Voloridge Investment Management LLC Has $40.05 Million Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

Voloridge Investment Management LLC raised its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 20.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 354,007 shares of the technology company's stock after buying an additional 61,280 shares during the quarter. Voloridge Investment Management LLC owned about 0.67% of Arrow Electronics worth $40,045,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Park Avenue Securities LLC lifted its holdings in shares of Arrow Electronics by 33.7% in the 4th quarter. Park Avenue Securities LLC now owns 3,601 shares of the technology company's stock valued at $407,000 after buying an additional 908 shares during the period. HB Wealth Management LLC acquired a new position in shares of Arrow Electronics during the 4th quarter worth $205,000. Greenhaven Associates Inc. increased its holdings in shares of Arrow Electronics by 1.1% in the 4th quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company's stock valued at $215,477,000 after purchasing an additional 20,484 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of Arrow Electronics by 13.1% in the fourth quarter. Inspire Investing LLC now owns 3,933 shares of the technology company's stock valued at $445,000 after purchasing an additional 455 shares during the period. Finally, Impact Partnership Wealth LLC boosted its holdings in Arrow Electronics by 15.3% during the fourth quarter. Impact Partnership Wealth LLC now owns 1,776 shares of the technology company's stock worth $201,000 after buying an additional 236 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Wall Street Analysts Forecast Growth

ARW has been the topic of a number of research reports. Bank of America cut Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Wells Fargo & Company dropped their price objective on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $121.25.

Arrow Electronics Trading Down 1.6%

Shares of Arrow Electronics stock traded down $1.96 during trading hours on Monday, reaching $117.19. The stock had a trading volume of 264,306 shares, compared to its average volume of 493,086. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 16.10, 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 current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The firm has a 50 day simple moving average of $108.36 and a two-hundred day simple moving average of $111.97.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.33. The firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.32 billion. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. The company's revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.41 EPS. As a group, equities research analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Insider Activity

In other news, insider Eric Nowak sold 4,952 shares of the business's stock in a transaction dated 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 owns 43,895 shares of the company's stock, valued at approximately $5,372,309.05. The trade was a 10.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William F. Austen acquired 1,900 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the purchase, the director now directly owns 7,858 shares of the company's stock, valued at $818,174.96. This represents a 31.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.00% of the company's stock.

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.