Vanguard Personalized Indexing Management LLC Purchases 1,098 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Vanguard Personalized Indexing Management LLC boosted its position in Arrow Electronics, Inc. (NYSE:ARW) by 9.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 12,698 shares of the technology company’s stock after purchasing an additional 1,098 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Arrow Electronics were worth $1,513,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Arrow Electronics in the fourth quarter valued at approximately $79,027,000. Boston Partners lifted its holdings in Arrow Electronics by 108.5% during the 1st 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 during the last quarter. Lind Value II ApS bought a new position in Arrow Electronics during the first quarter worth $66,949,000. Dimensional Fund Advisors LP increased its holdings in shares of Arrow Electronics by 13.4% in 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 purchasing an additional 325,122 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of Arrow Electronics by 56.2% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 851,790 shares of the technology company’s stock valued at $104,131,000 after purchasing an additional 306,371 shares during the period. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Stock Performance

Shares of NYSE:ARW opened at $131.64 on Friday. Arrow Electronics, Inc. has a 12-month low of $108.51 and a 12-month high of $136.93. The company’s 50 day moving average price is $127.46 and its two-hundred day moving average price is $126.50. The firm has a market cap of $7.01 billion, a PE ratio of 10.35 and a beta of 1.27. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.43.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.62. The business had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.52 billion. Arrow Electronics had a return on equity of 12.77% and a net margin of 1.97%. The firm’s quarterly revenue was down 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.37 earnings per share. Equities research analysts predict that Arrow Electronics, Inc. will post 10.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wells Fargo & Company upped their price target 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. Truist Financial upped their target price on Arrow Electronics from $124.00 to $141.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. The Goldman Sachs Group lifted their price target on Arrow Electronics from $116.00 to $132.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. Finally, Raymond James upped their price objective on Arrow Electronics from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. One research 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $130.75.

Arrow Electronics 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.