Buttonwood Financial Advisors Inc. Has $5.30 Million Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Buttonwood Financial Advisors Inc. increased its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,860 shares of the technology company's stock after acquiring an additional 2,703 shares during the period. Arrow Electronics comprises approximately 2.3% of Buttonwood Financial Advisors Inc.'s holdings, making the stock its 11th largest holding. Buttonwood Financial Advisors Inc. owned approximately 0.09% of Arrow Electronics worth $5,301,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. grew its stake in shares of Arrow Electronics by 71.9% during the third quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company's stock valued at $278,220,000 after purchasing an additional 876,396 shares during the last quarter. FMR LLC increased its stake in shares of Arrow Electronics by 371.1% in the 3rd quarter. FMR LLC now owns 434,905 shares of the technology company's stock valued at $57,768,000 after buying an additional 342,590 shares during the period. Lind Value II ApS raised its position in shares of Arrow Electronics by 36.3% during the fourth quarter. Lind Value II ApS now owns 648,637 shares of the technology company's stock worth $73,374,000 after acquiring an additional 172,669 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Arrow Electronics by 115.0% during 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 during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Arrow Electronics by 220.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 149,510 shares of the technology company's stock valued at $19,859,000 after acquiring an additional 102,854 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wells Fargo & Company cut their target price 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. Truist Financial cut their price objective on shares of Arrow Electronics from $141.00 to $120.00 and set a "hold" rating on the stock in a report 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 for the company in a report on Friday, November 1st.

Arrow Electronics Trading Down 2.5 %

Shares of NYSE:ARW traded down $2.99 during mid-day trading on Monday, reaching $116.21. The stock had a trading volume of 439,802 shares, compared to its average volume of 415,350. The firm has a 50 day simple moving average of $116.82 and a two-hundred day simple moving average of $124.00. Arrow Electronics, Inc. has a twelve month low of $108.51 and a twelve month high of $137.80. The firm has a market cap of $6.11 billion, a PE ratio of 12.97 and a beta of 1.26. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share for the quarter, topping 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 company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same period last year, the business posted $4.14 earnings per share. The business's revenue for the quarter was down 14.8% compared to the same quarter last year. On average, research analysts predict that Arrow Electronics, Inc. will post 10.26 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.