3,755 Shares in Arrow Electronics, Inc. (NYSE:ARW) Bought by Choreo LLC

Choreo LLC purchased a new position in shares of Arrow Electronics, Inc. (NYSE:ARW) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,755 shares of the technology company’s stock, valued at approximately $422,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tectonic Advisors LLC increased its position in Arrow Electronics by 9.6% during the fourth quarter. Tectonic Advisors LLC now owns 3,851 shares of the technology company’s stock worth $436,000 after acquiring an additional 338 shares during the period. ARGA Investment Management LP lifted its holdings in shares of Arrow Electronics by 15.4% during the fourth quarter. ARGA Investment Management LP now owns 78,635 shares of the technology company’s stock valued at $8,895,000 after acquiring an additional 10,497 shares during the period. Trust Point Inc. increased its holdings in shares of Arrow Electronics by 50.9% during the fourth quarter. Trust Point Inc. now owns 2,621 shares of the technology company’s stock worth $296,000 after buying an additional 884 shares in the last quarter. Custom Index Systems LLC boosted its stake in Arrow Electronics by 3.0% in the fourth quarter. Custom Index Systems LLC now owns 6,846 shares of the technology company’s stock worth $774,000 after purchasing an additional 201 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in Arrow Electronics by 2.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 43,556 shares of the technology company’s stock valued at $4,927,000 after acquiring an additional 915 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Arrow Electronics Stock Down 0.7 %

ARW stock opened at $106.88 on Thursday. The firm has a market capitalization of $5.62 billion, a PE ratio of 14.68 and a beta of 1.26. The business’s 50 day simple moving average is $115.21 and its 200 day simple moving average is $123.10. Arrow Electronics, Inc. has a 1-year low of $105.00 and a 1-year high of $137.80. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. As a group, research analysts anticipate that Arrow Electronics, Inc. will post 12.81 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on ARW. Bank of America cut Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Wells Fargo & Company lowered their price objective on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Raymond James reduced their price target on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Truist Financial decreased their price objective on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $121.25.

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.