Harbor Capital Advisors Inc. Trims Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Harbor Capital Advisors Inc. lessened its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 60.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,165 shares of the technology company's stock after selling 28,229 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Arrow Electronics were worth $2,055,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in Arrow Electronics by 9,044.0% in the 2nd quarter. Pacer Advisors Inc. now owns 1,218,159 shares of the technology company's stock valued at $147,105,000 after acquiring an additional 1,204,837 shares during the period. FMR LLC grew 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 purchasing an additional 342,590 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Arrow Electronics by 13.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,743,892 shares of the technology company's stock valued at $331,353,000 after purchasing an additional 325,122 shares during the period. JPMorgan Chase & Co. raised 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 worth $41,948,000 after purchasing an additional 168,904 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Arrow Electronics by 220.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 149,510 shares of the technology company's stock worth $19,859,000 after purchasing an additional 102,854 shares during the period. Institutional investors and hedge funds own 99.34% of the company's stock.

Wall Street Analysts Forecast Growth

ARW has been the topic of several recent research reports. Truist Financial dropped their price objective on shares of Arrow Electronics from $141.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. Raymond James dropped their price target on shares of Arrow Electronics from $140.00 to $135.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st.

Arrow Electronics Price Performance

ARW stock traded down $0.17 on Friday, reaching $111.92. 406,384 shares of the company's stock were exchanged, compared to its average volume of 371,031. The stock has a fifty day moving average of $117.20 and a 200-day moving average of $124.23. The firm has a market cap of $5.89 billion, a PE ratio of 12.49 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 twelve month low of $108.51 and a twelve month high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share for the quarter, topping 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 analysts' expectations of $6.73 billion. During the same period in the prior year, the company posted $4.14 EPS. The business's revenue for the quarter was down 14.8% on a year-over-year basis. As a group, equities analysts predict that Arrow Electronics, Inc. will post 10.23 EPS for the current fiscal year.

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.