Trajan Wealth LLC Boosts Stake in Arrow Electronics, Inc. (NYSE:ARW)

Trajan Wealth LLC lifted its stake in shares of Arrow Electronics, Inc. (NYSE:ARWFree Report) by 12.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,907 shares of the technology company’s stock after acquiring an additional 217 shares during the period. Trajan Wealth LLC’s holdings in Arrow Electronics were worth $253,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ARW. Intech Investment Management LLC purchased a new position in shares of Arrow Electronics in the 1st quarter worth about $682,000. State Board of Administration of Florida Retirement System raised its holdings in shares of Arrow Electronics by 20.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 59,293 shares of the technology company’s stock valued at $7,404,000 after buying an additional 10,083 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in Arrow Electronics by 128.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 35,304 shares of the technology company’s stock worth $4,570,000 after buying an additional 19,880 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Arrow Electronics by 6.8% in the first quarter. Russell Investments Group Ltd. now owns 96,210 shares of the technology company’s stock worth $12,456,000 after buying an additional 6,157 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in Arrow Electronics by 368.7% during the first quarter. State of Alaska Department of Revenue now owns 27,412 shares of the technology company’s stock valued at $3,548,000 after acquiring an additional 21,563 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Arrow Electronics Stock Up 1.0 %

Shares of NYSE ARW opened at $135.92 on Thursday. The firm’s fifty day moving average is $131.73 and its 200 day moving average is $128.17. Arrow Electronics, Inc. has a 52 week low of $108.51 and a 52 week high of $137.80. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 12.81 and a beta of 1.26.

Arrow Electronics (NYSE:ARWGet Free Report) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $2.78 EPS for the quarter, beating the consensus estimate of $2.16 by $0.62. The firm 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 period in the prior year, the firm posted $4.37 earnings per share. On average, equities research analysts expect that Arrow Electronics, Inc. will post 10.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ARW. Raymond James boosted their price objective on shares of Arrow Electronics from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Truist Financial lifted their target price on shares of Arrow Electronics from $124.00 to $141.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company upped their price target on shares of Arrow Electronics from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Arrow Electronics currently has a consensus rating of “Hold” and a consensus price target of $130.75.

Get Our Latest Stock Analysis on ARW

Arrow Electronics Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Arrow Electronics (NYSE:ARW)

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