Tidal Investments LLC Grows Stake in Arrow Electronics, Inc. (NYSE:ARW)

Tidal Investments LLC boosted its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 1,666.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 127,620 shares of the technology company's stock after purchasing an additional 120,397 shares during the quarter. Tidal Investments LLC owned about 0.24% of Arrow Electronics worth $14,436,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ARW. BOK Financial Private Wealth Inc. purchased a new position in shares of Arrow Electronics during the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. purchased a new position in shares of Arrow Electronics during the 4th quarter valued at $31,000. New Age Alpha Advisors LLC purchased a new stake in Arrow Electronics during the 4th quarter worth about $47,000. Principal Securities Inc. lifted 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 in the last quarter. Finally, CoreFirst Bank & Trust bought a new position in Arrow Electronics in the 4th quarter worth about $55,000. Institutional investors own 99.34% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Bank of America lowered Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th. Wells Fargo & Company dropped their target price on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $121.25.

Insider Activity 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 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 approximately $12,361.39. This represents a 93.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eric Nowak sold 4,952 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $122.39, for a total value of $606,075.28. Following the completion of the sale, the insider now directly owns 43,895 shares of the company's stock, valued at $5,372,309.05. The trade was a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,763 shares of company stock worth $824,095. 1.00% of the stock is owned by insiders.

Arrow Electronics Trading Down 1.6%

Shares of ARW stock traded down $1.96 during trading hours on Friday, reaching $117.19. The company's stock had a trading volume of 264,306 shares, compared to its average volume of 493,086. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80. The stock has a market capitalization of $6.08 billion, a P/E ratio of 16.10, a P/E/G ratio of 0.52 and a beta of 1.10. The firm's fifty day simple moving average is $108.36 and its 200 day simple moving average is $112.04.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.47 by $0.33. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.32 billion. During the same period in the previous year, the company posted $2.41 earnings per share. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts expect 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.