Nuveen Asset Management LLC Lowers Position in Arrow Electronics, Inc. (NYSE:ARW)

Nuveen Asset Management LLC decreased its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 75.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,368 shares of the technology company’s stock after selling 140,044 shares during the period. Nuveen Asset Management LLC owned 0.05% of Arrow Electronics worth $3,404,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Reilly Financial Advisors LLC boosted its position in shares of Arrow Electronics by 3.6% in the first quarter. Reilly Financial Advisors LLC now owns 112,584 shares of the technology company’s stock valued at $8,265,000 after buying an additional 3,865 shares during the last quarter. Norges Bank purchased a new position in shares of Arrow Electronics during the fourth quarter valued at approximately $68,623,000. Regentatlantic Capital LLC boosted its position in shares of Arrow Electronics by 5.3% in the first quarter. Regentatlantic Capital LLC now owns 42,843 shares of the technology company’s stock valued at $3,145,000 after buying an additional 2,144 shares during the last quarter. Elkfork Partners LLC boosted its position in shares of Arrow Electronics by 59.6% in the first quarter. Elkfork Partners LLC now owns 9,656 shares of the technology company’s stock valued at $709,000 after buying an additional 3,604 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Arrow Electronics by 25.4% in the first quarter. Swiss National Bank now owns 317,348 shares of the technology company’s stock valued at $23,297,000 after buying an additional 64,300 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Arrow Electronics, Inc. (NYSE ARW) opened at 78.77 on Wednesday. The firm has a market capitalization of $7.00 billion, a PE ratio of 13.57 and a beta of 1.13. The firm has a 50 day moving average of $76.40 and a 200 day moving average of $73.74. Arrow Electronics, Inc. has a one year low of $58.51 and a one year high of $80.35.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, May 4th. The technology company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.02. The company had revenue of $5.76 billion during the quarter, compared to analyst estimates of $5.58 billion. Arrow Electronics had a return on equity of 13.59% and a net margin of 2.20%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.43 EPS. Equities analysts forecast that Arrow Electronics, Inc. will post $7.12 EPS for the current year.

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Several brokerages have commented on ARW. Zacks Investment Research cut shares of Arrow Electronics from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Stifel Nicolaus raised their target price on shares of Arrow Electronics from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Arrow Electronics currently has an average rating of “Hold” and a consensus target price of $71.17.

In other news, insider Mary Catherine Morris sold 9,692 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $75.07, for a total transaction of $727,578.44. Following the completion of the transaction, the insider now directly owns 21,570 shares in the company, valued at approximately $1,619,259.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Gretchen Zech sold 9,781 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $77.34, for a total value of $756,462.54. Following the transaction, the senior vice president now owns 17,186 shares of the company’s stock, valued at $1,329,165.24. The disclosure for this sale can be found here. Insiders have sold a total of 28,233 shares of company stock valued at $2,148,561 over the last 90 days. Corporate 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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