DekaBank Deutsche Girozentrale grew its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 5.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 22,052 shares of the technology company’s stock after purchasing an additional 1,225 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Arrow Electronics were worth $1,740,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Arrow Electronics by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 7,643,715 shares of the technology company’s stock worth $599,421,000 after purchasing an additional 164,059 shares in the last quarter. Boston Partners increased its holdings in Arrow Electronics by 0.7% during the 3rd quarter. Boston Partners now owns 5,921,683 shares of the technology company’s stock worth $476,163,000 after purchasing an additional 41,711 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Arrow Electronics by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,423,521 shares of the technology company’s stock worth $268,476,000 after purchasing an additional 18,653 shares in the last quarter. Longview Partners Guernsey LTD increased its holdings in Arrow Electronics by 5.1% during the 3rd quarter. Longview Partners Guernsey LTD now owns 2,936,104 shares of the technology company’s stock worth $236,092,000 after purchasing an additional 143,540 shares in the last quarter. Finally, LSV Asset Management increased its holdings in Arrow Electronics by 13.1% during the 2nd quarter. LSV Asset Management now owns 2,142,395 shares of the technology company’s stock worth $168,006,000 after purchasing an additional 248,373 shares in the last quarter. 90.51% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on ARW shares. Zacks Investment Research lowered Arrow Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $86.00 target price on shares of Arrow Electronics in a report on Tuesday, September 12th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $81.00 target price (up from $76.00) on shares of Arrow Electronics in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $83.25.

In related news, SVP Matthew R. Anderson sold 1,416 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $79.00, for a total value of $111,864.00. Following the transaction, the senior vice president now owns 1,416 shares in the company, valued at $111,864. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gail Hamilton sold 4,800 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $78.33, for a total value of $375,984.00. Following the completion of the transaction, the director now owns 91 shares in the company, valued at approximately $7,128.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,032 shares of company stock valued at $788,816. 1.20% of the stock is currently owned by corporate insiders.

Arrow Electronics, Inc. (NYSE ARW) opened at $78.68 on Friday. The stock has a market capitalization of $6,921.72, a P/E ratio of 11.14, a PEG ratio of 0.94 and a beta of 1.20. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.57. Arrow Electronics, Inc. has a twelve month low of $66.67 and a twelve month high of $84.53.

Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, November 2nd. The technology company reported $1.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.82. The company had revenue of $6.95 billion during the quarter, compared to analyst estimates of $6.58 billion. Arrow Electronics had a return on equity of 13.63% and a net margin of 2.00%. Arrow Electronics’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.56 earnings per share. analysts anticipate that Arrow Electronics, Inc. will post 7.35 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “DekaBank Deutsche Girozentrale Buys 1,225 Shares of Arrow Electronics, Inc. (ARW)” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/11/24/dekabank-deutsche-girozentrale-buys-1225-shares-of-arrow-electronics-inc-arw.html.

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.

Want to see what other hedge funds are holding ARW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arrow Electronics, Inc. (NYSE:ARW).

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

Receive News & Stock Ratings for Arrow Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Electronics Inc. and related stocks with our FREE daily email newsletter.