Caisse DE Depot ET Placement DU Quebec Has $19.86 Million Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Caisse DE Depot ET Placement DU Quebec raised its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 220.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 149,510 shares of the technology company's stock after buying an additional 102,854 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.28% of Arrow Electronics worth $19,859,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its holdings in Arrow Electronics by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,310 shares of the technology company's stock worth $3,795,000 after buying an additional 1,381 shares in the last quarter. Cetera Advisors LLC acquired a new position in Arrow Electronics during the first quarter valued at approximately $235,000. DekaBank Deutsche Girozentrale purchased a new stake in Arrow Electronics during the 1st quarter worth $81,000. Versant Capital Management Inc grew its stake in shares of Arrow Electronics by 794.6% in the second quarter. Versant Capital Management Inc now owns 331 shares of the technology company's stock valued at $40,000 after buying an additional 294 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in Arrow Electronics by 251.1% in the second quarter. Harbor Capital Advisors Inc. now owns 29,413 shares of the technology company's stock valued at $3,552,000 after acquiring an additional 21,036 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Arrow Electronics Stock Up 2.0 %

Shares of Arrow Electronics stock traded up $2.44 during trading on Monday, hitting $122.60. 315,915 shares of the stock traded hands, compared to its average volume of 461,417. The company has a fifty day moving average price of $126.54 and a two-hundred day moving average price of $127.03. Arrow Electronics, Inc. has a twelve month low of $108.51 and a twelve month high of $137.80. The stock has a market cap of $6.45 billion, a P/E ratio of 13.68 and a beta of 1.27. 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $6.73 billion. During the same period in the prior year, the company earned $4.14 earnings per share. The business's quarterly revenue was down 14.8% compared to the same quarter last year. Equities research analysts predict that Arrow Electronics, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on ARW shares. Truist Financial cut their target price on Arrow Electronics from $141.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Raymond James decreased their target price on Arrow Electronics from $140.00 to $135.00 and set an "outperform" rating for the company in a research note 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 company. Based on data from MarketBeat, Arrow Electronics presently has an average rating of "Hold" and a consensus target price of $124.25.

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.