Arrow Electronics, Inc. (NYSE:ARW) Holdings Lowered by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. cut its stake in Arrow Electronics, Inc. (NYSE:ARW) by 2.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 21,222 shares of the technology company’s stock after selling 636 shares during the period. Ameritas Investment Partners Inc.’s holdings in Arrow Electronics were worth $2,563,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Arrow Electronics by 13.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,743,892 shares of the technology company’s stock valued at $331,353,000 after purchasing an additional 325,122 shares in the last quarter. Greenhaven Associates Inc. raised its stake in shares of Arrow Electronics by 1.7% in the 2nd quarter. Greenhaven Associates Inc. now owns 1,882,880 shares of the technology company’s stock worth $227,377,000 after buying an additional 32,052 shares in the last quarter. Cooke & Bieler LP lifted its holdings in shares of Arrow Electronics by 3.1% in the second quarter. Cooke & Bieler LP now owns 1,877,460 shares of the technology company’s stock valued at $226,722,000 after buying an additional 56,781 shares during the period. Earnest Partners LLC boosted its stake in Arrow Electronics by 7.4% during the first quarter. Earnest Partners LLC now owns 1,374,525 shares of the technology company’s stock valued at $177,946,000 after buying an additional 95,285 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Arrow Electronics by 9,044.0% during the second quarter. Pacer Advisors Inc. now owns 1,218,159 shares of the technology company’s stock worth $147,105,000 after acquiring an additional 1,204,837 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analyst Ratings Changes

ARW has been the subject of a number of research analyst reports. Raymond James upped their price target on shares of Arrow Electronics from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Wells Fargo & Company raised their target price on shares of Arrow Electronics from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. The Goldman Sachs Group upped their price target on Arrow Electronics from $116.00 to $132.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Finally, Truist Financial raised their price objective on Arrow Electronics from $124.00 to $141.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Arrow Electronics presently has an average rating of “Hold” and an average price target of $130.75.

Arrow Electronics Stock Performance

Shares of ARW opened at $131.64 on Friday. The company has a 50-day moving average of $127.46 and a two-hundred day moving average of $126.50. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 10.35 and a beta of 1.27. 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 one year low of $108.51 and a one year high of $136.93.

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

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.