Sendero Wealth Management LLC Raises Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Sendero Wealth Management LLC boosted its stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 47.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,547 shares of the technology company's stock after purchasing an additional 2,440 shares during the period. Sendero Wealth Management LLC's holdings in Arrow Electronics were worth $854,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. True Wealth Design LLC purchased a new stake in shares of Arrow Electronics during the 3rd quarter valued at about $31,000. Brooklyn Investment Group purchased a new stake in Arrow Electronics during the third quarter valued at approximately $40,000. Capital Performance Advisors LLP bought a new position in Arrow Electronics in the third quarter worth approximately $73,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Arrow Electronics during the 3rd quarter worth $78,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Arrow Electronics during the 3rd quarter valued at $88,000. Institutional investors own 99.34% of the company's stock.

Arrow Electronics Price Performance

ARW stock traded up $0.79 during trading on Thursday, reaching $115.02. The company's stock had a trading volume of 385,622 shares, compared to its average volume of 393,292. The company's fifty day moving average is $116.61 and its 200-day moving average is $123.99. Arrow Electronics, Inc. has a 1 year low of $108.51 and a 1 year high of $137.80. The company has a market capitalization of $6.05 billion, a P/E ratio of 12.84 and a beta of 1.26. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.39.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share (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 firm had revenue of $6.82 billion during the quarter, compared to analysts' expectations of $6.73 billion. During the same quarter last year, the business posted $4.14 earnings per share. The firm's revenue was down 14.8% on a year-over-year basis. On average, research analysts expect that Arrow Electronics, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ARW shares. Wells Fargo & Company lowered their target price on Arrow Electronics from $105.00 to $100.00 and set an "underweight" rating on the stock in a research report on Monday. Truist Financial lowered their price objective on Arrow Electronics from $141.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Finally, Raymond James reduced their target price on shares of Arrow Electronics from $140.00 to $135.00 and set an "outperform" rating for the company in a report on Friday, November 1st.

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.