DnB Asset Management AS boosted its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 953.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 130,024 shares of the technology company’s stock after purchasing an additional 117,676 shares during the quarter. DnB Asset Management AS’s holdings in Arrow Electronics were worth $10,455,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Csenge Advisory Group bought a new stake in shares of Arrow Electronics during the third quarter valued at approximately $291,000. Swiss National Bank increased its holdings in shares of Arrow Electronics by 1.0% during the third quarter. Swiss National Bank now owns 327,248 shares of the technology company’s stock valued at $26,314,000 after acquiring an additional 3,100 shares in the last quarter. FDx Advisors Inc. increased its holdings in shares of Arrow Electronics by 23.0% during the third quarter. FDx Advisors Inc. now owns 20,712 shares of the technology company’s stock valued at $1,665,000 after acquiring an additional 3,876 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Arrow Electronics during the third quarter valued at approximately $1,749,000. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Arrow Electronics by 92.1% during the third quarter. Public Employees Retirement System of Ohio now owns 58,112 shares of the technology company’s stock valued at $4,673,000 after acquiring an additional 27,862 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

In related news, SVP Matthew R. Anderson sold 1,416 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $79.00, for a total transaction of $111,864.00. Following the completion of the sale, the senior vice president now owns 1,416 shares in the company, valued at $111,864. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gail Hamilton sold 4,800 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $78.33, for a total value of $375,984.00. Following the sale, the director now owns 91 shares of the company’s stock, valued at approximately $7,128.03. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,032 shares of company stock valued at $788,816. Corporate insiders own 1.20% of the company’s stock.

Separately, Zacks Investment Research downgraded Arrow Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th.

Shares of Arrow Electronics, Inc. (ARW) opened at $82.35 on Thursday. The company has a market capitalization of $7,440.00, a P/E ratio of 14.50, a PEG ratio of 0.89 and a beta of 1.18. Arrow Electronics, Inc. has a 1-year low of $68.55 and a 1-year high of $84.60. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.57.

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

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Arrow Electronics 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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