Acadian Asset Management LLC Purchases 17,438 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Acadian Asset Management LLC increased its position in Arrow Electronics, Inc. (NYSE:ARW) by 2,737.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,075 shares of the technology company’s stock after buying an additional 17,438 shares during the quarter. Acadian Asset Management LLC’s holdings in Arrow Electronics were worth $1,393,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc grew its stake in Arrow Electronics by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 7,937,507 shares of the technology company’s stock worth $585,153,000 after buying an additional 70,647 shares during the last quarter. Royal London Asset Management Ltd. bought a new position in Arrow Electronics during the 4th quarter worth $2,329,000. Oppenheimer Asset Management Inc. bought a new position in Arrow Electronics during the 4th quarter worth $222,000. Advisors Asset Management Inc. bought a new position in Arrow Electronics during the 4th quarter worth $31,000. Finally, Rhumbline Advisers grew its stake in Arrow Electronics by 40.5% during the 4th quarter. Rhumbline Advisers now owns 244,237 shares of the technology company’s stock worth $16,840,000 after buying an additional 70,444 shares during the last quarter. Institutional investors and hedge funds own 93.08% of the company’s stock.

Shares of Arrow Electronics stock traded up $0.48 during trading on Friday, hitting $71.27. The stock had a trading volume of 644,268 shares, compared to its average volume of 568,433. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.21 and a current ratio of 1.74. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 8.07, a P/E/G ratio of 3.10 and a beta of 1.35. The firm’s fifty day simple moving average is $67.48. Arrow Electronics, Inc. has a fifty-two week low of $62.35 and a fifty-two week high of $86.62.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.90 by ($0.06). The firm had revenue of $7.16 billion during the quarter, compared to analyst estimates of $6.96 billion. Arrow Electronics had a net margin of 2.40% and a return on equity of 14.46%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.88 EPS. On average, analysts predict that Arrow Electronics, Inc. will post 8.52 earnings per share for the current year.

A number of brokerages recently commented on ARW. Zacks Investment Research downgraded Arrow Electronics from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Bank of America cut Arrow Electronics from a “buy” rating to a “neutral” rating and set a $76.15 price target for the company. in a research note on Monday, May 6th. ValuEngine cut Arrow Electronics from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Cross Research cut Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, June 20th. Finally, Deutsche Bank started coverage on Arrow Electronics in a research note on Tuesday, June 11th. They issued a “buy” rating and a $83.00 price target for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $81.07.

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.

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

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