A Reversal for Arrow Electronics Inc (NYSE:ARW) Is Near. The Stock Has Decrease in Shorts

September 16, 2018 - By Robert Shackelford

Arrow Electronics, Inc. (NYSE:ARW) Logo

Investors sentiment increased to 1.03 in Q2 2018. Its up 0.23, from 0.8 in 2018Q1. It improved, as 32 investors sold Arrow Electronics, Inc. shares while 108 reduced holdings. 34 funds opened positions while 110 raised stakes. 79.64 million shares or 0.26% less from 79.84 million shares in 2018Q1 were reported.
State Of Alaska Department Of Revenue holds 9,610 shares or 0.01% of its portfolio. Td Asset Mngmt invested in 61,538 shares. California-based Aperio Gp Ltd Co has invested 0.05% in Arrow Electronics, Inc. (NYSE:ARW). Veritable L P holds 0.02% in Arrow Electronics, Inc. (NYSE:ARW) or 9,604 shares. Stone Ridge Asset Management Limited holds 45,851 shares. Boston Partners holds 3.82 million shares. Legal & General Group Inc Public owns 494,902 shares or 0.03% of their US portfolio. Los Angeles Capital Equity Rech stated it has 92,374 shares or 0.04% of all its holdings. Virginia Retirement Et Al has invested 0.03% in Arrow Electronics, Inc. (NYSE:ARW). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Corp holds 73,600 shares or 0.05% of its portfolio. State Treasurer State Of Michigan invested 0.02% of its portfolio in Arrow Electronics, Inc. (NYSE:ARW). Delphi Mgmt Inc Ma invested in 1.38% or 29,459 shares. Lsv Asset has invested 0.26% in Arrow Electronics, Inc. (NYSE:ARW). Bp Plc has invested 0.03% in Arrow Electronics, Inc. (NYSE:ARW). Pggm reported 192,200 shares or 0.08% of all its holdings.

Since May 29, 2018, it had 0 buys, and 3 insider sales for $1.10 million activity. $156,200 worth of Arrow Electronics, Inc. (NYSE:ARW) was sold by Melvin Vincent P. Another trade for 10,237 shares valued at $810,766 was sold by Morris Mary Catherine.

The stock of Arrow Electronics Inc (NYSE:ARW) registered a decrease of 0.44% in short interest. ARW’s total short interest was 2.73M shares in September as published by FINRA. Its down 0.44% from 2.74M shares, reported previously. With 444,000 shares average volume, it will take short sellers 6 days to cover their ARW’s short positions. The short interest to Arrow Electronics Inc’s float is 3.15%.

The stock increased 0.98% or $0.75 during the last trading session, reaching $77.04. About 346,097 shares traded. Arrow Electronics, Inc. (NYSE:ARW) has declined 4.21% since September 16, 2017 and is downtrending. It has underperformed by 19.83% 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 $6.73 billion. The firm operates in two divisions, Global Components and Global Enterprise Computing Solutions. It has a 13.82 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 3 analysts covering Arrow Electronics (NYSE:ARW), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Arrow Electronics had 3 analyst reports since May 4, 2018 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Friday, May 4 with “Buy”. Deutsche Bank maintained the stock with “Hold” rating in Friday, May 4 report.

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

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