Wilmington Savings Fund Society FSB Invests $621,000 in Arrow Electronics, Inc. (NYSE:ARW)

Wilmington Savings Fund Society FSB purchased a new position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,673 shares of the technology company's stock, valued at approximately $621,000.

Other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. increased its position in shares of 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 valued at $147,105,000 after purchasing an additional 1,204,837 shares during the last quarter. FMR LLC boosted its stake in Arrow Electronics by 371.1% during the third quarter. FMR LLC now owns 434,905 shares of the technology company's stock worth $57,768,000 after buying an additional 342,590 shares during the period. Dimensional Fund Advisors LP increased its position in Arrow Electronics by 13.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,743,892 shares of the technology company's stock valued at $331,353,000 after acquiring an additional 325,122 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Arrow Electronics by 220.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 149,510 shares of the technology company's stock valued at $19,859,000 after acquiring an additional 102,854 shares during the period. Finally, Martingale Asset Management L P lifted its holdings in shares of Arrow Electronics by 3,768.6% in the 3rd quarter. Martingale Asset Management L P now owns 83,290 shares of the technology company's stock worth $11,063,000 after acquiring an additional 81,137 shares during the last quarter. Institutional investors own 99.34% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on ARW shares. Raymond James reduced their price target on shares of Arrow Electronics from $140.00 to $135.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Truist Financial decreased their price objective on Arrow Electronics from $141.00 to $120.00 and set a "hold" rating for the company in a report on Friday, November 1st.

Arrow Electronics Stock Down 0.9 %

Shares of NYSE ARW traded down $1.05 during trading hours on Monday, hitting $119.25. 464,739 shares of the stock were exchanged, compared to its average volume of 459,876. The company has a market cap of $6.27 billion, a PE ratio of 13.31 and a beta of 1.26. 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 firm has a fifty day moving average price of $124.35 and a 200-day moving average price of $126.30.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.15. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.73 billion. Arrow Electronics had a return on equity of 10.71% and a net margin of 1.71%. The firm's quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the prior year, the company posted $4.14 EPS. On average, sell-side analysts expect that Arrow Electronics, Inc. will post 10.23 EPS 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.