Lind Value II ApS Grows Stake in Arrow Electronics, Inc. (NYSE:ARW)

Lind Value II ApS boosted its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 36.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 648,637 shares of the technology company's stock after purchasing an additional 172,669 shares during the quarter. Arrow Electronics comprises about 32.6% of Lind Value II ApS's holdings, making the stock its biggest holding. Lind Value II ApS owned 1.23% of Arrow Electronics worth $73,374,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ARW. Pacer Advisors Inc. grew its position in Arrow Electronics by 71.9% in the 3rd quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company's stock valued at $278,220,000 after acquiring an additional 876,396 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Arrow Electronics by 1,072.6% in the 3rd quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company's stock valued at $5,564,000 after purchasing an additional 37,746 shares during the period. Cerity Partners LLC increased its holdings in Arrow Electronics by 140.4% in the 3rd quarter. Cerity Partners LLC now owns 12,034 shares of the technology company's stock worth $1,598,000 after acquiring an additional 7,028 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Arrow Electronics during the 2nd quarter worth about $1,267,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Arrow Electronics by 115.0% in the third quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company's stock valued at $41,948,000 after acquiring an additional 168,904 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

Arrow Electronics Stock Up 1.1 %

Shares of Arrow Electronics stock traded up $1.27 during trading hours on Wednesday, hitting $114.16. 428,965 shares of the company's stock traded hands, compared to its average volume of 394,152. The company has a market cap of $6.00 billion, a PE ratio of 12.74 and a beta of 1.26. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.39. The stock has a 50 day simple moving average of $116.92 and a 200-day simple moving average of $124.13. Arrow Electronics, Inc. has a twelve month low of $108.51 and a twelve month high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $6.73 billion. Arrow Electronics had a return on equity of 10.71% and a net margin of 1.71%. The business's revenue was down 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $4.14 earnings per share. Equities research analysts anticipate that Arrow Electronics, Inc. will post 10.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on ARW. Wells Fargo & Company lowered their target price on shares of Arrow Electronics from $105.00 to $100.00 and set an "underweight" rating for the company in a research note on Monday. Truist Financial decreased their target price 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. Finally, Raymond James lowered their target price on shares of Arrow Electronics from $140.00 to $135.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st.

About Arrow Electronics

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.