Captrust Financial Advisors Has $731,000 Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Captrust Financial Advisors trimmed its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 31.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,503 shares of the technology company’s stock after selling 2,495 shares during the period. Captrust Financial Advisors’ holdings in Arrow Electronics were worth $731,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ARW. Cetera Advisors LLC bought a new stake in Arrow Electronics in the first quarter valued at $235,000. CWM LLC raised its stake in Arrow Electronics by 59.7% during the 2nd quarter. CWM LLC now owns 1,714 shares of the technology company’s stock worth $207,000 after buying an additional 641 shares during the period. SG Americas Securities LLC bought a new position in Arrow Electronics in the second quarter worth approximately $938,000. Dynamic Advisor Solutions LLC boosted its holdings in Arrow Electronics by 184.1% in the second quarter. Dynamic Advisor Solutions LLC now owns 5,700 shares of the technology company’s stock worth $688,000 after acquiring an additional 3,694 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Arrow Electronics by 19.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,101 shares of the technology company’s stock valued at $616,000 after acquiring an additional 831 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Arrow Electronics Trading Down 1.8 %

NYSE ARW opened at $120.22 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $125.10 and a 200 day simple moving average of $126.56. Arrow Electronics, Inc. has a 12 month low of $108.51 and a 12 month high of $137.80. The firm has a market capitalization of $6.32 billion, a P/E ratio of 13.42 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last announced its earnings results on Thursday, October 31st. The technology company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.23 by $0.15. Arrow Electronics had a net margin of 1.71% and a return on equity of 10.71%. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter in the prior year, the company posted $4.14 earnings per share. The firm’s revenue for the quarter was down 14.8% on a year-over-year basis. On average, analysts predict that Arrow Electronics, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Raymond James lowered their target price on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Truist Financial dropped 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 note on Friday, November 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.