Susquehanna Fundamental Investments LLC Acquires 35,450 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Susquehanna Fundamental Investments LLC raised its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 122.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,476 shares of the technology company’s stock after purchasing an additional 35,450 shares during the quarter. Susquehanna Fundamental Investments LLC owned 0.12% of Arrow Electronics worth $7,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Fifth Third Bancorp boosted its holdings in shares of Arrow Electronics by 0.3% in the 2nd quarter. Fifth Third Bancorp now owns 28,325 shares of the technology company’s stock worth $3,421,000 after buying an additional 82 shares during the last quarter. Two Point Capital Management Inc. boosted its stake in Arrow Electronics by 0.4% in the second quarter. Two Point Capital Management Inc. now owns 21,584 shares of the technology company’s stock valued at $2,606,000 after acquiring an additional 95 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Arrow Electronics by 1.7% in the first quarter. QRG Capital Management Inc. now owns 6,223 shares of the technology company’s stock valued at $806,000 after acquiring an additional 107 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Arrow Electronics by 2.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 4,623 shares of the technology company’s stock valued at $598,000 after acquiring an additional 108 shares during the period. Finally, SummerHaven Investment Management LLC increased its stake in shares of Arrow Electronics by 2.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 5,184 shares of the technology company’s stock worth $626,000 after purchasing an additional 117 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

ARW has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on 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 price target on Arrow Electronics from $124.00 to $141.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Finally, Raymond James increased their price target on Arrow Electronics from $135.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $130.75.

Arrow Electronics Stock Down 0.4 %

Arrow Electronics stock opened at $133.92 on Friday. The firm has a 50 day simple moving average of $128.32 and a 200 day simple moving average of $126.89. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.43. Arrow Electronics, Inc. has a 1-year low of $108.51 and a 1-year high of $136.93. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 10.53 and a beta of 1.27.

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

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.