Arrow Electronics, Inc. (ARW) Position Boosted by Eqis Capital Management Inc.

Eqis Capital Management Inc. boosted its position in Arrow Electronics, Inc. (NYSE:ARW) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,977 shares of the technology company’s stock after buying an additional 513 shares during the period. Eqis Capital Management Inc.’s holdings in Arrow Electronics were worth $1,018,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Suntrust Banks Inc. increased its stake in shares of Arrow Electronics by 1.9% in the first quarter. Suntrust Banks Inc. now owns 7,459 shares of the technology company’s stock worth $547,000 after buying an additional 140 shares during the period. Brandes Investment Partners LP increased its position in shares of Arrow Electronics by 0.8% in the first quarter. Brandes Investment Partners LP now owns 20,206 shares of the technology company’s stock valued at $1,484,000 after buying an additional 155 shares during the last quarter. Bank of Montreal Can increased its position in shares of Arrow Electronics by 0.9% in the first quarter. Bank of Montreal Can now owns 20,373 shares of the technology company’s stock valued at $1,495,000 after buying an additional 181 shares during the last quarter. CrestPoint Capital Management LLC increased its position in shares of Arrow Electronics by 2.1% in the first quarter. CrestPoint Capital Management LLC now owns 9,800 shares of the technology company’s stock valued at $719,000 after buying an additional 200 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Arrow Electronics by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 57,449 shares of the technology company’s stock valued at $4,217,000 after buying an additional 200 shares during the last quarter. 94.45% of the stock is owned by institutional investors.

Arrow Electronics, Inc. (ARW) traded down 0.15% on Friday, hitting $75.30. 296,041 shares of the company were exchanged. The stock has a market capitalization of $6.65 billion, a P/E ratio of 13.77 and a beta of 1.13. Arrow Electronics, Inc. has a 52 week low of $58.52 and a 52 week high of $84.53. The company has a 50 day moving average price of $80.06 and a 200-day moving average price of $75.35.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.01. The business had revenue of $6.47 billion during the quarter, compared to analysts’ expectations 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 was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.65 earnings per share. On average, equities analysts expect that Arrow Electronics, Inc. will post $7.32 earnings per share for the current fiscal year.

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Several equities analysts have issued reports on ARW shares. Deutsche Bank AG reiterated 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. Stifel Nicolaus increased their target price on shares of Arrow Electronics from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday, May 15th. BidaskClub lowered shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Zacks Investment Research raised shares of Arrow Electronics from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research note on Wednesday, July 19th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $77.17.

In related news, insider Vincent P. Melvin sold 5,760 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $75.79, for a total transaction of $436,550.40. Following the completion of the sale, the insider now directly owns 22,213 shares in the company, valued at $1,683,523.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mary Catherine Morris sold 9,692 shares of the business’s stock in a transaction that occurred 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 sale, the insider now 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 sold 18,452 shares of company stock valued at $1,392,099 over the last 90 days. Company 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.

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

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