Arrow Electronics, Inc. (NYSE:ARW) Shares Purchased by Atria Investments Inc

Atria Investments Inc lifted its position in Arrow Electronics, Inc. (NYSE:ARW) by 36.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,433 shares of the technology company’s stock after acquiring an additional 1,190 shares during the period. Atria Investments Inc’s holdings in Arrow Electronics were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc grew its position in Arrow Electronics by 794.6% during the 2nd quarter. Versant Capital Management Inc now owns 331 shares of the technology company’s stock worth $40,000 after purchasing an additional 294 shares during the period. Capital Performance Advisors LLP acquired a new stake in Arrow Electronics during the 3rd quarter worth about $73,000. DekaBank Deutsche Girozentrale acquired a new stake in Arrow Electronics during the 3rd quarter worth about $78,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Arrow Electronics during the 3rd quarter worth about $88,000. Finally, GAMMA Investing LLC grew its position in Arrow Electronics by 24.6% during the 3rd quarter. GAMMA Investing LLC now owns 695 shares of the technology company’s stock worth $92,000 after purchasing an additional 137 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARW has been the topic of several analyst reports. Wells Fargo & Company increased their price target on Arrow Electronics from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Truist Financial lowered their target price on shares of Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, Raymond James lowered their target price 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $124.25.

Arrow Electronics Trading Down 1.0 %

Shares of Arrow Electronics stock opened at $113.72 on Wednesday. The firm has a market capitalization of $5.98 billion, a PE ratio of 12.69 and a beta of 1.27. Arrow Electronics, Inc. has a twelve month low of $108.51 and a twelve month high of $137.80. The firm’s 50-day moving average price is $128.17 and its 200 day moving average price is $127.57. 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) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.15. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.73 billion. Arrow Electronics had a net margin of 1.71% and a return on equity of 10.71%. Arrow Electronics’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period last year, the company posted $4.14 EPS. On average, sell-side analysts predict that Arrow Electronics, Inc. will post 10.29 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.