Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by Mather Group LLC.

Mather Group LLC. decreased its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 15.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,682 shares of the technology company’s stock after selling 695 shares during the period. Mather Group LLC.’s holdings in Arrow Electronics were worth $489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Rise Advisors LLC acquired a new position in Arrow Electronics during the first quarter worth $32,000. Versant Capital Management Inc grew its stake 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 purchasing an additional 294 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Arrow Electronics by 76.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 346 shares of the technology company’s stock valued at $45,000 after purchasing an additional 150 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Arrow Electronics in the first quarter valued at about $81,000. Finally, GAMMA Investing LLC boosted its holdings in Arrow Electronics by 24.6% during the third quarter. GAMMA Investing LLC now owns 695 shares of the technology company’s stock worth $92,000 after buying an additional 137 shares in the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ARW has been the subject of a number of research analyst reports. Raymond James increased their target price on shares of Arrow Electronics from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Truist Financial lifted their price objective on Arrow Electronics from $124.00 to $141.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company upped their target price on Arrow Electronics from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. One research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $130.75.

Arrow Electronics Trading Down 0.8 %

Shares of ARW opened at $132.58 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.07. Arrow Electronics, Inc. has a 1-year low of $108.51 and a 1-year high of $136.93. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 10.42 and a beta of 1.26. The firm has a 50 day simple moving average of $129.84 and a 200-day simple moving average of $127.57.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.62. Arrow Electronics had a return on equity of 12.77% and a net margin of 1.97%. The company had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.52 billion. During the same quarter last year, the business posted $4.37 earnings per share. Arrow Electronics’s revenue was down 19.0% compared to the same quarter last year. Equities analysts forecast that Arrow Electronics, Inc. will post 10.74 EPS for the current fiscal year.

About Arrow Electronics

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.