Two Sigma Investments LP Sells 69,045 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Two Sigma Investments LP decreased its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 71.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 28,053 shares of the technology company's stock after selling 69,045 shares during the period. Two Sigma Investments LP owned approximately 0.05% of Arrow Electronics worth $3,173,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ARW. BOK Financial Private Wealth Inc. acquired a new stake in shares of Arrow Electronics during the fourth quarter worth $25,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Arrow Electronics in the fourth quarter valued at approximately $31,000. New Age Alpha Advisors LLC bought a new position in Arrow Electronics in the 4th quarter valued at about $47,000. Principal Securities Inc. boosted its stake in Arrow Electronics by 35.7% in the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock valued at $54,000 after buying an additional 126 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in Arrow Electronics in the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on ARW shares. Bank of America lowered Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Wells Fargo & Company lowered their target price on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a report on Friday, February 7th.

Insider Transactions at Arrow Electronics

In other news, Director William F. Austen bought 1,900 shares of the stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $104.12 per share, for a total transaction 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gail Hamilton sold 1,458 shares of Arrow Electronics stock in a transaction on Monday, May 12th. The stock was sold at an average price of $122.39, for a total transaction of $178,444.62. Following the completion of the transaction, the director now directly owns 101 shares of the company's stock, valued at $12,361.39. The trade was a 93.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Arrow Electronics Stock Up 1.3%

Shares of ARW traded up $1.48 on Tuesday, hitting $118.99. 26,150 shares of the stock traded hands, compared to its average volume of 491,091. The company has a market capitalization of $6.17 billion, a PE ratio of 16.34, a P/E/G ratio of 0.52 and a beta of 1.10. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46. The business has a 50 day simple moving average of $109.73 and a 200 day simple moving average of $112.03.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.80 earnings per share (EPS) 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 return on equity of 9.69% and a net margin of 1.40%. The firm's revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.41 EPS. As a group, equities analysts forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Arrow Electronics 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.