Moody Aldrich Partners LLC Invests $1.57 Million in Arrow Electronics, Inc. (NYSE:ARW)

Moody Aldrich Partners LLC bought a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,904 shares of the technology company's stock, valued at approximately $1,573,000.

Other hedge funds also recently made changes to their positions in the company. Summit Trail Advisors LLC increased its position in Arrow Electronics by 2.8% in the third quarter. Summit Trail Advisors LLC now owns 3,925 shares of the technology company's stock worth $521,000 after buying an additional 108 shares during the last quarter. Creative Planning lifted its holdings in Arrow Electronics by 1.1% during the third quarter. Creative Planning now owns 11,189 shares of the technology company's stock valued at $1,486,000 after purchasing an additional 123 shares during the last quarter. Covestor Ltd boosted its position in Arrow Electronics by 14.0% during the third quarter. Covestor Ltd now owns 1,064 shares of the technology company's stock worth $141,000 after purchasing an additional 131 shares during the period. GAMMA Investing LLC increased its stake in shares of Arrow Electronics by 24.6% in the third quarter. GAMMA Investing LLC now owns 695 shares of the technology company's stock worth $92,000 after purchasing an additional 137 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised 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 purchasing an additional 153 shares during the period. 99.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ARW has been the subject of several analyst reports. Wells Fargo & Company cut their price objective on shares of Arrow Electronics from $105.00 to $100.00 and set an "underweight" rating for the company in a report on Monday, January 13th. 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 report on Friday, November 1st. Finally, Truist Financial decreased their price objective on Arrow Electronics from $141.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, November 1st.

Arrow Electronics Price Performance

NYSE:ARW traded down $0.39 during mid-day trading on Friday, hitting $116.61. 389,974 shares of the stock traded hands, compared to its average volume of 382,080. Arrow Electronics, Inc. has a 12-month low of $108.51 and a 12-month high of $137.80. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.39. The company has a market cap of $6.13 billion, a PE ratio of 13.01 and a beta of 1.26. The business's 50-day moving average price is $116.90 and its 200 day moving average price is $123.80.

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 for the quarter, topping the consensus estimate of $2.23 by $0.15. The firm had revenue of $6.82 billion for the quarter, compared to analysts' expectations of $6.73 billion. Arrow Electronics had a net margin of 1.71% and a return on equity of 10.71%. The business's quarterly revenue was down 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.14 earnings per share. On average, analysts expect that Arrow Electronics, Inc. will post 10.26 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.