Robeco Institutional Asset Management B.V. Grows Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Robeco Institutional Asset Management B.V. raised its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 39.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,641 shares of the technology company's stock after purchasing an additional 12,159 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.08% of Arrow Electronics worth $5,664,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in ARW. Fifth Third Bancorp raised its stake in shares of Arrow Electronics by 0.3% during the 2nd quarter. Fifth Third Bancorp now owns 28,325 shares of the technology company's stock worth $3,421,000 after acquiring an additional 82 shares in the last quarter. 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 valued at $2,606,000 after purchasing an additional 95 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of Arrow Electronics by 1.7% in the 1st quarter. QRG Capital Management Inc. now owns 6,223 shares of the technology company's stock valued at $806,000 after buying an additional 107 shares during the period. Commonwealth Equity Services LLC boosted its position in Arrow Electronics by 2.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 4,623 shares of the technology company's stock worth $598,000 after purchasing an additional 108 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its position in Arrow Electronics by 2.3% during the second quarter. SummerHaven Investment Management LLC now owns 5,184 shares of the technology company's stock valued at $626,000 after buying an additional 117 shares during the period. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Arrow Electronics Price Performance

Shares of NYSE:ARW traded down $1.19 during midday trading on Friday, hitting $120.20. The company's stock had a trading volume of 360,979 shares, compared to its average volume of 466,342. The company has a market cap of $6.32 billion, a P/E ratio of 13.42 and a beta of 1.27. The business's 50 day simple moving average is $129.96 and its 200 day simple moving average is $128.08. Arrow Electronics, Inc. has a 12-month low of $108.51 and a 12-month high of $137.80. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.46.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly 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 firm 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 business's revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.14 EPS. On average, analysts forecast that Arrow Electronics, Inc. will post 10.43 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ARW shares. Wells Fargo & Company increased their price target on Arrow Electronics from $100.00 to $110.00 and gave the stock an "underweight" rating in a research report on Friday, August 2nd. Raymond James cut their price target 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. Finally, Truist Financial dropped 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 report on Friday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $124.25.

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.