Blue Trust Inc. Buys 907 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Blue Trust Inc. lifted its stake in Arrow Electronics, Inc. (NYSE:ARW) by 22.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,943 shares of the technology company’s stock after acquiring an additional 907 shares during the period. Blue Trust Inc.’s holdings in Arrow Electronics were worth $559,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its position in shares of Arrow Electronics by 71.9% in 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 during the period. Greenhaven Associates Inc. raised its holdings in Arrow Electronics by 1.1% in the 4th quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company’s stock worth $215,477,000 after acquiring an additional 20,484 shares during the period. State Street Corp lifted its position in Arrow Electronics by 0.3% during the 3rd quarter. State Street Corp now owns 1,689,695 shares of the technology company’s stock worth $224,442,000 after acquiring an additional 4,811 shares during the last quarter. Lind Value II ApS boosted 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 acquiring an additional 172,669 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Arrow Electronics by 2.2% in 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 during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Truist Financial cut their price objective on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company reduced their price objective on Arrow Electronics from $105.00 to $100.00 and set an “underweight” rating for the company in a research report on Monday, January 13th. Finally, Raymond James dropped their target price 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 Price Performance

Shares of ARW stock opened at $117.03 on Friday. Arrow Electronics, Inc. has a 12 month low of $108.51 and a 12 month high of $137.80. The company has a market capitalization of $6.15 billion, a P/E ratio of 13.06 and a beta of 1.26. The stock has a 50 day moving average of $116.95 and a two-hundred day moving average of $123.86. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39.

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