Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by Dakota Wealth Management

Dakota Wealth Management cut its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 28.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,731 shares of the technology company's stock after selling 4,940 shares during the period. Dakota Wealth Management's holdings in Arrow Electronics were worth $1,440,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Summit Trail Advisors LLC grew its position in shares of Arrow Electronics by 2.8% in the third quarter. Summit Trail Advisors LLC now owns 3,925 shares of the technology company's stock valued at $521,000 after purchasing an additional 108 shares during the period. Creative Planning increased its stake in Arrow Electronics by 1.1% during the 3rd quarter. Creative Planning now owns 11,189 shares of the technology company's stock worth $1,486,000 after buying an additional 123 shares in the last quarter. Covestor Ltd increased its stake in Arrow Electronics by 14.0% during the 3rd quarter. Covestor Ltd now owns 1,064 shares of the technology company's stock worth $141,000 after buying an additional 131 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Arrow Electronics by 24.6% during the third quarter. GAMMA Investing LLC now owns 695 shares of the technology company's stock valued at $92,000 after acquiring an additional 137 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in shares of Arrow Electronics by 9.2% in the third quarter. Foundations Investment Advisors LLC now owns 1,810 shares of the technology company's stock valued at $240,000 after acquiring an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Arrow Electronics Trading Down 0.1 %

Shares of Arrow Electronics stock traded down $0.10 during mid-day trading on Friday, hitting $119.20. The stock had a trading volume of 358,321 shares, compared to its average volume of 413,721. The firm has a 50-day moving average of $116.79 and a two-hundred day moving average of $123.97. The firm has a market cap of $6.27 billion, a P/E ratio of 13.30 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. Arrow Electronics, Inc. has a 12-month low of $108.51 and a 12-month high of $137.80.

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 business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the previous year, the firm earned $4.14 EPS. The business's revenue was down 14.8% on a year-over-year basis. Sell-side analysts forecast that Arrow Electronics, Inc. will post 10.26 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Raymond James reduced their price objective 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. Wells Fargo & Company decreased their price target on shares of Arrow Electronics from $105.00 to $100.00 and set an "underweight" rating on the stock in a research note on Monday, January 13th. Finally, Truist Financial dropped their price target on Arrow Electronics from $141.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, November 1st.

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.