Xact Kapitalforvaltning AB trimmed its stake in Arrow Electronics, Inc. (NYSE:ARW) by 55.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,500 shares of the technology company’s stock after selling 10,602 shares during the period. Xact Kapitalforvaltning AB’s holdings in Arrow Electronics were worth $606,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in shares of Arrow Electronics by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,466,756 shares of the technology company’s stock valued at $239,030,000 after acquiring an additional 34,362 shares during the period. Geode Capital Management LLC lifted its stake in Arrow Electronics by 10.4% in the fourth quarter. Geode Capital Management LLC now owns 918,201 shares of the technology company’s stock valued at $63,269,000 after buying an additional 86,631 shares during the period. DNB Asset Management AS lifted its stake in Arrow Electronics by 18.0% in the second quarter. DNB Asset Management AS now owns 880,815 shares of the technology company’s stock valued at $62,776,000 after buying an additional 134,600 shares during the period. Norges Bank acquired a new position in Arrow Electronics in the fourth quarter valued at about $49,210,000. Finally, Principal Financial Group Inc. lifted its stake in Arrow Electronics by 1.0% in the first quarter. Principal Financial Group Inc. now owns 625,314 shares of the technology company’s stock valued at $48,187,000 after buying an additional 6,231 shares during the period. Hedge funds and other institutional investors own 93.12% of the company’s stock.

Shares of NYSE ARW traded up $0.04 during mid-day trading on Monday, reaching $71.75. 6,905 shares of the company’s stock were exchanged, compared to its average volume of 579,464. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 3.59 and a beta of 1.39. 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’s fifty day moving average is $69.21. Arrow Electronics, Inc. has a twelve month low of $62.35 and a twelve month high of $86.62.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.84 EPS for the quarter, missing the Zacks’ consensus estimate of $1.90 by ($0.06). The business had revenue of $7.16 billion for the quarter, compared to analyst estimates of $6.96 billion. Arrow Electronics had a return on equity of 14.46% and a net margin of 2.40%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.88 EPS. As a group, research analysts predict that Arrow Electronics, Inc. will post 7.43 EPS for the current year.

Several equities analysts have weighed in on the company. Bank of America raised First Horizon National from an “underperform” rating to a “neutral” rating and set a $16.00 target price on the stock in a research note on Tuesday, July 16th. Stifel Nicolaus lowered Tellurian from a “buy” rating to a “hold” rating and cut their target price for the company from $16.00 to $9.00 in a research note on Tuesday, July 16th. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Raymond James reissued a “buy” rating and issued a $26.00 target price on shares of Propetro in a research note on Tuesday, July 2nd. Finally, ValuEngine raised Zumiez from a “sell” rating to a “hold” rating in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $76.31.

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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