for a total transaction of $345,445.32. Following the sale, the insider now owns 26,213 shares in the company, valued at approximately $2,022,595.08. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

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ARW has been the subject of several research analyst reports. Stifel Nicolaus boosted their price objective on shares of Arrow Electronics from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Zacks Investment Research upgraded shares of Arrow Electronics from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Wednesday, July 19th. BidaskClub downgraded shares of Arrow Electronics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Deutsche Bank AG restated a “hold” rating and set a $81.00 price objective (up from $76.00) on shares of Arrow Electronics in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Arrow Electronics presently has an average rating of “Hold” and an average price target of $76.33.

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 various electronic components and enterprise computing solutions suppliers.

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

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