Zurcher Kantonalbank Zurich Cantonalbank Cuts Holdings in Arrow Electronics, Inc. (ARW)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 16.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,030 shares of the technology company’s stock after selling 2,682 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Arrow Electronics were worth $1,128,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Thrivent Financial For Lutherans grew its holdings in Arrow Electronics by 2,948.5% in the second quarter. Thrivent Financial For Lutherans now owns 513,673 shares of the technology company’s stock worth $40,283,000 after purchasing an additional 496,823 shares during the last quarter. LSV Asset Management boosted its holdings in Arrow Electronics by 13.1% in the second quarter. LSV Asset Management now owns 2,142,395 shares of the technology company’s stock valued at $168,006,000 after purchasing an additional 248,373 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Arrow Electronics by 57.9% in the second quarter. Prudential Financial Inc. now owns 465,233 shares of the technology company’s stock valued at $36,483,000 after purchasing an additional 170,570 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Arrow Electronics by 2.2% in the second quarter. Vanguard Group Inc. now owns 7,643,715 shares of the technology company’s stock valued at $599,421,000 after purchasing an additional 164,059 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Arrow Electronics by 11.8% in the second quarter. Goldman Sachs Group Inc. now owns 1,373,934 shares of the technology company’s stock valued at $107,744,000 after purchasing an additional 144,908 shares during the last quarter. Institutional investors and hedge funds own 92.72% of the company’s stock.

A number of brokerages have weighed in on ARW. Zacks Investment Research downgraded shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $86.00 price objective on shares of Arrow Electronics in a report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Arrow Electronics presently has an average rating of “Hold” and an average target price of $83.25.

In other Arrow Electronics news, Director Gail Hamilton sold 4,800 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $78.33, for a total transaction of $375,984.00. Following the transaction, the director now directly owns 91 shares of the company’s stock, valued at approximately $7,128.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sean J. Kerins sold 3,816 shares of Arrow Electronics stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $78.87, for a total transaction of $300,967.92. Following the completion of the sale, the insider now directly owns 25,552 shares in the company, valued at approximately $2,015,286.24. The disclosure for this sale can be found here. Insiders have sold a total of 10,032 shares of company stock worth $788,816 over the last quarter. 1.20% of the stock is owned by company insiders.

Arrow Electronics, Inc. (NYSE:ARW) opened at $78.36 on Wednesday. The firm has a market cap of $6,888.29, a P/E ratio of 11.09, a P/E/G ratio of 0.93 and a beta of 1.18. Arrow Electronics, Inc. has a 1 year low of $68.55 and a 1 year high of $84.53. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.57.

Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, November 2nd. The technology company reported $1.82 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.82. Arrow Electronics had a net margin of 2.00% and a return on equity of 13.63%. The company had revenue of $6.95 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period in the prior year, the business earned $1.56 EPS. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. analysts expect that Arrow Electronics, Inc. will post 7.35 earnings per share for the current fiscal year.

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Arrow Electronics 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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