Allianz Asset Management GmbH increased its position in Arrow Electronics, Inc. (NYSE:ARW) by 1.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 760,498 shares of the technology company’s stock after purchasing an additional 9,199 shares during the period. Allianz Asset Management GmbH owned about 0.86% of Arrow Electronics worth $61,152,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ARW. Thrivent Financial For Lutherans boosted its stake in shares of Arrow Electronics by 2,948.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 513,673 shares of the technology company’s stock valued at $40,283,000 after buying an additional 496,823 shares during the period. LSV Asset Management boosted its stake in shares of Arrow Electronics by 13.1% during the 2nd quarter. LSV Asset Management now owns 2,142,395 shares of the technology company’s stock valued at $168,006,000 after buying an additional 248,373 shares during the period. Prudential Financial Inc. boosted its stake in shares of Arrow Electronics by 57.9% during the 2nd quarter. Prudential Financial Inc. now owns 465,233 shares of the technology company’s stock valued at $36,483,000 after buying an additional 170,570 shares during the period. Vanguard Group Inc. boosted its stake in shares of Arrow Electronics by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 7,643,715 shares of the technology company’s stock valued at $599,421,000 after buying an additional 164,059 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Arrow Electronics by 11.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,373,934 shares of the technology company’s stock valued at $107,744,000 after buying an additional 144,908 shares during the period. 91.78% of the stock is owned by hedge funds and other institutional investors.

Arrow Electronics, Inc. (ARW) opened at $77.74 on Wednesday. The firm has a market cap of $6,836.38, a price-to-earnings ratio of 11.01, a PEG ratio of 0.93 and a beta of 1.18. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.13 and a current ratio of 1.58. Arrow Electronics, Inc. has a twelve month low of $68.55 and a twelve month high of $84.53.

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

A number of equities research analysts have issued reports on ARW shares. BidaskClub lowered shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Deutsche Bank restated a “hold” rating and set a $81.00 price target (up previously from $76.00) on shares of Arrow Electronics in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Arrow Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Stifel Nicolaus restated a “buy” rating and set a $86.00 price target on shares of Arrow Electronics in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $83.25.

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

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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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