Park Avenue Securities LLC Has $407,000 Stake in Arrow Electronics, Inc. (NYSE:ARW)

Park Avenue Securities LLC raised its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 33.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,601 shares of the technology company’s stock after buying an additional 908 shares during the quarter. Park Avenue Securities LLC’s holdings in Arrow Electronics were worth $407,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Public Employees Retirement Association of Colorado increased its stake in Arrow Electronics by 48.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 3,044 shares of the technology company’s stock valued at $368,000 after purchasing an additional 990 shares in the last quarter. AE Wealth Management LLC grew its holdings in shares of Arrow Electronics by 8.3% in the 2nd quarter. AE Wealth Management LLC now owns 2,084 shares of the technology company’s stock valued at $252,000 after buying an additional 160 shares during the period. Squarepoint Ops LLC increased its position in shares of Arrow Electronics by 5.7% in the 2nd quarter. Squarepoint Ops LLC now owns 104,434 shares of the technology company’s stock valued at $12,611,000 after buying an additional 5,670 shares in the last quarter. Lighthouse Investment Partners LLC raised its stake in Arrow Electronics by 34.0% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 31,318 shares of the technology company’s stock worth $3,782,000 after buying an additional 7,945 shares during the period. Finally, Susquehanna Fundamental Investments LLC lifted its holdings in Arrow Electronics by 122.1% during the second quarter. Susquehanna Fundamental Investments LLC now owns 64,476 shares of the technology company’s stock worth $7,786,000 after acquiring an additional 35,450 shares in the last quarter. 99.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on ARW shares. 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 note on Friday, November 1st. Wells Fargo & Company reduced their target price on shares of 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 dropped their target price on 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 Price Performance

Shares of NYSE ARW opened at $119.20 on Friday. Arrow Electronics, Inc. has a fifty-two week low of $108.51 and a fifty-two week high of $137.80. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 13.30 and a beta of 1.26. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.09. The business has a 50-day moving average of $116.79 and a 200-day moving average of $123.97.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.15. Arrow Electronics had a return on equity of 10.71% and a net margin of 1.71%. The company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.73 billion. During the same quarter in the prior year, the business posted $4.14 EPS. The business’s revenue was down 14.8% compared to the same quarter last year. As a group, sell-side analysts predict that Arrow Electronics, Inc. will post 10.26 earnings per share for the current fiscal year.

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.