Arrow Electronics, Inc. (NYSE:ARW) is Greenhaven Associates Inc.'s 8th Largest Position

Greenhaven Associates Inc. grew its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,904,857 shares of the technology company's stock after purchasing an additional 20,484 shares during the quarter. Arrow Electronics comprises approximately 3.2% of Greenhaven Associates Inc.'s portfolio, making the stock its 8th biggest holding. Greenhaven Associates Inc. owned 3.62% of Arrow Electronics worth $215,477,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. True Wealth Design LLC bought a new stake in shares of Arrow Electronics during the third quarter valued at about $31,000. Brooklyn Investment Group purchased a new stake in Arrow Electronics in the 3rd quarter worth approximately $40,000. Capital Performance Advisors LLP bought a new position in Arrow Electronics in the 3rd quarter valued at $73,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Arrow Electronics during the 3rd quarter valued at $78,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Arrow Electronics in the third quarter worth $88,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Arrow Electronics Price Performance

Shares of NYSE ARW traded up $0.00 during trading hours on Wednesday, reaching $119.26. 322,206 shares of the stock traded hands, compared to its average volume of 407,675. The company has a market capitalization of $6.27 billion, a P/E ratio of 13.31 and a beta of 1.26. The company's 50-day simple moving average is $116.53 and its two-hundred day simple moving average is $124.03. 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.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.23 by $0.15. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.73 billion. Arrow Electronics had a net margin of 1.71% and a return on equity of 10.71%. The firm's quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $4.14 EPS. Equities research analysts forecast that Arrow Electronics, Inc. will post 10.26 EPS for the current year.

Analysts Set New Price Targets

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

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.