Epoch Investment Partners Inc. Decreases Position in Arrow Electronics, Inc. (NYSE:ARW)

Epoch Investment Partners Inc. reduced its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,208 shares of the technology company’s stock after selling 390 shares during the period. Epoch Investment Partners Inc.’s holdings in Arrow Electronics were worth $1,353,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ARW. Fifth Third Bancorp increased its holdings in shares of Arrow Electronics by 0.3% during 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. increased its stake in Arrow Electronics by 0.4% during the second quarter. Two Point Capital Management Inc. now owns 21,584 shares of the technology company’s stock worth $2,606,000 after acquiring an additional 95 shares during the last quarter. QRG Capital Management Inc. raised its position 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 purchasing an additional 107 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Arrow Electronics by 2.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 4,623 shares of the technology company’s stock valued at $598,000 after purchasing an additional 108 shares during the last quarter. Finally, SummerHaven Investment Management LLC grew its holdings 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 period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Arrow Electronics Trading Up 0.3 %

NYSE ARW opened at $132.09 on Tuesday. Arrow Electronics, Inc. has a one year low of $108.51 and a one year high of $136.93. The firm has a 50 day simple moving average of $127.66 and a 200-day simple moving average of $126.62. The firm has a market cap of $7.03 billion, a price-to-earnings ratio of 10.38 and a beta of 1.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.48.

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

Analyst Ratings Changes

Several brokerages recently issued reports on ARW. Wells Fargo & Company boosted their price objective on shares of Arrow Electronics from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. Raymond James boosted their price target 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. The Goldman Sachs Group increased their price objective on shares of Arrow Electronics from $116.00 to $132.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Finally, Truist Financial boosted their target price on Arrow Electronics from $124.00 to $141.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Arrow Electronics has a consensus rating of “Hold” and an average target price of $130.75.

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.