Hyperion Capital Advisors LP Takes Position in Arrow Electronics, Inc. (NYSE:ARW)

Hyperion Capital Advisors LP purchased a new stake in Arrow Electronics, Inc. (NYSE:ARW) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,912 shares of the technology company’s stock, valued at approximately $254,000.

A number of other institutional investors have also modified their holdings of the company. Fifth Third Bancorp increased its holdings in shares of Arrow Electronics by 0.3% during the 2nd quarter. Fifth Third Bancorp now owns 28,325 shares of the technology company’s stock valued at $3,421,000 after purchasing an additional 82 shares in the last quarter. Two Point Capital Management Inc. increased its holdings in shares of Arrow Electronics by 0.4% during the 2nd quarter. Two Point Capital Management Inc. now owns 21,584 shares of the technology company’s stock valued at $2,606,000 after purchasing an additional 95 shares in the last quarter. Summit Trail Advisors LLC increased its holdings in shares of Arrow Electronics by 2.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 3,925 shares of the technology company’s stock valued at $521,000 after purchasing an additional 108 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in Arrow Electronics by 2.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 5,184 shares of the technology company’s stock worth $626,000 after acquiring an additional 117 shares in the last quarter. Finally, Meixler Investment Management Ltd. raised its position in Arrow Electronics by 7.7% during the second quarter. Meixler Investment Management Ltd. now owns 1,716 shares of the technology company’s stock worth $207,000 after acquiring an additional 122 shares during the period. 99.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ARW shares. Truist Financial reduced their price objective on shares of 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 upped their price objective on shares of Arrow Electronics from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Finally, Raymond James dropped their target price 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $124.25.

Arrow Electronics Trading Down 1.2 %

Shares of ARW stock opened at $119.39 on Thursday. The firm has a market cap of $6.28 billion, a PE ratio of 13.32 and a beta of 1.27. Arrow Electronics, Inc. has a 1-year low of $108.51 and a 1-year high of $137.80. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.09. The company has a 50-day moving average of $127.25 and a two-hundred day moving average of $127.23.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.15. The business had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.73 billion. Arrow Electronics had a net margin of 1.71% and a return on equity of 10.71%. The business’s quarterly revenue was down 14.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.14 earnings per share. On average, analysts predict that Arrow Electronics, Inc. will post 10.23 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.