Inspire Investing LLC Boosts Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Inspire Investing LLC increased its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 13.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,933 shares of the technology company’s stock after buying an additional 455 shares during the quarter. Inspire Investing LLC’s holdings in Arrow Electronics were worth $445,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in Arrow Electronics by 71.9% during the third quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company’s stock valued at $278,220,000 after purchasing an additional 876,396 shares in the last quarter. Greenhaven Associates Inc. lifted its holdings in Arrow Electronics by 1.1% during the fourth 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 in the last quarter. State Street Corp lifted its holdings in Arrow Electronics by 0.3% during the third quarter. State Street Corp now owns 1,689,695 shares of the technology company’s stock valued at $224,442,000 after purchasing an additional 4,811 shares in the last quarter. Lind Value II ApS lifted its holdings in Arrow Electronics by 36.3% during the fourth quarter. Lind Value II ApS now owns 648,637 shares of the technology company’s stock valued at $73,374,000 after purchasing an additional 172,669 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Arrow Electronics by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 483,936 shares of the technology company’s stock valued at $64,281,000 after purchasing an additional 10,340 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Arrow Electronics from $105.00 to $100.00 and set an “underweight” rating on the stock in a report on Monday, January 13th. Truist Financial reduced their price objective 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. Finally, Raymond James reduced their price objective 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.

Arrow Electronics Trading Down 0.1 %

Arrow Electronics stock opened at $119.20 on Friday. The stock has a market cap of $6.27 billion, a P/E 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. Arrow Electronics, Inc. has a 1 year low of $108.51 and a 1 year high of $137.80. The firm’s 50 day moving average price is $116.79 and its 200-day moving average price is $123.97.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.15. Arrow Electronics had a net margin of 1.71% and a return on equity of 10.71%. 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 previous year, the business posted $4.14 earnings per share. Arrow Electronics’s quarterly revenue was down 14.8% on a year-over-year basis. On average, equities analysts predict that Arrow Electronics, Inc. will post 10.26 earnings per share for the current fiscal year.

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.