Amalgamated Bank Has $3.36 Million Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Amalgamated Bank lessened its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 24.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,255 shares of the technology company's stock after selling 8,213 shares during the period. Amalgamated Bank's holdings in Arrow Electronics were worth $3,355,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in shares of Arrow Electronics by 0.3% in the second quarter. Fifth Third Bancorp now owns 28,325 shares of the technology company's stock valued at $3,421,000 after purchasing an additional 82 shares during the period. Two Point Capital Management Inc. lifted its position in Arrow Electronics by 0.4% during the second quarter. Two Point Capital Management Inc. now owns 21,584 shares of the technology company's stock worth $2,606,000 after acquiring an additional 95 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Arrow Electronics by 1.7% during the first quarter. QRG Capital Management Inc. now owns 6,223 shares of the technology company's stock worth $806,000 after acquiring an additional 107 shares during the period. SummerHaven Investment Management LLC grew its position in shares of Arrow Electronics by 2.3% in the second quarter. SummerHaven Investment Management LLC now owns 5,184 shares of the technology company's stock valued at $626,000 after purchasing an additional 117 shares during the last quarter. Finally, Meixler Investment Management Ltd. increased its stake in shares of Arrow Electronics by 7.7% during the second quarter. Meixler Investment Management Ltd. now owns 1,716 shares of the technology company's stock worth $207,000 after purchasing an additional 122 shares during the period. Institutional investors and hedge funds own 99.34% of the company's stock.

Analyst Upgrades and Downgrades

ARW has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Arrow Electronics from $100.00 to $110.00 and gave the company an "underweight" rating in a research note on Friday, August 2nd. Raymond James reduced their target price on shares of Arrow Electronics from $140.00 to $135.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Finally, Truist Financial decreased their price target on shares of Arrow Electronics from $141.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $124.25.

Arrow Electronics Price Performance

Shares of NYSE:ARW traded down $1.19 during trading on Friday, reaching $120.20. 360,979 shares of the company traded hands, compared to its average volume of 405,098. The firm has a market capitalization of $6.32 billion, a PE ratio of 13.42 and a beta of 1.27. Arrow Electronics, Inc. has a 52 week low of $108.51 and a 52 week high of $137.80. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.39. The company's 50 day moving average is $129.96 and its two-hundred day moving average is $128.10.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.23 by $0.15. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.73 billion. Arrow Electronics had a net margin of 1.71% and a return on equity of 10.71%. The business's revenue for the quarter was down 14.8% on a year-over-year basis. During the same period in the prior year, the company posted $4.14 earnings per share. As a group, sell-side analysts predict that Arrow Electronics, Inc. will post 10.43 earnings per share for the current 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.