XTX Topco Ltd Acquires New Position in Arrow Electronics, Inc. (NYSE:ARW)

XTX Topco Ltd bought a new position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,228 shares of the technology company's stock, valued at approximately $365,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ARW. BOK Financial Private Wealth Inc. purchased a new position in Arrow Electronics during the 4th quarter worth $25,000. Brown Brothers Harriman & Co. purchased a new stake in Arrow Electronics in the fourth quarter worth about $31,000. New Age Alpha Advisors LLC purchased a new stake in Arrow Electronics in the fourth quarter worth about $47,000. Principal Securities Inc. grew its holdings in Arrow Electronics by 35.7% during the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock worth $54,000 after acquiring an additional 126 shares in the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in Arrow Electronics during the 4th quarter valued at about $55,000. Institutional investors own 99.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered 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. Bank of America lowered Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $121.25.

Insider Buying and Selling at Arrow Electronics

In other news, Director William F. Austen bought 1,900 shares of Arrow Electronics stock in a transaction that occurred 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 purchase, the director now directly owns 7,858 shares of the company's stock, valued at approximately $818,174.96. The trade was a 31.89 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Yun Sung Cho sold 353 shares of the business's 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 in the company, valued at approximately $173,658.39. The trade was a 18.56 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Arrow Electronics Trading Up 2.7 %

NYSE ARW opened at $104.93 on Wednesday. Arrow Electronics, Inc. has a 52 week low of $86.50 and a 52 week high of $137.80. The company has a 50 day moving average price of $104.27 and a 200 day moving average price of $114.33. 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 firm has a market cap of $5.44 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, beating 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 forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

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.

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