Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd cut its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 15.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 25,578 shares of the technology company’s stock after selling 4,612 shares during the period. Quadrature Capital Ltd’s holdings in Arrow Electronics were worth $3,313,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Rise Advisors LLC bought a new position in shares of Arrow Electronics during the first quarter worth about $32,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Arrow Electronics by 76.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 346 shares of the technology company’s stock valued at $45,000 after acquiring an additional 150 shares during the period. Principal Securities Inc. bought a new stake in shares of Arrow Electronics in the 4th quarter worth $56,000. GAMMA Investing LLC bought a new stake in Arrow Electronics in the fourth quarter worth about $58,000. Finally, Johnson Financial Group Inc. raised its holdings in shares of Arrow Electronics by 17.1% in the 4th quarter. Johnson Financial Group Inc. now owns 937 shares of the technology company’s stock worth $115,000 after purchasing an additional 137 shares in the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Gail Hamilton sold 2,987 shares of the stock in a transaction on Monday, May 20th. The shares were 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 in the company, valued at approximately $13,524.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andrew Charles Kerin sold 1,520 shares of Arrow Electronics stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $131.66, for a total transaction of $200,123.20. The disclosure for this sale can be found here. Insiders sold a total of 5,976 shares of company stock worth $788,183 in the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Arrow Electronics Stock Up 2.0 %

NYSE:ARW traded up $2.43 during trading hours on Friday, hitting $122.65. 230,407 shares of the stock traded hands, compared to its average volume of 386,050. The firm has a 50 day moving average price of $126.12 and a 200 day moving average price of $122.55. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 9.64 and a beta of 1.27. Arrow Electronics, Inc. has a fifty-two week low of $108.51 and a fifty-two week high of $143.41. 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 data 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 firm 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%. The business’s revenue for the quarter was down 20.7% on a year-over-year basis. During the same period in the prior year, the business earned $4.60 EPS. Equities research analysts anticipate that Arrow Electronics, Inc. will post 10.34 earnings per share for the current year.

Analyst Ratings Changes

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

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.