Polaris Capital Management LLC Purchases 2,800 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Polaris Capital Management LLC lifted its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 261,203 shares of the technology company's stock after buying an additional 2,800 shares during the period. Polaris Capital Management LLC owned about 0.50% of Arrow Electronics worth $29,547,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in Arrow Electronics during the third quarter valued at $31,000. Brooklyn Investment Group bought a new position in shares of Arrow Electronics in the third quarter worth about $40,000. Capital Performance Advisors LLP bought a new position in shares of Arrow Electronics in the third quarter worth about $73,000. DekaBank Deutsche Girozentrale bought a new position in Arrow Electronics during the third quarter valued at about $78,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Arrow Electronics during the third quarter valued at about $88,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Analyst Upgrades and Downgrades

ARW has been the topic of several research reports. Truist Financial lowered their price target 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. Bank of America downgraded Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Wells Fargo & Company reduced their target price on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a report on Friday, February 7th. Finally, Raymond James reduced their target price on Arrow Electronics from $140.00 to $135.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $121.25.

Arrow Electronics Trading Up 0.9 %

Shares of Arrow Electronics stock traded up $0.99 on Friday, hitting $109.21. 122,559 shares of the company's stock traded hands, compared to its average volume of 489,534. The firm's 50-day moving average price is $115.21 and its two-hundred day moving average price is $123.10. The stock has a market capitalization of $5.74 billion, a PE ratio of 15.01 and a beta of 1.26. Arrow Electronics, Inc. has a one year low of $105.00 and a one year high of $137.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.09.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. On average, research analysts expect that Arrow Electronics, Inc. will post 12.81 EPS for the current fiscal 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.