Ownership Action to Note: Arrow Electronics Inc (NYSE:ARW) Stock Price Down as Sentiment Worsens

November 29, 2016 - By Ruchi Gupta   ·   0 Comments

Ownership Action to Note: Arrow Electronics Inc (NYSE:ARW) Stock Price Down as Sentiment  Worsens

Sentiment for Arrow Electronics Inc (NYSE:ARW)

Arrow Electronics Inc (NYSE:ARW) institutional sentiment decreased to 0.73 in 2016 Q2. Its down -0.58, from 1.31 in 2016Q1. The ratio has worsened, as 173 institutional investors started new and increased positions, while 132 decreased and sold their stock positions in Arrow Electronics Inc. The institutional investors in our partner’s database reported: 84.57 million shares, down from 91.03 million shares in 2016Q1. Also, the number of institutional investors holding Arrow Electronics Inc in their top 10 positions decreased from 2 to 1 for a decrease of 1. Sold All: 26 Reduced: 106 Increased: 142 New Position: 31.

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 market cap of $6.14 billion. The Firm 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. It has a 12.34 P/E ratio. The Firm operates in two divisions: Global Components and Global Enterprise Computing Solutions.

About 98,728 shares traded hands. Arrow Electronics, Inc. (NYSE:ARW) has risen 5.50% since April 26, 2016 and is uptrending. It has outperformed by 0.25% the S&P500.

Analysts await Arrow Electronics, Inc. (NYSE:ARW) to report earnings on February, 2. They expect $2.01 earnings per share, up 3.61% or $0.07 from last year’s $1.94 per share. ARW’s profit will be $179.77M for 8.54 P/E if the $2.01 EPS becomes a reality. After $1.56 actual earnings per share reported by Arrow Electronics, Inc. for the previous quarter, Wall Street now forecasts 28.85% EPS growth.

According to Zacks Investment Research, “Arrow Electronics, Inc. is the world’s largest distributor of electronic components and computer products to industrial and commercial customers. The company is a major global provider of products, services, and solutions to industrial and commercial users of electronic components and computer products. The company offers sales, service, and technical support capabilities that not only enable the company to provide the most powerful line card to their customers, but to be their strategic business partner as well. Through a wide range of value-added services, the company assists their customers reduce their time to market, lower their total cost of ownership, and enhance their overall competitiveness.”

Kiltearn Partners Llp holds 4.52% of its portfolio in Arrow Electronics, Inc. for 1.62 million shares. Brc Investment Management Llc owns 267,405 shares or 2.88% of their US portfolio. Moreover, Speece Thorson Capital Group Inc has 2.82% invested in the company for 209,954 shares. The New York-based Euclidean Technologies Management Llc has invested 2.02% in the stock. Delphi Management Inc Ma, a Massachusetts-based fund reported 39,114 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 6 sales for $8.14 million net activity.

Arrow Electronics, Inc. (NYSE:ARW) Ratings Coverage

Ratings analysis reveals 71% of Arrow Electronics Inc.’s analysts are positive. Out of 7 Wall Street analysts rating Arrow Electronics Inc., 5 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $53 while the high is $72. The stock’s average target of $62.25 is -9.32% below today’s ($68.65) share price. ARW was included in 12 notes of analysts from July 29, 2015. The firm earned “Buy” rating on Wednesday, July 29 by Credit Agricole. The firm earned “Neutral” rating on Tuesday, September 20 by Goldman Sachs. The rating was upgraded by Goldman Sachs on Monday, March 14 to “Buy”. The firm has “Buy” rating by CLSA given on Wednesday, July 29. The firm has “Buy” rating given on Monday, May 9 by Goldman Sachs. Bank of America initiated Arrow Electronics, Inc. (NYSE:ARW) on Wednesday, April 27 with “Buy” rating. Longbow upgraded the shares of ARW in a report on Friday, January 22 to “Buy” rating. On Monday, May 2 the stock rating was downgraded by Citigroup to “Sell”. Zacks upgraded it to “Hold” rating and $62 target price in Monday, August 31 report. On Thursday, October 29 the stock rating was downgraded by Credit Agricole to “Outperform”.

ARW Company Profile

Arrow Electronics, Inc., incorporated on November 20, 1946, is a well-known provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Firm 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. The Firm operates in two divisions: Global Components and Global Enterprise Computing Solutions. The Firm distributes electronic components to original equipment manufacturers and contract manufacturers through its Global Components segment and provides enterprise computing solutions to value-added resellers (VARs) through its Global Enterprise Computing Solutions segment.

More news for Arrow Electronics, Inc. (NYSE:ARW) were recently published by: Streetinsider.com, which released: “Form 4 ARROW ELECTRONICS INC For: Nov 23 Filed by: Morris Mary Catherine” on November 28, 2016. Businesswire.com‘s article titled: “Arrow Electronics’ Semi-Autonomous Car Hits Record 152 MPH With Quadriplegic …” and published on May 22, 2016 is yet another important article.

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By Ruchi Gupta

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