Achmea Investment Management B.V. acquired a new stake in Arrow Electronics, Inc. (NYSE:ARW) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,622 shares of the technology company’s stock, valued at approximately $488,000.

Other hedge funds have also recently added to or reduced their stakes in the company. New Amsterdam Partners LLC NY boosted its stake in shares of Arrow Electronics by 2.3% during the 3rd quarter. New Amsterdam Partners LLC NY now owns 72,883 shares of the technology company’s stock valued at $5,373,000 after purchasing an additional 1,610 shares in the last quarter. Icon Advisers Inc. Co. bought a new stake in shares of Arrow Electronics during the 3rd quarter valued at about $944,000. Virginia Retirement Systems ET AL boosted its stake in shares of Arrow Electronics by 38.9% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 43,200 shares of the technology company’s stock valued at $3,185,000 after purchasing an additional 12,100 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Arrow Electronics by 1.2% during the 3rd quarter. Wells Fargo & Company MN now owns 410,512 shares of the technology company’s stock valued at $30,264,000 after purchasing an additional 4,809 shares in the last quarter. Finally, Tdam USA Inc. boosted its stake in shares of Arrow Electronics by 6.2% during the 3rd quarter. Tdam USA Inc. now owns 23,021 shares of the technology company’s stock valued at $1,751,000 after purchasing an additional 1,350 shares in the last quarter. Hedge funds and other institutional investors own 92.82% of the company’s stock.

Several equities research analysts recently commented on the stock. ValuEngine raised shares of Arrow Electronics from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. Zacks Investment Research lowered shares of Arrow Electronics from a “hold” rating to a “sell” rating in a research note on Friday, October 26th. Finally, Citigroup boosted their price objective on shares of Arrow Electronics from $72.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, November 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $86.00.

In related news, insider Charles Kostalnick II sold 700 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $74.37, for a total transaction of $52,059.00. Following the sale, the insider now owns 12,780 shares of the company’s stock, valued at $950,448.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vincent P. Melvin sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $78.10, for a total transaction of $156,200.00. Following the completion of the transaction, the insider now owns 16,371 shares in the company, valued at approximately $1,278,575.10. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

NYSE:ARW opened at $74.54 on Friday. Arrow Electronics, Inc. has a one year low of $64.04 and a one year high of $87.26. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.15 and a current ratio of 1.62. The stock has a market cap of $6.35 billion, a P/E ratio of 9.86, a price-to-earnings-growth ratio of 0.93 and a beta of 1.16.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, November 1st. The technology company reported $2.18 EPS for the quarter, topping the consensus estimate of $2.16 by $0.02. Arrow Electronics had a net margin of 1.84% and a return on equity of 15.12%. The business had revenue of $7.49 billion for the quarter, compared to analyst estimates of $7.40 billion. During the same quarter in the previous year, the firm posted $1.82 earnings per share. Arrow Electronics’s quarterly revenue was up 9.3% on a year-over-year basis. Research analysts anticipate that Arrow Electronics, Inc. will post 8.82 EPS for the current fiscal year.

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Arrow Electronics Company Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. The company operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment markets and distributes semiconductor products and related services; passive, electro-mechanical, and interconnect products consisting primarily of capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other products and services.

Further Reading: Momentum Indicator: Relative Strength Index

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

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