Versor Investments LP Has $1.27 Million Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Versor Investments LP increased its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 114.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,575 shares of the technology company's stock after buying an additional 5,109 shares during the quarter. Versor Investments LP's holdings in Arrow Electronics were worth $1,272,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in shares of Arrow Electronics by 52.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,057 shares of the technology company's stock valued at $396,000 after buying an additional 1,051 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Arrow Electronics by 4.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,270 shares of the technology company's stock worth $553,000 after purchasing an additional 173 shares during the period. Inspire Advisors LLC purchased a new position in shares of Arrow Electronics during the 1st quarter worth approximately $214,000. QRG Capital Management Inc. boosted its position in shares of Arrow Electronics by 1.7% during the 1st quarter. QRG Capital Management Inc. now owns 6,223 shares of the technology company's stock worth $806,000 after purchasing an additional 107 shares during the period. Finally, Qsemble Capital Management LP purchased a new position in shares of Arrow Electronics during the 1st quarter worth approximately $599,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Arrow Electronics Stock Down 3.1 %

ARW traded down $3.78 on Tuesday, reaching $116.25. 355,403 shares of the company traded hands, compared to its average volume of 464,971. The stock's 50 day moving average price is $129.66 and its 200-day moving average price is $128.05. Arrow Electronics, Inc. has a 52-week low of $108.51 and a 52-week high of $137.80. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 13.40 and a beta of 1.27. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.09.

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. Arrow Electronics had a net margin of 1.71% and a return on equity of 10.71%. The firm 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 EPS. The business's quarterly revenue was down 14.8% compared to the same quarter last year. On average, sell-side analysts expect that Arrow Electronics, Inc. will post 10.29 EPS for the current fiscal 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.