Origin Asset Management LLP boosted its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 17.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,300 shares of the technology company’s stock after buying an additional 20,700 shares during the period. Origin Asset Management LLP owned 0.16% of Arrow Electronics worth $11,159,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ARW. Bank of Montreal Can increased its stake in Arrow Electronics by 0.9% during the 1st quarter. Bank of Montreal Can now owns 20,373 shares of the technology company’s stock worth $1,495,000 after buying an additional 181 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Arrow Electronics by 20.2% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,204 shares of the technology company’s stock worth $528,000 after buying an additional 1,209 shares in the last quarter. Wells Fargo & Company MN increased its stake in Arrow Electronics by 58.2% during the 1st quarter. Wells Fargo & Company MN now owns 107,435 shares of the technology company’s stock worth $7,887,000 after buying an additional 39,528 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Arrow Electronics by 0.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 128,554 shares of the technology company’s stock worth $9,437,000 after buying an additional 824 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in Arrow Electronics by 15.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 21,633 shares of the technology company’s stock worth $1,637,000 after buying an additional 2,876 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

In related news, Chairman Michael J. Long sold 20,910 shares of Arrow Electronics stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $76.01, for a total transaction of $1,589,369.10. Following the completion of the transaction, the chairman now directly owns 346,486 shares in the company, valued at approximately $26,336,400.86. 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 4,477 shares of Arrow Electronics stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $77.16, for a total value of $345,445.32. Following the transaction, the insider now owns 26,213 shares of the company’s stock, valued at $2,022,595.08. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

ARW has been the subject of several research reports. Deutsche Bank AG reiterated a “hold” rating and set a $81.00 price objective (up from $76.00) on shares of Arrow Electronics in a research note on Wednesday, August 9th. BidaskClub lowered Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Arrow Electronics from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $86.00 price objective on shares of Arrow Electronics in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $76.67.

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Arrow Electronics, Inc. (NYSE:ARW) traded up 0.58% during midday trading on Wednesday, hitting $79.16. The stock had a trading volume of 46,613 shares. The firm has a market cap of $6.99 billion, a P/E ratio of 14.47 and a beta of 1.12. Arrow Electronics, Inc. has a 12-month low of $58.51 and a 12-month high of $84.53. The stock has a 50-day moving average price of $78.23 and a 200 day moving average price of $75.93.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.01. Arrow Electronics had a net margin of 2.01% and a return on equity of 13.52%. The company had revenue of $6.47 billion during the quarter, compared to the consensus estimate of $6.23 billion. During the same period last year, the firm earned $1.65 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts anticipate that Arrow Electronics, Inc. will post $7.32 earnings per share for the current fiscal year.

About Arrow Electronics

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.

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

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