Occudo Quantitative Strategies LP Acquires New Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Occudo Quantitative Strategies LP purchased a new stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,898 shares of the technology company's stock, valued at approximately $554,000.

Several other institutional investors have also recently made changes to their positions in the stock. FMR LLC grew its position in shares of Arrow Electronics by 208.8% in the 4th quarter. FMR LLC now owns 1,343,090 shares of the technology company's stock valued at $151,930,000 after acquiring an additional 908,185 shares during the period. Bank of America Corp DE lifted its stake in Arrow Electronics by 163.7% in the 4th quarter. Bank of America Corp DE now owns 1,176,527 shares of the technology company's stock valued at $133,089,000 after purchasing an additional 730,408 shares during the last quarter. Fiduciary Management Inc. WI lifted its stake in Arrow Electronics by 44.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock valued at $175,214,000 after purchasing an additional 473,909 shares during the last quarter. Boston Partners grew its holdings in Arrow Electronics by 14.8% during the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock worth $280,138,000 after purchasing an additional 318,329 shares during the period. Finally, Lind Value II ApS increased its position in Arrow Electronics by 36.3% during the fourth quarter. Lind Value II ApS now owns 648,637 shares of the technology company's stock worth $73,374,000 after buying an additional 172,669 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Arrow Electronics Stock Performance

Shares of Arrow Electronics stock traded up $0.65 during trading on Tuesday, reaching $121.58. The company's stock had a trading volume of 75,412 shares, compared to its average volume of 604,087. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The business's 50-day moving average price is $107.24 and its 200-day moving average price is $112.02. Arrow Electronics, Inc. has a 52 week low of $86.50 and a 52 week high of $137.80. The firm has a market cap of $6.31 billion, a PE ratio of 16.70, a P/E/G ratio of 0.52 and a beta of 1.10.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.80 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $6.32 billion. During the same quarter in the previous year, the company earned $2.41 EPS. The business's revenue was down 1.6% on a year-over-year basis. Equities analysts forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Insider Activity at Arrow Electronics

In related news, Director Gail Hamilton sold 1,458 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $122.39, for a total value of $178,444.62. Following the sale, the director now directly owns 101 shares of the company's stock, valued at $12,361.39. This trade represents a 93.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Eric Nowak sold 4,952 shares of the stock in a transaction that occurred 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 directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,763 shares of company stock worth $824,095. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wells Fargo & Company cut their target price 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. Bank of America downgraded shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research 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 company. According to MarketBeat.com, Arrow Electronics 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.