Sendero Wealth Management LLC Acquires 804 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Sendero Wealth Management LLC raised its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 18.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,107 shares of the technology company’s stock after purchasing an additional 804 shares during the quarter. Sendero Wealth Management LLC’s holdings in Arrow Electronics were worth $678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Rise Advisors LLC purchased a new stake in Arrow Electronics in the 1st quarter worth about $32,000. Versant Capital Management Inc increased its stake in Arrow Electronics by 794.6% in the 2nd quarter. Versant Capital Management Inc now owns 331 shares of the technology company’s stock worth $40,000 after acquiring an additional 294 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Arrow Electronics by 76.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 346 shares of the technology company’s stock worth $45,000 after purchasing an additional 150 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Arrow Electronics in the 1st quarter worth approximately $81,000. Finally, GAMMA Investing LLC increased its holdings in shares of Arrow Electronics by 24.6% in the 3rd quarter. GAMMA Investing LLC now owns 695 shares of the technology company’s stock worth $92,000 after buying an additional 137 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Arrow Electronics Trading Down 0.4 %

Shares of NYSE ARW traded down $0.52 during midday trading on Thursday, reaching $133.08. The company had a trading volume of 163,712 shares, compared to its average volume of 472,008. 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, Inc. has a one year low of $108.51 and a one year high of $136.93. The firm’s fifty day moving average price is $129.76 and its 200-day moving average price is $127.53. The stock has a market cap of $7.08 billion, a PE ratio of 10.50 and a beta of 1.26.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ARW shares. Raymond James raised their price target on Arrow Electronics from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Truist Financial boosted their target price on Arrow Electronics from $124.00 to $141.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company increased their price target on shares of Arrow Electronics from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $130.75.

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.