Tudor Investment Corp ET AL decreased its position in Arrow Electronics, Inc. (NYSE:ARW) by 51.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,619 shares of the technology company’s stock after selling 7,938 shares during the period. Tudor Investment Corp ET AL’s holdings in Arrow Electronics were worth $559,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of ARW. Louisiana State Employees Retirement System increased its stake in shares of Arrow Electronics by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the technology company’s stock worth $1,652,000 after buying an additional 300 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Arrow Electronics during the first quarter valued at $521,000. Parametrica Management Ltd acquired a new position in Arrow Electronics during the first quarter valued at $208,000. Capstone Asset Management Co. raised its position in Arrow Electronics by 2.5% in the first quarter. Capstone Asset Management Co. now owns 10,995 shares of the technology company’s stock valued at $807,000 after buying an additional 270 shares during the period. Finally, CrestPoint Capital Management LLC raised its position in Arrow Electronics by 2.1% in the first quarter. CrestPoint Capital Management LLC now owns 9,800 shares of the technology company’s stock valued at $719,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 94.49% of the company’s stock.
Arrow Electronics, Inc. (ARW) opened at 78.78 on Monday. Arrow Electronics, Inc. has a 1-year low of $58.51 and a 1-year high of $80.35. The company has a 50-day moving average price of $76.40 and a 200-day moving average price of $73.74. The company has a market cap of $7.00 billion, a PE ratio of 13.57 and a beta of 1.13.
Arrow Electronics (NYSE:ARW) last released its quarterly earnings data on Thursday, May 4th. The technology company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.02. The company had revenue of $5.76 billion during the quarter, compared to analysts’ expectations of $5.58 billion. Arrow Electronics had a net margin of 2.20% and a return on equity of 13.59%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.43 EPS. On average, analysts expect that Arrow Electronics, Inc. will post $7.12 EPS for the current fiscal year.
ARW has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on Arrow Electronics from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Zacks Investment Research lowered Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $71.17.
In other Arrow Electronics news, insider Sean J. Kerins sold 3,000 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $75.99, for a total value of $227,970.00. Following the completion of the sale, the insider now directly owns 21,736 shares of the company’s stock, valued at approximately $1,651,718.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Gretchen Zech sold 9,781 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $77.34, for a total transaction of $756,462.54. Following the completion of the sale, the senior vice president now directly owns 17,186 shares of the company’s stock, valued at $1,329,165.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,233 shares of company stock valued at $2,148,561. 1.20% of the stock is owned by corporate insiders.
Arrow Electronics Company Profile
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 portfolio of product offerings available from various electronic components and enterprise computing solutions suppliers.
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