Acadian Asset Management LLC Buys 21,793 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Acadian Asset Management LLC increased its stake in Arrow Electronics, Inc. (NYSE:ARW) by 32.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,402 shares of the technology company’s stock after purchasing an additional 21,793 shares during the quarter. Acadian Asset Management LLC owned approximately 0.17% of Arrow Electronics worth $11,443,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Lyrical Asset Management LP increased its position in Arrow Electronics by 0.4% in the fourth quarter. Lyrical Asset Management LP now owns 1,095,749 shares of the technology company’s stock worth $133,955,000 after buying an additional 4,273 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Arrow Electronics by 82.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 985,373 shares of the technology company’s stock valued at $127,566,000 after acquiring an additional 446,647 shares during the period. Fiduciary Management Inc. WI lifted its holdings in Arrow Electronics by 22.3% during the fourth quarter. Fiduciary Management Inc. WI now owns 904,363 shares of the technology company’s stock valued at $110,558,000 after purchasing an additional 164,706 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Arrow Electronics by 56.2% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 851,790 shares of the technology company’s stock worth $104,131,000 after purchasing an additional 306,371 shares during the period. Finally, Oldfield Partners LLP purchased a new position in shares of Arrow Electronics in the first quarter worth about $106,533,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Arrow Electronics Stock Performance

Shares of NYSE:ARW traded down $1.63 during midday trading on Friday, reaching $122.07. 216,555 shares of the company traded hands, compared to its average volume of 500,191. The firm’s fifty day moving average price is $126.90 and its two-hundred day moving average price is $122.45. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 9.60 and a beta of 1.27. The company has a quick ratio of 1.07, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. Arrow Electronics, Inc. has a 12 month low of $108.51 and a 12 month high of $143.49.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Tuesday, May 7th. The technology company reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.04. Arrow Electronics had a return on equity of 14.61% and a net margin of 2.28%. The business had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.08 billion. During the same quarter in the previous year, the firm earned $4.60 EPS. The company’s quarterly revenue was down 20.7% compared to the same quarter last year. On average, equities analysts expect that Arrow Electronics, Inc. will post 10.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upped their price target on shares of Arrow Electronics from $116.00 to $132.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th.

Insider Activity at Arrow Electronics

In other Arrow Electronics news, Director Gail Hamilton sold 2,987 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $132.59, for a total value of $396,046.33. Following the completion of the transaction, the director now directly owns 102 shares of the company’s stock, valued at approximately $13,524.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Gail Hamilton sold 2,987 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $132.59, for a total transaction of $396,046.33. Following the completion of the transaction, the director now directly owns 102 shares in the company, valued at $13,524.18. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Andrew Charles Kerin sold 1,469 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $130.71, for a total value of $192,012.99. Following the completion of the sale, the director now directly owns 1,520 shares in the company, valued at approximately $198,679.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,976 shares of company stock valued at $788,183. Corporate insiders own 1.00% of the company’s stock.

Arrow Electronics Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.