KBC Group NV Has $279,000 Position in Arrow Electronics, Inc. (NYSE:ARW)

KBC Group NV boosted its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 73.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,464 shares of the technology company’s stock after acquiring an additional 1,045 shares during the quarter. KBC Group NV’s holdings in Arrow Electronics were worth $279,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Blue Trust Inc. lifted its position in Arrow Electronics by 22.5% during the 4th quarter. Blue Trust Inc. now owns 4,943 shares of the technology company’s stock worth $559,000 after buying an additional 907 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake in Arrow Electronics by 16.8% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,053 shares of the technology company’s stock valued at $232,000 after buying an additional 295 shares during the period. Impact Partnership Wealth LLC raised its holdings in Arrow Electronics by 15.3% in the fourth quarter. Impact Partnership Wealth LLC now owns 1,776 shares of the technology company’s stock worth $201,000 after purchasing an additional 236 shares during the period. Inspire Investing LLC raised its position in shares of Arrow Electronics by 13.1% during the fourth quarter. Inspire Investing LLC now owns 3,933 shares of the technology company’s stock worth $445,000 after purchasing an additional 455 shares during the period. Finally, Greenhaven Associates Inc. raised its stake in shares of Arrow Electronics by 1.1% in the 4th quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company’s stock valued at $215,477,000 after purchasing an additional 20,484 shares during the period. Institutional investors own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Raymond James cut their price target on shares of Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company dropped their price target on Arrow Electronics from $105.00 to $100.00 and set an “underweight” rating for the company in a research note on Monday, January 13th. Finally, Truist Financial cut 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 report on Friday, November 1st.

Arrow Electronics Stock Down 2.6 %

Arrow Electronics stock opened at $113.49 on Tuesday. Arrow Electronics, Inc. has a 12-month low of $108.51 and a 12-month high of $137.80. The company has a market capitalization of $5.97 billion, a PE ratio of 12.67 and a beta of 1.26. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.39. The firm’s fifty day moving average is $116.74 and its 200 day moving average is $123.72.

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.