Squarepoint Ops LLC Reduces Stake in Arrow Electronics, Inc. (NYSE:ARW)

Squarepoint Ops LLC reduced its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 21.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 196,823 shares of the technology company's stock after selling 54,170 shares during the quarter. Squarepoint Ops LLC owned 0.37% of Arrow Electronics worth $22,265,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ARW. BOK Financial Private Wealth Inc. bought a new position in Arrow Electronics in the 4th quarter worth about $25,000. Brown Brothers Harriman & Co. purchased a new position in shares of Arrow Electronics in the 4th quarter worth about $31,000. New Age Alpha Advisors LLC purchased a new position in shares of Arrow Electronics in the 4th quarter worth about $47,000. Principal Securities Inc. boosted its holdings in shares of Arrow Electronics by 35.7% in 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 purchased a new position in shares of Arrow Electronics in the 4th quarter worth about $55,000. 99.34% of the stock is currently owned by institutional investors.

Insider Activity at Arrow Electronics

In related news, Director William F. Austen bought 1,900 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the acquisition, the director now directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gail Hamilton sold 1,458 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $122.39, for a total value of $178,444.62. Following the sale, the director now owns 101 shares of the company's stock, valued at $12,361.39. This represents a 93.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Arrow Electronics Trading Up 1.6%

ARW stock traded up $1.92 during trading on Tuesday, hitting $119.05. 44,733 shares of the company traded hands, compared to its average volume of 593,928. The firm has a market capitalization of $6.18 billion, a PE ratio of 16.35, a P/E/G ratio of 0.52 and a beta of 1.10. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80. The company has a 50-day moving average of $108.52 and a 200-day moving average of $111.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.33. The company had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.32 billion. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. Arrow Electronics's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.41 EPS. Analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company cut their price objective on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a 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 equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $121.25.

About Arrow Electronics

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.