Natixis Advisors LLC Buys 67,404 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Natixis Advisors LLC raised its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 46.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,975 shares of the technology company's stock after buying an additional 67,404 shares during the quarter. Natixis Advisors LLC owned about 0.40% of Arrow Electronics worth $28,157,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its position in shares of Arrow Electronics by 52.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,057 shares of the technology company's stock valued at $396,000 after buying an additional 1,051 shares in the last quarter. Blair William & Co. IL lifted its stake in shares of Arrow Electronics by 5.9% in the 1st quarter. Blair William & Co. IL now owns 3,217 shares of the technology company's stock valued at $416,000 after purchasing an additional 178 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Arrow Electronics by 55.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,209 shares of the technology company's stock worth $1,962,000 after purchasing an additional 5,456 shares during the period. Intech Investment Management LLC bought a new position in shares of Arrow Electronics during the 1st quarter valued at approximately $682,000. Finally, Covestor Ltd raised its holdings in Arrow Electronics by 16.9% during the 1st quarter. Covestor Ltd now owns 1,026 shares of the technology company's stock valued at $133,000 after buying an additional 148 shares during the period. Hedge funds and other institutional investors own 99.34% of the company's stock.

Analyst Ratings Changes

ARW has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Arrow Electronics from $100.00 to $110.00 and gave the stock an "underweight" rating in a research note on Friday, August 2nd. Raymond James cut their price target on shares of Arrow Electronics from $140.00 to $135.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Finally, Truist Financial decreased their price objective on shares of Arrow Electronics from $141.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $124.25.

Arrow Electronics Trading Down 0.9 %

Shares of NYSE ARW traded down $1.08 during mid-day trading on Tuesday, reaching $113.82. The company had a trading volume of 254,801 shares, compared to its average volume of 463,890. Arrow Electronics, Inc. has a 52 week low of $108.51 and a 52 week high of $137.80. The business's 50-day moving average is $128.61 and its 200-day moving average is $127.70. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 12.82 and a beta of 1.27. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.23 by $0.15. Arrow Electronics had a return on equity of 10.71% and a net margin of 1.71%. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same period last year, the business posted $4.14 EPS. Arrow Electronics's quarterly revenue was down 14.8% on a year-over-year basis. Equities analysts expect that Arrow Electronics, Inc. will post 10.29 earnings per share for the current year.

About Arrow Electronics

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.