8,992 Shares in Arrow Electronics, Inc. (NYSE:ARW) Bought by Twinbeech Capital LP

Twinbeech Capital LP acquired a new position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,992 shares of the technology company's stock, valued at approximately $1,017,000.

Several other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC increased its holdings in Arrow Electronics by 1,666.9% during the 4th quarter. Tidal Investments LLC now owns 127,620 shares of the technology company's stock worth $14,436,000 after purchasing an additional 120,397 shares during the period. Sherbrooke Park Advisers LLC increased its holdings in shares of Arrow Electronics by 56.1% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 2,491 shares of the technology company's stock valued at $282,000 after acquiring an additional 895 shares during the period. ProShare Advisors LLC increased its holdings in shares of Arrow Electronics by 6.6% in the 4th quarter. ProShare Advisors LLC now owns 2,460 shares of the technology company's stock valued at $278,000 after acquiring an additional 152 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Arrow Electronics in the 4th quarter valued at $789,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Arrow Electronics in the 4th quarter valued at $554,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Arrow Electronics Stock Performance

Arrow Electronics stock traded up $1.92 during mid-day trading on Tuesday, reaching $119.05. 44,733 shares of the company traded hands, compared to its average volume of 593,928. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. Arrow Electronics, Inc. has a fifty-two week low of $86.50 and a fifty-two week high of $137.80. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 0.52 and a beta of 1.10. The firm's fifty day moving average is $108.52 and its two-hundred day moving average is $111.95.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings results 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. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.32 billion. During the same quarter in the prior year, the business posted $2.41 EPS. Arrow Electronics's revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Arrow Electronics

In related news, insider Eric Nowak sold 4,952 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $122.39, for a total transaction of $606,075.28. Following the completion of the transaction, the insider now owns 43,895 shares of the company's stock, valued at $5,372,309.05. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William F. Austen bought 1,900 shares of Arrow Electronics stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $104.12 per share, with a total value of $197,828.00. Following the acquisition, 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 disclosure for this purchase can be found here. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ARW. Bank of America downgraded Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Wells Fargo & Company cut their price target on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Arrow Electronics presently has an average rating of "Hold" and a consensus price target of $121.25.

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.