XTX Topco Ltd Has $321,000 Position in Arrow Electronics, Inc. (NYSE:ARW)

XTX Topco Ltd lowered its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 4.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,089 shares of the technology company’s stock after selling 139 shares during the quarter. XTX Topco Ltd’s holdings in Arrow Electronics were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ARW. Golden State Wealth Management LLC raised its holdings in shares of Arrow Electronics by 111.7% during the 1st quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company’s stock valued at $39,000 after purchasing an additional 200 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Arrow Electronics during the 1st quarter valued at $120,000. Lindbrook Capital LLC raised its holdings in shares of Arrow Electronics by 300.5% during the 1st quarter. Lindbrook Capital LLC now owns 1,550 shares of the technology company’s stock valued at $161,000 after purchasing an additional 1,163 shares in the last quarter. Simon Quick Advisors LLC bought a new position in shares of Arrow Electronics during the 1st quarter valued at $203,000. Finally, Fulton Bank N.A. raised its holdings in shares of Arrow Electronics by 6.4% during the 1st quarter. Fulton Bank N.A. now owns 2,026 shares of the technology company’s stock valued at $210,000 after purchasing an additional 122 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Stock Performance

Shares of ARW opened at $120.82 on Monday. The company has a market capitalization of $6.22 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 0.57 and a beta of 1.10. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.39 and a quick ratio of 1.07. The company’s fifty day moving average price is $125.98 and its 200 day moving average price is $115.26.

Arrow Electronics (NYSE:ARW) last announced its earnings results on Thursday, July 31st. The technology company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.03 by $0.40. Arrow Electronics had a net margin of 1.64% and a return on equity of 8.37%. The firm had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the firm posted $2.78 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Insider Activity

In related news, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $124.64, for a total value of $331,542.40. Following the completion of the sale, the senior vice president owned 17,057 shares in the company, valued at approximately $2,125,984.48. This trade represents a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sean J. Kerins bought 8,630 shares of Arrow Electronics stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average price of $114.91 per share, with a total value of $991,673.30. Following the purchase, the chief executive officer owned 122,408 shares of the company’s stock, valued at $14,065,903.28. This trade represents a 7.58% increase in their position. The disclosure for this purchase can be found here. 0.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ARW has been the topic of a number of recent research reports. Bank of America raised their price target on shares of Arrow Electronics from $105.00 to $110.00 and gave the company an “underperform” rating in a report on Monday, June 9th. Wall Street Zen upgraded shares of Arrow Electronics from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $115.75.

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.