Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by Oldfield Partners LLP

Oldfield Partners LLP trimmed its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 24.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 337,900 shares of the technology company's stock after selling 112,300 shares during the period. Arrow Electronics makes up about 11.1% of Oldfield Partners LLP's portfolio, making the stock its 5th largest holding. Oldfield Partners LLP owned 0.64% of Arrow Electronics worth $38,223,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its position in Arrow Electronics by 71.9% in the third quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company's stock worth $278,220,000 after purchasing an additional 876,396 shares during the period. Greenhaven Associates Inc. raised its stake in Arrow Electronics by 1.1% during the 4th quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company's stock valued at $215,477,000 after purchasing an additional 20,484 shares during the period. State Street Corp increased its stake in shares of Arrow Electronics by 0.3% in the third quarter. State Street Corp now owns 1,689,695 shares of the technology company's stock worth $224,442,000 after acquiring an additional 4,811 shares during the last quarter. Lind Value II ApS increased its stake in shares of 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Arrow Electronics by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 483,936 shares of the technology company's stock worth $64,281,000 after acquiring an additional 10,340 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Arrow Electronics Stock Performance

ARW stock traded down $0.39 during mid-day trading on Friday, reaching $116.61. 389,974 shares of the stock traded hands, compared to its average volume of 382,080. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.39. Arrow Electronics, Inc. has a 52 week low of $108.51 and a 52 week high of $137.80. The business has a 50-day moving average of $116.90 and a two-hundred day moving average of $123.80. The firm has a market capitalization of $6.13 billion, a PE ratio of 13.01 and a beta of 1.26.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.23 by $0.15. Arrow Electronics had a net margin of 1.71% and a return on equity of 10.71%. The company had revenue of $6.82 billion during the quarter, compared to analysts' expectations of $6.73 billion. During the same period in the prior year, the company earned $4.14 earnings per share. The business's quarterly revenue was down 14.8% compared to the same quarter last year. As a group, equities analysts predict that Arrow Electronics, Inc. will post 10.26 EPS for the current fiscal year.

Analyst Ratings Changes

ARW has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on shares of Arrow Electronics from $105.00 to $100.00 and set an "underweight" rating on the stock in a research note on Monday, January 13th. Truist Financial decreased their price objective on shares of Arrow Electronics from $141.00 to $120.00 and set a "hold" rating for the company in a report on Friday, November 1st. Finally, Raymond James decreased their price objective on shares of Arrow Electronics from $140.00 to $135.00 and set an "outperform" rating for the company in a report on Friday, November 1st.

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.