Tudor Investment Corp ET AL Sells 49,588 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Tudor Investment Corp ET AL decreased its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 85.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,440 shares of the technology company’s stock after selling 49,588 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Arrow Electronics were worth $955,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Meixler Investment Management Ltd. lifted its holdings in Arrow Electronics by 2.6% during the 4th quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company’s stock worth $387,000 after buying an additional 88 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Arrow Electronics by 1.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company’s stock valued at $539,000 after acquiring an additional 89 shares during the period. Ironwood Investment Management LLC boosted its holdings in Arrow Electronics by 0.4% in the fourth quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company’s stock valued at $2,550,000 after acquiring an additional 100 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Arrow Electronics by 24.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company’s stock worth $64,000 after purchasing an additional 112 shares during the period. Finally, Principal Securities Inc. raised its holdings in Arrow Electronics by 35.7% during the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock worth $54,000 after purchasing an additional 126 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Arrow Electronics Price Performance

Arrow Electronics stock opened at $115.13 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $5.97 billion, a P/E ratio of 15.81, a PEG ratio of 0.52 and a beta of 1.10. The business has a 50-day moving average of $104.72 and a 200-day moving average of $112.84. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80.

Arrow Electronics (NYSE:ARW) last issued its earnings results on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.47 by $0.33. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. The firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.32 billion. During the same quarter in the prior year, the firm earned $2.41 earnings per share. The business’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ARW shares. Bank of America lowered shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Wells Fargo & Company reduced their price objective on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $121.25.

Insiders Place Their Bets

In related news, Director William F. Austen acquired 1,900 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $104.12 per share, with a total value of $197,828.00. Following the transaction, the director now owns 7,858 shares of the company’s stock, valued at $818,174.96. The trade was a 31.89 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Yun Sung Cho sold 353 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $112.11, for a total value of $39,574.83. Following the transaction, the chief accounting officer now owns 1,549 shares of the company’s stock, valued at approximately $173,658.39. This trade represents a 18.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

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.