Arrow Electronics, Inc. (NYSE:ARW) Shares Purchased by English Capital Management LLC

English Capital Management LLC raised its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,927 shares of the technology company’s stock after buying an additional 1,950 shares during the quarter. Arrow Electronics comprises about 7.0% of English Capital Management LLC’s investment portfolio, making the stock its biggest position. English Capital Management LLC owned about 0.14% of Arrow Electronics worth $9,554,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Versant Capital Management Inc lifted its holdings in shares of Arrow Electronics by 794.6% during the 2nd quarter. Versant Capital Management Inc now owns 331 shares of the technology company’s stock worth $40,000 after acquiring an additional 294 shares during the period. Capital Performance Advisors LLP acquired a new position in Arrow Electronics during the third quarter worth approximately $73,000. DekaBank Deutsche Girozentrale purchased a new position in Arrow Electronics during the third quarter worth approximately $78,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Arrow Electronics during the 3rd quarter valued at $88,000. Finally, GAMMA Investing LLC increased its holdings in shares of Arrow Electronics by 24.6% during the 3rd quarter. GAMMA Investing LLC now owns 695 shares of the technology company’s stock worth $92,000 after buying an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on ARW shares. Truist Financial decreased their target price on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a report on Friday, November 1st. Wells Fargo & Company lifted 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. Finally, Raymond James reduced their price target 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $124.25.

Arrow Electronics Stock Up 2.0 %

Shares of Arrow Electronics stock opened at $119.25 on Friday. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 13.31 and a beta of 1.27. The business’s 50 day simple moving average is $127.85 and its 200-day simple moving average is $127.41. 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, Inc. has a twelve month low of $108.51 and a twelve month high of $137.80.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.15. Arrow Electronics had a return on equity of 10.71% and a net margin of 1.71%. 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 company posted $4.14 earnings per share. The business’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 10.29 earnings per share 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.