O Shaughnessy Asset Management LLC Sells 5,889 Shares of Arrow Electronics, Inc. (NYSE:ARW)

O Shaughnessy Asset Management LLC lowered its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 9.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 55,761 shares of the technology company’s stock after selling 5,889 shares during the period. O Shaughnessy Asset Management LLC owned about 0.10% of Arrow Electronics worth $7,219,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ARW. Rise Advisors LLC bought a new position in shares of Arrow Electronics during the 1st quarter valued at $32,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Arrow Electronics by 76.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 346 shares of the technology company’s stock worth $45,000 after acquiring an additional 150 shares during the last quarter. Principal Securities Inc. bought a new stake in Arrow Electronics in the 4th quarter worth $56,000. GAMMA Investing LLC bought a new stake in Arrow Electronics in the 4th quarter worth $58,000. Finally, Johnson Financial Group Inc. grew its holdings in Arrow Electronics by 17.1% in the 4th quarter. Johnson Financial Group Inc. now owns 937 shares of the technology company’s stock worth $115,000 after acquiring an additional 137 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Trading Down 1.0 %

Shares of NYSE:ARW traded down $1.22 on Wednesday, hitting $120.47. The company had a trading volume of 356,153 shares, compared to its average volume of 502,623. The firm’s 50-day simple moving average is $126.68 and its two-hundred day simple moving average is $122.54. Arrow Electronics, Inc. has a 1 year low of $108.51 and a 1 year high of $143.41. The company has a quick ratio of 1.07, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 9.53 and a beta of 1.27.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Tuesday, May 7th. The technology company reported $2.41 EPS for the quarter, topping the consensus estimate of $2.37 by $0.04. Arrow Electronics had a net margin of 2.28% and a return on equity of 14.61%. The firm had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $7.08 billion. During the same period last year, the company posted $4.60 EPS. The company’s quarterly revenue was down 20.7% compared to the same quarter last year. Equities analysts anticipate that Arrow Electronics, Inc. will post 10.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity at Arrow Electronics

In related news, Director Andrew Charles Kerin sold 1,469 shares of Arrow Electronics stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $130.71, for a total transaction of $192,012.99. Following the completion of the transaction, the director now directly owns 1,520 shares of the company’s stock, valued at approximately $198,679.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Arrow Electronics news, Director Gail Hamilton sold 2,987 shares of Arrow Electronics stock in a transaction dated 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 $13,524.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew Charles Kerin sold 1,469 shares of Arrow Electronics stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $130.71, for a total transaction of $192,012.99. Following the completion of the transaction, the director now directly owns 1,520 shares of the company’s stock, valued at $198,679.20. The disclosure for this sale can be found here. Insiders sold a total of 5,976 shares of company stock valued at $788,183 in the last three months. Company 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.