Voloridge Investment Management LLC Has $40.05 Million Position in Arrow Electronics, Inc. (NYSE:ARW)

Voloridge Investment Management LLC lifted its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 20.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 354,007 shares of the technology company’s stock after purchasing an additional 61,280 shares during the quarter. Voloridge Investment Management LLC owned about 0.67% of Arrow Electronics worth $40,045,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Arrow Electronics by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company’s stock valued at $331,493,000 after buying an additional 91,310 shares during the period. Boston Partners boosted its stake in Arrow Electronics by 14.8% in the 4th quarter. Boston Partners now owns 2,474,074 shares of the technology company’s stock worth $280,138,000 after purchasing an additional 318,329 shares during the period. Greenhaven Associates Inc. increased its holdings in Arrow Electronics by 1.1% during the 4th quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company’s stock worth $215,477,000 after purchasing an additional 20,484 shares in the last quarter. Fiduciary Management Inc. WI raised its stake in shares of Arrow Electronics by 44.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company’s stock valued at $175,214,000 after purchasing an additional 473,909 shares during the period. Finally, Earnest Partners LLC lifted its holdings in shares of Arrow Electronics by 5.5% in the fourth quarter. Earnest Partners LLC now owns 1,486,157 shares of the technology company’s stock valued at $168,114,000 after purchasing an additional 77,396 shares in the last quarter. 99.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ARW has been the subject of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Bank of America cut Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $121.25.

Insider Buying and Selling at Arrow Electronics

In related news, Director Gail Hamilton sold 1,458 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $122.39, for a total transaction of $178,444.62. Following the sale, the director now owns 101 shares in the company, valued at approximately $12,361.39. This trade represents a 93.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Yun Sung Cho sold 353 shares of Arrow Electronics stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $112.11, for a total transaction of $39,574.83. Following the completion of the transaction, the chief accounting officer now directly owns 1,549 shares in the company, valued at $173,658.39. This trade represents a 18.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,763 shares of company stock valued at $824,095 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Arrow Electronics Stock Performance

Shares of NYSE ARW opened at $120.62 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 0.52 and a beta of 1.10. The stock’s fifty day moving average price is $107.61 and its two-hundred day moving average price is $112.08. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80.

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

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.