Trexquant Investment LP Decreases Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Trexquant Investment LP lowered its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 90.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,796 shares of the technology company's stock after selling 54,793 shares during the quarter. Trexquant Investment LP's holdings in Arrow Electronics were worth $656,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ARW. Boston Partners boosted its holdings in Arrow Electronics by 14.8% in the 4th quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock valued at $280,138,000 after purchasing an additional 318,329 shares in the last quarter. Greenhaven Associates Inc. boosted its stake in shares of Arrow Electronics by 1.1% in the fourth quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company's stock valued at $215,477,000 after buying an additional 20,484 shares in the last quarter. Sei Investments Co. grew its holdings in Arrow Electronics by 6.3% during the fourth quarter. Sei Investments Co. now owns 770,975 shares of the technology company's stock worth $87,214,000 after acquiring an additional 45,593 shares during the period. Lind Value II ApS raised its position in Arrow Electronics by 36.3% in the fourth quarter. Lind Value II ApS now owns 648,637 shares of the technology company's stock worth $73,374,000 after acquiring an additional 172,669 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Arrow Electronics by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 498,907 shares of the technology company's stock worth $56,436,000 after acquiring an additional 14,971 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

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Arrow Electronics Price Performance

NYSE ARW traded down $1.49 during trading hours on Wednesday, reaching $99.11. The company's stock had a trading volume of 357,927 shares, compared to its average volume of 469,699. The company's 50-day moving average is $104.78 and its two-hundred day moving average is $115.33. The stock has a market cap of $5.14 billion, a PE ratio of 13.61, a PEG ratio of 0.52 and a beta of 1.18. Arrow Electronics, Inc. has a fifty-two week low of $86.50 and a fifty-two week high of $137.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Bank of America downgraded shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Wells Fargo & Company reduced their price target on shares of 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 given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $121.25.

Insider Buying and Selling at Arrow Electronics

In other news, CAO Yun Sung Cho sold 353 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $112.11, for a total value of $39,574.83. Following the completion of the transaction, the chief accounting officer now owns 1,549 shares of the company's stock, valued at $173,658.39. The trade was a 18.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William F. Austen bought 1,900 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the transaction, the director now 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. 1.00% of the stock is owned by insiders.

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.