English Capital Management LLC Acquires 1,948 Shares of Arrow Electronics, Inc. (NYSE:ARW)

English Capital Management LLC raised its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 2.7% during the first quarter, HoldingsChannel reports. The firm owned 73,875 shares of the technology company’s stock after acquiring an additional 1,948 shares during the quarter. Arrow Electronics accounts for 5.7% of English Capital Management LLC’s holdings, making the stock its 2nd largest position. English Capital Management LLC’s holdings in Arrow Electronics were worth $7,670,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ARW. Operose Advisors LLC acquired a new position in shares of Arrow Electronics during the first quarter worth $31,000. Golden State Wealth Management LLC increased its holdings in shares of Arrow Electronics by 111.7% during the first quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company’s stock worth $39,000 after buying an additional 200 shares in the last quarter. Covestor Ltd increased its holdings in shares of Arrow Electronics by 14.9% during the first quarter. Covestor Ltd now owns 1,118 shares of the technology company’s stock worth $116,000 after buying an additional 145 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Arrow Electronics during the first quarter worth $120,000. Finally, Lindbrook Capital LLC increased its holdings in shares of Arrow Electronics by 300.5% during the first quarter. Lindbrook Capital LLC now owns 1,550 shares of the technology company’s stock worth $161,000 after buying an additional 1,163 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Arrow Electronics Price Performance

Shares of NYSE:ARW opened at $125.87 on Friday. Arrow Electronics, Inc. has a 52 week low of $86.50 and a 52 week high of $137.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.39. The firm’s fifty day moving average is $126.34 and its 200-day moving average is $115.47. The firm has a market cap of $6.48 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 0.60 and a beta of 1.10.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, July 31st. The technology company reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.40. Arrow Electronics had a net margin of 1.64% and a return on equity of 8.37%. The company had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the company posted $2.78 earnings per share. Arrow Electronics’s revenue for the quarter was up 10.0% compared to the same quarter last year. Sell-side analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Insider Buying and Selling at Arrow Electronics

In other news, CEO Sean J. Kerins acquired 8,630 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was bought at an average cost of $114.91 per share, for a total transaction of $991,673.30. Following the completion of the transaction, the chief executive officer directly owned 122,408 shares in the company, valued at $14,065,903.28. This represents a 7.58% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $124.64, for a total transaction of $331,542.40. Following the sale, the senior vice president owned 17,057 shares of the company’s stock, valued at approximately $2,125,984.48. This trade represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ARW has been the topic of a number of recent research reports. Bank of America lifted their price target on shares of Arrow Electronics from $105.00 to $110.00 and gave the stock an “underperform” rating in a report on Monday, June 9th. Wall Street Zen upgraded shares of Arrow Electronics from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $115.75.

Arrow Electronics Company Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.