Two Point Capital Management Inc. Buys 1,607 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Two Point Capital Management Inc. grew its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 8.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 21,269 shares of the technology company’s stock after purchasing an additional 1,607 shares during the period. Arrow Electronics comprises about 1.2% of Two Point Capital Management Inc.’s investment portfolio, making the stock its 22nd largest holding. Two Point Capital Management Inc.’s holdings in Arrow Electronics were worth $2,600,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its holdings in shares of Arrow Electronics by 33.0% in the third quarter. IFP Advisors Inc now owns 403 shares of the technology company’s stock valued at $50,000 after acquiring an additional 100 shares in the last quarter. HB Wealth Management LLC purchased a new position in Arrow Electronics in the third quarter valued at approximately $202,000. SG Americas Securities LLC lifted its stake in Arrow Electronics by 199.6% in the third quarter. SG Americas Securities LLC now owns 10,100 shares of the technology company’s stock valued at $1,265,000 after purchasing an additional 6,729 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in Arrow Electronics by 10.3% in the third quarter. CreativeOne Wealth LLC now owns 2,030 shares of the technology company’s stock valued at $254,000 after purchasing an additional 189 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in Arrow Electronics by 13.2% in the third quarter. Handelsbanken Fonder AB now owns 13,700 shares of the technology company’s stock valued at $1,716,000 after purchasing an additional 1,600 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

Arrow Electronics Price Performance

Shares of ARW stock traded up $0.81 on Friday, reaching $128.62. The company’s stock had a trading volume of 213,787 shares, compared to its average volume of 525,253. The company has a quick ratio of 1.00, a current ratio of 1.39 and a debt-to-equity ratio of 0.37. Arrow Electronics, Inc. has a 12-month low of $108.51 and a 12-month high of $147.42. The company has a market capitalization of $6.94 billion, a P/E ratio of 8.15 and a beta of 1.41. The stock’s 50 day simple moving average is $122.37 and its 200-day simple moving average is $119.20.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported $3.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.72 by $0.26. Arrow Electronics had a return on equity of 17.22% and a net margin of 2.73%. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same quarter last year, the business posted $5.69 earnings per share. The firm’s revenue was down 15.8% compared to the same quarter last year. As a group, equities analysts predict that Arrow Electronics, Inc. will post 11.53 earnings per share for the current fiscal year.

Insider Activity at Arrow Electronics

In other news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total transaction of $180,895.00. Following the transaction, the senior vice president now directly owns 15,271 shares of the company’s stock, valued at $1,847,791. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Yun Sung Cho sold 739 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $117.22, for a total value of $86,625.58. Following the sale, the chief accounting officer now directly owns 1,389 shares of the company’s stock, valued at $162,818.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total value of $180,895.00. Following the completion of the sale, the senior vice president now directly owns 15,271 shares in the company, valued at $1,847,791. The disclosure for this sale can be found here. Insiders have sold a total of 4,134 shares of company stock valued at $488,795 over the last 90 days. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Truist Financial dropped their price objective on Arrow Electronics from $128.00 to $124.00 and set a “hold” rating on the stock in a research note on Friday, February 9th.

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.