Nisa Investment Advisors LLC Buys 2,100 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Nisa Investment Advisors LLC raised its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 5.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,420 shares of the technology company’s stock after purchasing an additional 2,100 shares during the period. Nisa Investment Advisors LLC owned about 0.05% of Arrow Electronics worth $3,023,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in shares of Arrow Electronics by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,466,756 shares of the technology company’s stock valued at $239,030,000 after purchasing an additional 34,362 shares in the last quarter. Geode Capital Management LLC raised its stake in Arrow Electronics by 10.4% during the fourth quarter. Geode Capital Management LLC now owns 918,201 shares of the technology company’s stock worth $63,269,000 after acquiring an additional 86,631 shares in the last quarter. DNB Asset Management AS raised its stake in Arrow Electronics by 18.0% during the second quarter. DNB Asset Management AS now owns 880,815 shares of the technology company’s stock worth $62,776,000 after acquiring an additional 134,600 shares in the last quarter. Norges Bank acquired a new position in Arrow Electronics during the fourth quarter worth $49,210,000. Finally, Principal Financial Group Inc. raised its stake in Arrow Electronics by 1.0% during the first quarter. Principal Financial Group Inc. now owns 625,314 shares of the technology company’s stock worth $48,187,000 after acquiring an additional 6,231 shares in the last quarter. Hedge funds and other institutional investors own 95.48% of the company’s stock.

In other news, CFO Christopher Stansbury sold 57,550 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $68.87, for a total transaction of $3,963,468.50. Following the sale, the chief financial officer now owns 32,481 shares of the company’s stock, valued at $2,236,966.47. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Charles Kostalnick II sold 3,200 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $68.11, for a total value of $217,952.00. Following the sale, the insider now directly owns 8,214 shares in the company, valued at approximately $559,455.54. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

A number of brokerages have recently weighed in on ARW. TheStreet lowered Arrow Electronics from a “b-” rating to a “c” rating in a research note on Friday, August 2nd. Zacks Investment Research lowered Arrow Electronics from a “hold” rating to a “sell” rating and set a $73.00 target price for the company. in a research note on Wednesday, July 3rd. Deutsche Bank began coverage on Arrow Electronics in a research note on Tuesday, June 11th. They issued a “buy” rating and a $83.00 target price for the company. Cross Research lowered Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, June 20th. Finally, Citigroup raised their target price on Arrow Electronics from $68.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $77.02.

Arrow Electronics stock opened at $67.31 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.64 and a debt-to-equity ratio of 0.65. Arrow Electronics, Inc. has a 12-month low of $62.35 and a 12-month high of $86.62. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 7.62, a P/E/G ratio of 2.19 and a beta of 1.39. The business’s 50-day simple moving average is $69.23 and its 200 day simple moving average is $73.96.

Arrow Electronics (NYSE:ARW) last issued its earnings results on Thursday, August 1st. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.04. The company had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter last year, the business posted $2.20 EPS. Arrow Electronics’s quarterly revenue was down .6% on a year-over-year basis. As a group, sell-side analysts expect that Arrow Electronics, Inc. will post 7.25 EPS for the current year.

Arrow Electronics 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.

Read More: Bear Market – How and Why They Occur

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

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