Oldfield Partners LLP Has $59.80 Million Stake in Arrow Electronics, Inc. (NYSE:ARW)

Oldfield Partners LLP lessened its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 21.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 450,200 shares of the technology company's stock after selling 122,700 shares during the period. Arrow Electronics comprises approximately 12.6% of Oldfield Partners LLP's portfolio, making the stock its 3rd biggest position. Oldfield Partners LLP owned about 0.85% of Arrow Electronics worth $59,800,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its position in Arrow Electronics by 9,044.0% during the 2nd quarter. Pacer Advisors Inc. now owns 1,218,159 shares of the technology company's stock worth $147,105,000 after acquiring an additional 1,204,837 shares during the period. Boston Partners grew its position in Arrow Electronics by 108.5% during the first quarter. Boston Partners now owns 1,001,443 shares of the technology company's stock valued at $129,622,000 after purchasing an additional 521,117 shares in the last quarter. Lind Value II ApS acquired a new position in Arrow Electronics in the 1st quarter valued at approximately $66,949,000. Dimensional Fund Advisors LP lifted its position in Arrow Electronics by 13.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,743,892 shares of the technology company's stock worth $331,353,000 after buying an additional 325,122 shares in the last quarter. Finally, Loews Corp acquired a new stake in shares of Arrow Electronics during the 1st quarter valued at $25,892,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on ARW. Truist Financial increased their price objective on Arrow Electronics from $124.00 to $141.00 and gave the stock a "hold" rating in a report on Friday, August 2nd. Raymond James increased their price objective on Arrow Electronics from $135.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company lifted their target price on shares of Arrow Electronics from $100.00 to $110.00 and gave the company an "underweight" rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $130.75.

Arrow Electronics Stock Performance

Shares of ARW stock traded down $0.57 during trading on Tuesday, reaching $133.51. The company had a trading volume of 209,875 shares, compared to its average volume of 466,093. The firm's 50 day simple moving average is $131.18 and its two-hundred day simple moving average is $127.91. Arrow Electronics, Inc. has a one year low of $108.51 and a one year high of $137.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.07. The company has a market capitalization of $7.11 billion, a PE ratio of 10.54 and a beta of 1.26.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $2.78 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.62. Arrow Electronics had a net margin of 1.97% and a return on equity of 12.77%. The company had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.52 billion. During the same quarter last year, the firm posted $4.37 earnings per share. The company's quarterly revenue was down 19.0% compared to the same quarter last year. Sell-side analysts forecast that Arrow Electronics, Inc. will post 10.74 earnings per share for the current 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.