Reilly Financial Advisors LLC increased its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 4.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 129,497 shares of the technology company’s stock after purchasing an additional 5,333 shares during the quarter. Reilly Financial Advisors LLC’s holdings in Arrow Electronics were worth $9,229,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its position in shares of Arrow Electronics by 4.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,350 shares of the technology company’s stock valued at $258,000 after purchasing an additional 137 shares during the last quarter. Synovus Financial Corp grew its position in Arrow Electronics by 3.8% in the 1st quarter. Synovus Financial Corp now owns 4,703 shares of the technology company’s stock valued at $363,000 after acquiring an additional 171 shares during the last quarter. IFM Investors Pty Ltd grew its position in Arrow Electronics by 3.6% in the 2nd quarter. IFM Investors Pty Ltd now owns 5,243 shares of the technology company’s stock valued at $374,000 after acquiring an additional 182 shares during the last quarter. Twin Capital Management Inc. grew its position in Arrow Electronics by 0.4% in the 1st quarter. Twin Capital Management Inc. now owns 52,100 shares of the technology company’s stock valued at $4,015,000 after acquiring an additional 220 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its position in Arrow Electronics by 2.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 9,561 shares of the technology company’s stock valued at $737,000 after acquiring an additional 231 shares during the last quarter. 93.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ARW traded down $0.02 during midday trading on Monday, reaching $71.69. 7,590 shares of the stock were exchanged, compared to its average volume of 579,464. Arrow Electronics, Inc. has a 52 week low of $62.35 and a 52 week high of $86.62. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.74 and a quick ratio of 1.21. The firm has a 50 day moving average price of $69.21. The company has a market capitalization of $6.08 billion, a P/E ratio of 8.13, a P/E/G ratio of 3.59 and a beta of 1.39.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.06). Arrow Electronics had a return on equity of 14.46% and a net margin of 2.40%. The firm had revenue of $7.16 billion for the quarter, compared to the consensus estimate of $6.96 billion. During the same period in the previous year, the company posted $1.88 EPS. Arrow Electronics’s quarterly revenue was up 4.1% compared to the same quarter last year. Analysts forecast that Arrow Electronics, Inc. will post 7.43 earnings per share for the current fiscal year.

Several brokerages have commented on ARW. Bank of America raised First Horizon National from an “underperform” rating to a “neutral” rating and set a $16.00 price objective on the stock in a research report on Tuesday, July 16th. ValuEngine raised Zumiez from a “sell” rating to a “hold” rating in a research report on Monday, July 22nd. Raymond James reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Propetro in a research report on Tuesday, July 2nd. Stifel Nicolaus downgraded Tellurian from a “buy” rating to a “hold” rating and cut their price objective for the company from $16.00 to $9.00 in a research report on Tuesday, July 16th. Finally, Deutsche Bank set a $60.00 price objective on Taubman Centers and gave the company a “hold” rating in a research report on Tuesday, June 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Arrow Electronics presently has a consensus rating of “Hold” and an average price target of $76.31.

Arrow Electronics Company 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.

Further Reading: Cost of Goods Sold (COGS)

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

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