Clark Estates Inc. NY Lowers Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Clark Estates Inc. NY decreased its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 7.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,200 shares of the technology company’s stock after selling 2,200 shares during the period. Clark Estates Inc. NY’s holdings in Arrow Electronics were worth $3,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Arrow Electronics by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,310 shares of the technology company’s stock worth $3,795,000 after buying an additional 1,381 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Arrow Electronics during the 1st quarter worth approximately $248,000. Janus Henderson Group PLC grew its position in shares of Arrow Electronics by 657.5% in the first quarter. Janus Henderson Group PLC now owns 222,888 shares of the technology company’s stock valued at $28,854,000 after purchasing an additional 193,462 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Arrow Electronics by 124.1% in the first quarter. Tidal Investments LLC now owns 12,644 shares of the technology company’s stock valued at $1,637,000 after purchasing an additional 7,002 shares during the last quarter. Finally, Delphi Management Inc. MA lifted its position in Arrow Electronics by 6.0% during the first quarter. Delphi Management Inc. MA now owns 11,371 shares of the technology company’s stock worth $1,472,000 after buying an additional 641 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Arrow Electronics Stock Down 0.7 %

Shares of NYSE:ARW opened at $120.87 on Wednesday. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 13.49 and a beta of 1.27. Arrow Electronics, Inc. has a 12-month low of $108.51 and a 12-month high of $137.80. The business has a 50-day moving average price of $127.63 and a 200 day moving average price of $127.32. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the previous year, the firm earned $4.14 EPS. The business’s revenue was down 14.8% on a year-over-year basis. Sell-side analysts expect that Arrow Electronics, Inc. will post 10.23 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on ARW shares. 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. Raymond James reduced their target price on shares of Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Truist Financial decreased 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. One 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. According to data from MarketBeat, Arrow Electronics presently has a consensus rating of “Hold” and an average target price of $124.25.

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.