XTX Topco Ltd Takes $365,000 Position in Arrow Electronics, Inc. (NYSE:ARW)

XTX Topco Ltd purchased a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 3,228 shares of the technology company's stock, valued at approximately $365,000.

Several other large investors have also modified their holdings of ARW. Jane Street Group LLC boosted its stake in shares of Arrow Electronics by 27.9% during the 3rd quarter. Jane Street Group LLC now owns 11,497 shares of the technology company's stock worth $1,527,000 after acquiring an additional 2,509 shares in the last quarter. Te Ahumairangi Investment Management Ltd boosted its stake in shares of Arrow Electronics by 4.6% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 31,847 shares of the technology company's stock worth $4,206,000 after acquiring an additional 1,400 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Arrow Electronics during the 3rd quarter worth $621,000. Tidal Investments LLC boosted its stake in shares of Arrow Electronics by 3.5% during the 3rd quarter. Tidal Investments LLC now owns 7,223 shares of the technology company's stock worth $959,000 after acquiring an additional 245 shares in the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of Arrow Electronics by 6.0% during the 3rd quarter. Synovus Financial Corp now owns 3,155 shares of the technology company's stock worth $419,000 after acquiring an additional 178 shares in the last quarter. 99.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Bank of America lowered Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Wells Fargo & Company decreased their target price on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a research report 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 MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $121.25.

Arrow Electronics Stock Up 1.1 %

Shares of Arrow Electronics stock traded up $1.28 during midday trading on Monday, hitting $113.00. The company's stock had a trading volume of 729,753 shares, compared to its average volume of 481,309. The firm has a market capitalization of $5.86 billion, a P/E ratio of 15.52, a PEG ratio of 0.52 and a beta of 1.18. The stock has a 50-day simple moving average of $104.35 and a 200-day simple moving average of $113.60. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. Arrow Electronics, Inc. has a 1-year low of $86.50 and a 1-year high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. As a group, sell-side analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director William F. Austen purchased 1,900 shares of Arrow Electronics stock in a transaction dated Wednesday, March 12th. The stock was acquired 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 in the company, valued at $818,174.96. This represents a 31.89 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Yun Sung Cho sold 353 shares of Arrow Electronics stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $112.11, for a total value of $39,574.83. Following the sale, the chief accounting officer now owns 1,549 shares of the company's stock, valued at approximately $173,658.39. This represents a 18.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.