Sensato Investors LLC Sells 7,600 Shares of Arrow Electronics, Inc. (ARW)

Sensato Investors LLC lowered its stake in Arrow Electronics, Inc. (NYSE:ARW) by 23.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,300 shares of the technology company’s stock after selling 7,600 shares during the period. Sensato Investors LLC’s holdings in Arrow Electronics were worth $1,784,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Meeder Asset Management Inc. increased its stake in Arrow Electronics by 11.0% in the first quarter. Meeder Asset Management Inc. now owns 2,564 shares of the technology company’s stock valued at $188,000 after buying an additional 255 shares during the last quarter. Nordea Investment Management AB increased its stake in Arrow Electronics by 87.2% in the first quarter. Nordea Investment Management AB now owns 2,680 shares of the technology company’s stock valued at $197,000 after buying an additional 1,248 shares during the last quarter. Advisor Partners LLC acquired a new stake in Arrow Electronics during the first quarter valued at approximately $200,000. Cypress Wealth Advisors LLC acquired a new stake in Arrow Electronics during the fourth quarter valued at approximately $202,000. Finally, Flinton Capital Management LLC acquired a new stake in Arrow Electronics during the fourth quarter valued at approximately $203,000. 94.49% of the stock is owned by institutional investors.

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

Shares of Arrow Electronics, Inc. (ARW) traded down 0.82% during midday trading on Tuesday, reaching $77.51. 364,560 shares of the company’s stock were exchanged. The stock has a market capitalization of $6.89 billion, a P/E ratio of 13.35 and a beta of 1.08. The firm has a 50-day moving average of $75.54 and a 200-day moving average of $73.31. Arrow Electronics, Inc. has a 12-month low of $58.51 and a 12-month high of $78.23.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings data on Thursday, May 4th. The technology company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.02. The business had revenue of $5.76 billion during the quarter, compared to analyst estimates of $5.58 billion. Arrow Electronics had a net margin of 2.20% and a return on equity of 13.59%. Arrow Electronics’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $1.43 EPS. Analysts anticipate that Arrow Electronics, Inc. will post $7.11 EPS for the current fiscal year.

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ARW has been the subject of several recent research reports. Stifel Nicolaus boosted their target price on shares of Arrow Electronics from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Zacks Investment Research raised shares of Arrow Electronics from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $71.17.

In other news, insider Vincent P. Melvin sold 5,760 shares of Arrow Electronics stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $75.79, for a total value of $436,550.40. Following the completion of the sale, the insider now directly owns 22,213 shares in the company, valued at $1,683,523.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Gretchen Zech sold 9,781 shares of Arrow Electronics stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $77.34, for a total transaction of $756,462.54. Following the completion of the sale, 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. Over the last 90 days, insiders have sold 28,233 shares of company stock valued at $2,148,561. 1.20% of the stock is owned by company insiders.

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.

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