International Assets Investment Management LLC Makes New $54.17 Million Investment in Arrow Electronics, Inc. (NYSE:ARW)

International Assets Investment Management LLC acquired a new position in Arrow Electronics, Inc. (NYSE:ARW) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 40,779 shares of the technology company’s stock, valued at approximately $54,170,000. International Assets Investment Management LLC owned approximately 0.08% of Arrow Electronics at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ARW. Pacer Advisors Inc. lifted its holdings in Arrow Electronics by 9,044.0% in the 2nd quarter. Pacer Advisors Inc. now owns 1,218,159 shares of the technology company’s stock worth $147,105,000 after buying an additional 1,204,837 shares in the last quarter. Boston Partners raised its stake in shares of Arrow Electronics by 108.5% in 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 in the last quarter. Lind Value II ApS acquired a new stake in shares of Arrow Electronics in the 1st quarter valued at about $66,949,000. Dimensional Fund Advisors LP raised its stake in shares of Arrow Electronics by 13.4% in the 2nd 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 in the last quarter. Finally, Loews Corp acquired a new stake in shares of Arrow Electronics in the 1st quarter valued at about $25,892,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Arrow Electronics Stock Performance

ARW stock opened at $132.39 on Monday. Arrow Electronics, Inc. has a 1 year low of $108.51 and a 1 year high of $137.39. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 10.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.48. The stock’s fifty day moving average is $131.56 and its two-hundred day moving average is $128.06.

Arrow Electronics (NYSE:ARW) last posted its earnings results 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. Arrow Electronics had a net margin of 1.97% and a return on equity of 12.77%. The firm had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.52 billion. During the same period in the previous year, the business posted $4.37 EPS. Arrow Electronics’s revenue was down 19.0% on a year-over-year basis. On average, research analysts predict that Arrow Electronics, Inc. will post 10.74 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ARW shares. Wells Fargo & Company upped their target price 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. Raymond James boosted their target price on shares of Arrow Electronics from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Truist Financial lifted their price target on shares of Arrow Electronics from $124.00 to $141.00 and gave the company a “hold” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Arrow Electronics has an average rating of “Hold” and an average price target of $130.75.

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.