Mutual Advisors LLC Sells 202 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Mutual Advisors LLC lessened its position in Arrow Electronics, Inc. (NYSE:ARW) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,990 shares of the technology company’s stock after selling 202 shares during the period. Mutual Advisors LLC’s holdings in Arrow Electronics were worth $1,338,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in shares of Arrow Electronics by 9,044.0% during the second quarter. Pacer Advisors Inc. now owns 1,218,159 shares of the technology company’s stock valued at $147,105,000 after acquiring an additional 1,204,837 shares in the last quarter. Boston Partners raised its holdings in Arrow Electronics by 108.5% in the 1st quarter. Boston Partners now owns 1,001,443 shares of the technology company’s stock worth $129,622,000 after purchasing an additional 521,117 shares in the last quarter. Lind Value II ApS purchased a new stake in shares of Arrow Electronics in the 1st quarter worth about $66,949,000. Dimensional Fund Advisors LP boosted its stake in shares of Arrow Electronics by 13.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,743,892 shares of the technology company’s stock valued at $331,353,000 after purchasing an additional 325,122 shares in the last quarter. Finally, Loews Corp purchased a new position in shares of Arrow Electronics during the first quarter valued at about $25,892,000. Institutional investors own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have 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 on the stock in a research report on Friday. Raymond James dropped their price target on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company increased their price objective on Arrow Electronics from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $124.25.

Arrow Electronics Price Performance

ARW stock opened at $121.08 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.48. The firm has a 50 day moving average price of $131.57 and a 200-day moving average price of $128.16. Arrow Electronics, Inc. has a 52-week low of $108.51 and a 52-week high of $137.80. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 11.41 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, October 31st. The technology company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.23 by $0.15. Arrow Electronics had a return on equity of 12.77% and a net margin of 1.97%. The business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the previous year, the company posted $4.14 earnings per share. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. Equities research analysts forecast that Arrow Electronics, Inc. will post 10.74 EPS for the current fiscal 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.