Quadrature Capital Ltd Has $3.69 Million Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Quadrature Capital Ltd raised its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 170.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,190 shares of the technology company’s stock after buying an additional 19,041 shares during the quarter. Quadrature Capital Ltd owned 0.06% of Arrow Electronics worth $3,693,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its position in shares of Arrow Electronics by 10.4% during the fourth quarter. QRG Capital Management Inc. now owns 6,116 shares of the technology company’s stock worth $748,000 after purchasing an additional 575 shares during the period. Oak Thistle LLC acquired a new position in shares of Arrow Electronics during the fourth quarter worth approximately $1,012,000. AustralianSuper Pty Ltd raised its position in shares of Arrow Electronics by 172.5% during the fourth quarter. AustralianSuper Pty Ltd now owns 92,990 shares of the technology company’s stock worth $11,368,000 after purchasing an additional 58,866 shares during the period. Lecap Asset Management Ltd. bought a new stake in Arrow Electronics during the fourth quarter worth $1,259,000. Finally, Norges Bank bought a new stake in Arrow Electronics during the fourth quarter worth $79,027,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, Director Gail Hamilton sold 2,987 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $132.59, for a total value of $396,046.33. Following the completion of the transaction, the director now owns 102 shares in the company, valued at approximately $13,524.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Gail Hamilton sold 2,987 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $132.59, for a total transaction of $396,046.33. Following the transaction, the director now owns 102 shares of the company’s stock, valued at approximately $13,524.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew Charles Kerin sold 1,520 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $131.66, for a total value of $200,123.20. The disclosure for this sale can be found here. Insiders sold 5,976 shares of company stock worth $788,183 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Arrow Electronics Stock Down 0.2 %

Arrow Electronics stock traded down $0.23 during trading on Friday, hitting $131.69. 533,557 shares of the company were exchanged, compared to its average volume of 326,911. The business’s 50 day moving average is $128.05 and its 200 day moving average is $121.81. Arrow Electronics, Inc. has a 52 week low of $108.51 and a 52 week high of $147.42. The company has a market capitalization of $7.01 billion, a P/E ratio of 10.35 and a beta of 1.30. The company has a current ratio of 1.49, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.04. The business had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.08 billion. Arrow Electronics had a return on equity of 14.61% and a net margin of 2.28%. Arrow Electronics’s revenue was down 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.60 earnings per share. Analysts predict that Arrow Electronics, Inc. will post 10.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upped their price target on Arrow Electronics from $116.00 to $132.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th.

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.