Janus Henderson Group PLC Acquires 30,380 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Janus Henderson Group PLC lifted its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 14.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 243,750 shares of the technology company's stock after buying an additional 30,380 shares during the period. Janus Henderson Group PLC owned about 0.46% of Arrow Electronics worth $32,377,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ARW. Fifth Third Bancorp raised its stake in shares of Arrow Electronics by 0.3% in the 2nd quarter. Fifth Third Bancorp now owns 28,325 shares of the technology company's stock valued at $3,421,000 after buying an additional 82 shares in the last quarter. Two Point Capital Management Inc. lifted its stake 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 purchasing an additional 95 shares during the period. Summit Trail Advisors LLC boosted its holdings in Arrow Electronics by 2.8% during the third quarter. Summit Trail Advisors LLC now owns 3,925 shares of the technology company's stock valued at $521,000 after purchasing an additional 108 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Arrow Electronics by 2.3% in the 2nd 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 period. Finally, Meixler Investment Management Ltd. raised its holdings in shares of Arrow Electronics by 7.7% in the 2nd quarter. Meixler Investment Management Ltd. now owns 1,716 shares of the technology company's stock worth $207,000 after buying an additional 122 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Raymond James decreased their price target on Arrow Electronics from $140.00 to $135.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Truist Financial reduced their target price 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $124.25.

Arrow Electronics Price Performance

ARW stock traded up $1.13 during midday trading on Friday, reaching $120.49. 268,508 shares of the company's stock traded hands, compared to its average volume of 387,396. The company has a 50-day simple moving average of $125.54 and a two-hundred day simple moving average of $126.78. 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 1-year low of $108.51 and a 1-year high of $137.80. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 13.45 and a beta of 1.26.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.15. Arrow Electronics had a return on equity of 10.71% and a net margin of 1.71%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same period last year, the company posted $4.14 earnings per share. The firm's quarterly revenue was down 14.8% compared to the same quarter last year. On average, analysts anticipate that Arrow Electronics, Inc. will post 10.23 earnings per share for the current year.

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.