Arrow Electronics Inc (NYSE:ARW)’s Trend Up, Especially After Decreased Shorts

June 18, 2018 - By Marie Mckinney

Arrow Electronics, Inc. (NYSE:ARW) Logo

Investors sentiment decreased to 0.8 in Q1 2018. Its down 0.37, from 1.17 in 2017Q4. It is negative, as 30 investors sold Arrow Electronics, Inc. shares while 136 reduced holdings. 41 funds opened positions while 92 raised stakes. 79.84 million shares or 0.79% less from 80.48 million shares in 2017Q4 were reported.
Goldman Sachs Gp reported 0.03% of its portfolio in Arrow Electronics, Inc. (NYSE:ARW). Amalgamated Bancorp, a New York-based fund reported 17,496 shares. Bowling Mngmt Limited Liability reported 10,557 shares. Vertex One Asset Mngmt Incorporated holds 0.3% or 21,354 shares. Moreover, Wealth Enhancement Advisory Svcs Ltd has 0.06% invested in Arrow Electronics, Inc. (NYSE:ARW). D E Shaw Inc accumulated 3,511 shares. The California-based Reilly Advsr Ltd Liability Corporation has invested 1.37% in Arrow Electronics, Inc. (NYSE:ARW). 13 were reported by Qs Invsts Lc. Moreover, Dupont Capital Mngmt has 0.12% invested in Arrow Electronics, Inc. (NYSE:ARW) for 63,955 shares. Hancock Hldgs reported 3,315 shares. Shell Asset Mgmt accumulated 3,625 shares. Beck Mack And Oliver Llc holds 0.01% or 3,500 shares in its portfolio. The Japan-based Daiwa Securities Gru has invested 0% in Arrow Electronics, Inc. (NYSE:ARW). Walleye Trading Limited Liability reported 1,404 shares. Twin Tree Ltd Partnership accumulated 2,472 shares.

Since February 22, 2018, it had 0 buys, and 5 insider sales for $5.03 million activity. $4.23 million worth of Arrow Electronics, Inc. (NYSE:ARW) was sold by LONG MICHAEL J. 1,785 shares were sold by Anderson Matthew R, worth $132,367. 3,125 Arrow Electronics, Inc. (NYSE:ARW) shares with value of $258,250 were sold by Melvin Vincent P.

The stock of Arrow Electronics Inc (NYSE:ARW) registered a decrease of 13.37% in short interest. ARW’s total short interest was 2.54M shares in June as published by FINRA. Its down 13.37% from 2.93 million shares, reported previously. With 354,500 shares average volume, it will take short sellers 7 days to cover their ARW’s short positions. The short interest to Arrow Electronics Inc’s float is 2.91%.

The stock decreased 0.64% or $0.51 during the last trading session, reaching $78.99. About 153,436 shares traded. Arrow Electronics, Inc. (NYSE:ARW) has declined 1.29% since June 18, 2017 and is downtrending. It has underperformed by 13.86% the S&P500.

Arrow Electronics, Inc. provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. The company has market cap of $6.92 billion. The firm operates in two divisions, Global Components and Global Enterprise Computing Solutions. It has a 16.57 P/E ratio. 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 services and products.

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

Among 4 analysts covering Arrow Electronics (NYSE:ARW), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Arrow Electronics had 5 analyst reports since January 18, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, January 18 by Stifel Nicolaus. Raymond James upgraded Arrow Electronics, Inc. (NYSE:ARW) on Monday, February 12 to “Buy” rating. Deutsche Bank maintained the stock with “Hold” rating in Friday, May 4 report. The company was maintained on Friday, May 4 by Stifel Nicolaus.

Arrow Electronics, Inc. (NYSE:ARW) Institutional Positions Chart

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