Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by Empirical Finance LLC

Empirical Finance LLC lessened its stake in Arrow Electronics, Inc. (NYSE:ARW) by 43.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,831 shares of the technology company’s stock after selling 3,717 shares during the quarter. Empirical Finance LLC’s holdings in Arrow Electronics were worth $546,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ARW. Pacer Advisors Inc. increased its holdings in 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 buying an additional 876,396 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Arrow Electronics by 1,072.6% during the 3rd quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company’s stock valued at $5,564,000 after acquiring an additional 37,746 shares during the period. Cerity Partners LLC increased its stake in shares of Arrow Electronics by 140.4% in the 3rd quarter. Cerity Partners LLC now owns 12,034 shares of the technology company’s stock valued at $1,598,000 after purchasing an additional 7,028 shares in the last quarter. Lind Value II ApS raised its holdings in Arrow Electronics by 36.3% in the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company’s stock worth $73,374,000 after purchasing an additional 172,669 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Arrow Electronics by 115.0% during the third quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company’s stock worth $41,948,000 after purchasing an additional 168,904 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

ARW has been the subject of several recent analyst reports. Raymond James cut their price target on shares of Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Truist Financial cut their target price on shares of Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company decreased their price target on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a research note on Friday. Finally, Bank of America lowered Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Arrow Electronics presently has a consensus rating of “Hold” and a consensus price target of $121.25.

Arrow Electronics Trading Up 0.6 %

Shares of ARW opened at $107.67 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $115.75 and a 200 day moving average price of $123.32. Arrow Electronics, Inc. has a 12-month low of $105.00 and a 12-month high of $137.80. The firm has a market capitalization of $5.66 billion, a P/E ratio of 14.79 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. Sell-side analysts forecast that Arrow Electronics, Inc. will post 12.81 EPS for the current year.

Arrow Electronics Company 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.