Dimensional Fund Advisors Lp Adjusts Its Holdings in Arrow Electronics (ARW)

Cornelia Mascio
Novembre 15, 2017

Daiwa Securities Group Inc.'s holdings in Arrow Electronics were worth $134,000 as of its most recent SEC filing. (NYSE:ARW) by 15.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. Advisor Partners LLC now owns 2,802 shares of the technology company's stock valued at $220,000 after acquiring an additional 71 shares during the period. Morgan Stanley now owns 441,079 shares of the technology company's stock worth $32,380,000 after purchasing an additional 217,695 shares during the period.

American International Group Inc decreased its investment in Arrow Electronics by 0.6% in the quarter ending 09/30/2017. Weaver C. Barksdale & Associates Inc. now owns 1,891 shares of the company's stock worth $121,000 after buying an additional 212 shares during the period. The value of the position overall is down by 2.5%. Synovus Financial Corp now owns 4,541 shares of the technology company's stock worth $353,000 after purchasing an additional 126 shares during the period. Morgan Stanley lifted its stake in shares of Arrow Electronics by 97.5% in the 1st quarter. Atria Investments LLC bought a new position in shares of Arrow Electronics in the 2nd quarter valued at about $231,000. GMT Capital Corp controls 1,319,400 shares valued at $106,093,000.

Several equities research analysts recently issued reports on ARW shares.

On September 12 Stifel Nicolaus held the company rating at "Buy" targeting a price of $86.00. BidaskClub downgraded Arrow Electronics from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, August 2nd. Finally, Deutsche Bank AG reissued a "hold" rating and issued a $81.00 price target (up previously from $76.00) on shares of Arrow Electronics in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of "Hold" and an average target price of $83.25.

In related news, insider Sean J. Kerins sold 4,477 shares of the business's stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $77.16, for a total value of $345,445.32. Following the sale, the insider now directly owns 20,609 shares of the company's stock, valued at approximately $1,277,758. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company's stock.

Shares of Arrow Electronics Inc. (ARW) traded down $0.31 on Monday, reaching $78.28. The stock has a market cap of $6,886.53, a PE ratio of 11.09, a PEG ratio of 0.93 and a beta of 1.20. 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 52 week low of $62.10 and a 52 week high of $84.53.

Arrow Electronics (NYSE:ARW) last announced its earnings results on Thursday, November 2nd. The technology company reported $1.82 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.82. Arrow Electronics had a return on equity of 13.63% and a net margin of 2.00%. The firm had revenue of $6.95 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter last year, the company posted $1.56 EPS. research analysts forecast that Arrow Electronics, Inc. will post 7.35 earnings per share for the current year.

Daiwa Securities Group Inc. continued to hold its position in shares of Arrow Electronics Inc.

ILLEGAL ACTIVITY WARNING: "Arrow Electronics (ARW) Earns Media Sentiment Rating of 0.16" was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. "(ARW)" was reported by Week Herald and is owned by of Week Herald. If you are reading this news story on another domain, it was illegally copied and reposted in violation of United States & global trademark and copyright law. The original version of this report can be viewed at https://www.truebluetribune.com/2017/11/14/pictet-asset-management-ltd-lowers-stake-in-arrow-electronics-inc-arw.html. The Company has a portfolio of product offerings available from electronic components and enterprise computing solutions suppliers, coupled with a range of services, solutions and tools for industrial and commercial customers.

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