Cwm LLC Raises Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

Cwm LLC lifted its position in Arrow Electronics, Inc. (NYSE:ARW) by 254.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,072 shares of the technology company’s stock after buying an additional 4,358 shares during the period. Cwm LLC’s holdings in Arrow Electronics were worth $806,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc grew its position in shares of Arrow Electronics by 794.6% in the 2nd quarter. Versant Capital Management Inc now owns 331 shares of the technology company’s stock worth $40,000 after buying an additional 294 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Arrow Electronics by 76.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 346 shares of the technology company’s stock worth $45,000 after purchasing an additional 150 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Arrow Electronics during the 1st quarter worth approximately $81,000. GAMMA Investing LLC grew its position in Arrow Electronics by 24.6% during the 3rd quarter. GAMMA Investing LLC now owns 695 shares of the technology company’s stock worth $92,000 after purchasing an additional 137 shares during the last quarter. Finally, Quarry LP purchased a new stake in Arrow Electronics during the 2nd quarter worth approximately $107,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Arrow Electronics Stock Down 1.2 %

ARW stock opened at $135.53 on Friday. The firm’s fifty day simple moving average is $131.02 and its 200-day simple moving average is $127.86. The company has a market capitalization of $7.21 billion, a P/E ratio of 10.65 and a beta of 1.26. 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 12 month low of $108.51 and a 12 month high of $137.39.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $2.78 EPS for the quarter, beating the consensus estimate of $2.16 by $0.62. The business had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.52 billion. Arrow Electronics had a net margin of 1.97% and a return on equity of 12.77%. The business’s revenue for the quarter was down 19.0% on a year-over-year basis. During the same period in the prior year, the firm earned $4.37 EPS. As a group, equities research analysts forecast that Arrow Electronics, Inc. will post 10.74 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on ARW shares. Truist Financial boosted their target price on shares of Arrow Electronics from $124.00 to $141.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Raymond James boosted their target price on shares of Arrow Electronics from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company upped their price objective on shares of 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. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $130.75.

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.