English Capital Management LLC Acquires 1,950 Shares of Arrow Electronics, Inc. (NYSE:ARW)

English Capital Management LLC boosted its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 2.8% in the 3rd quarter, Holdings Channel reports. The firm owned 71,927 shares of the technology company’s stock after buying an additional 1,950 shares during the period. Arrow Electronics makes up approximately 7.0% of English Capital Management LLC’s portfolio, making the stock its largest holding. English Capital Management LLC’s holdings in Arrow Electronics were worth $9,554,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Shell Asset Management Co. acquired a new position in shares of Arrow Electronics in the 1st quarter valued at $247,000. CreativeOne Wealth LLC raised its holdings in shares of Arrow Electronics by 12.4% during the first quarter. CreativeOne Wealth LLC now owns 3,479 shares of the technology company’s stock valued at $450,000 after acquiring an additional 385 shares during the period. Epoch Investment Partners Inc. boosted its stake in Arrow Electronics by 7.9% in the 1st quarter. Epoch Investment Partners Inc. now owns 11,598 shares of the technology company’s stock worth $1,501,000 after purchasing an additional 850 shares during the period. Price T Rowe Associates Inc. MD grew its position in Arrow Electronics by 4.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,310 shares of the technology company’s stock worth $3,795,000 after purchasing an additional 1,381 shares in the last quarter. Finally, SVB Wealth LLC purchased a new stake in shares of Arrow Electronics in the first quarter valued at $248,000. 99.34% of the stock is currently owned by institutional investors.

Arrow Electronics Stock Up 2.0 %

ARW opened at $119.25 on Friday. The company has a market capitalization of $6.27 billion, a PE ratio of 13.31 and a beta of 1.27. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.09. Arrow Electronics, Inc. has a fifty-two week low of $108.51 and a fifty-two week high of $137.80. The business has a 50-day moving average of $127.85 and a 200-day moving average of $127.41.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.15. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.73 billion. Arrow Electronics had a net margin of 1.71% and a return on equity of 10.71%. The company’s revenue for the quarter was down 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $4.14 earnings per share. Equities research analysts forecast that Arrow Electronics, Inc. will post 10.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ARW. Wells Fargo & Company increased their price objective on Arrow Electronics from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Friday, August 2nd. Truist Financial lowered their price objective on shares of Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Finally, Raymond James cut their target price on shares of Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Arrow Electronics has a consensus rating of “Hold” and a consensus price target of $124.25.

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.