Ieq Capital LLC grew its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 35.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,723 shares of the technology company's stock after buying an additional 2,271 shares during the quarter. Ieq Capital LLC's holdings in Arrow Electronics were worth $987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of ARW. Pacer Advisors Inc. increased its stake in shares of Arrow Electronics by 71.9% in the 3rd quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company's stock worth $278,220,000 after purchasing an additional 876,396 shares in the last quarter. Franklin Resources Inc. increased 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 worth $5,564,000 after purchasing an additional 37,746 shares in the last quarter. Cerity Partners LLC increased its stake in shares of 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 purchasing an additional 7,028 shares in the last quarter. Lind Value II ApS increased its stake in shares of Arrow Electronics by 36.3% in the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company's stock worth $73,374,000 after purchasing an additional 172,669 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Arrow Electronics by 115.0% in the 3rd 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 in the last quarter. 99.34% of the stock is owned by institutional investors.
Arrow Electronics Price Performance
Shares of Arrow Electronics stock traded down $0.40 during trading on Friday, reaching $107.87. 476,139 shares of the stock traded hands, compared to its average volume of 511,237. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 14.82, a P/E/G ratio of 0.52 and a beta of 1.26. The business has a fifty day simple moving average of $113.01 and a two-hundred day simple moving average of $121.84. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. Arrow Electronics, Inc. has a 52-week low of $105.00 and a 52-week high of $137.80.
Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, beating analysts' consensus estimates of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. Sell-side analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Wells Fargo & Company cut their price target on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, February 7th. Bank of America lowered Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday, February 7th. Raymond James cut their price target 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. Finally, Truist Financial cut their price target 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. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $121.25.
Get Our Latest Stock Report on ARW
Insider Activity at Arrow Electronics
In other Arrow Electronics news, CAO Yun Sung Cho sold 237 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $108.73, for a total value of $25,769.01. Following the completion of the sale, the chief accounting officer now owns 2,086 shares of the company's stock, valued at $226,810.78. This trade represents a 10.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by insiders.
About Arrow Electronics
(
Free Report)
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.
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