Tudor Investment Corp ET AL Has $955,000 Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Tudor Investment Corp ET AL cut its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 85.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,440 shares of the technology company's stock after selling 49,588 shares during the quarter. Tudor Investment Corp ET AL's holdings in Arrow Electronics were worth $955,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in Arrow Electronics by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company's stock valued at $331,493,000 after buying an additional 91,310 shares in the last quarter. Boston Partners grew its holdings in Arrow Electronics by 14.8% in 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 last quarter. Greenhaven Associates Inc. increased its holdings in shares of Arrow Electronics by 1.1% during the fourth quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company's stock valued at $215,477,000 after acquiring an additional 20,484 shares in the last quarter. Fiduciary Management Inc. WI grew its stake in Arrow Electronics by 44.1% during 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. Finally, Earnest Partners LLC boosted its holdings in shares of Arrow Electronics by 5.5% in the 4th quarter. Earnest Partners LLC now owns 1,486,157 shares of the technology company's stock valued at $168,114,000 after acquiring an additional 77,396 shares during the last quarter. Institutional investors own 99.34% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on ARW shares. Bank of America downgraded Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Wells Fargo & Company reduced their target price on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock 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 given a buy rating to the stock. According to MarketBeat, Arrow Electronics has a consensus rating of "Hold" and an average price target of $121.25.

Arrow Electronics Price Performance

Shares of ARW traded up $4.35 during mid-day trading on Monday, reaching $122.28. 62,835 shares of the company's stock were exchanged, compared to its average volume of 486,257. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 0.52 and a beta of 1.10. 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 company has a 50-day simple moving average of $105.40 and a two-hundred day simple moving average of $112.36. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $6.32 billion. During the same period last year, the company earned $2.41 earnings per share. The company's quarterly revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Insider Transactions at Arrow Electronics

In other news, CAO Yun Sung Cho sold 237 shares of the company's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $108.73, for a total transaction of $25,769.01. Following the completion of the transaction, the chief accounting officer now directly owns 2,086 shares of the company's stock, valued at approximately $226,810.78. This represents a 10.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William F. Austen bought 1,900 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company's stock.

Arrow Electronics 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.