Impact Partnership Wealth LLC Buys 236 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Impact Partnership Wealth LLC grew its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 15.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,776 shares of the technology company’s stock after buying an additional 236 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Arrow Electronics were worth $201,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its position in Arrow Electronics by 71.9% during the 3rd quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company’s stock worth $278,220,000 after buying an additional 876,396 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Arrow Electronics by 1,072.6% in the 3rd quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company’s stock valued at $5,564,000 after purchasing an additional 37,746 shares during the period. Cerity Partners LLC raised its holdings 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 during the period. JPMorgan Chase & Co. raised its holdings in shares of Arrow Electronics by 115.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company’s stock valued at $41,948,000 after purchasing an additional 168,904 shares during the period. Finally, Lind Value II ApS raised its holdings in shares of Arrow Electronics by 36.3% in the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company’s stock valued at $73,374,000 after purchasing an additional 172,669 shares during the period. 99.34% of the stock is owned by institutional investors.

Arrow Electronics Stock Down 0.1 %

Shares of ARW opened at $119.20 on Friday. Arrow Electronics, Inc. has a 52 week low of $108.51 and a 52 week high of $137.80. The firm has a market cap of $6.27 billion, a P/E ratio of 13.30 and a beta of 1.26. The firm’s 50-day simple moving average is $116.79 and its 200 day simple moving average is $124.01. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.46.

Arrow Electronics (NYSE:ARW) last announced its earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.15. Arrow Electronics had a net margin of 1.71% and a return on equity of 10.71%. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same quarter in the prior year, the business posted $4.14 EPS. The business’s revenue was down 14.8% compared to the same quarter last year. On average, analysts forecast that Arrow Electronics, Inc. will post 10.26 earnings per share for the current year.

Analysts Set New Price Targets

ARW has been the topic of a number of research analyst reports. Truist Financial dropped their target price on shares of Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Raymond James dropped their target price on shares of Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Wells Fargo & Company decreased their price target on shares of Arrow Electronics from $105.00 to $100.00 and set an “underweight” rating on the stock in a research note on Monday, January 13th.

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.