Whittier Trust Co. of Nevada Inc. Has $26,000 Stake in Arrow Electronics, Inc. (NYSE:ARW)

Whittier Trust Co. of Nevada Inc. lowered its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 43.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 196 shares of the technology company’s stock after selling 150 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Arrow Electronics were worth $26,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position 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 worth $331,353,000 after buying an additional 325,122 shares in the last quarter. Greenhaven Associates Inc. grew its stake in shares of Arrow Electronics by 1.7% during the second quarter. Greenhaven Associates Inc. now owns 1,882,880 shares of the technology company’s stock valued at $227,377,000 after purchasing an additional 32,052 shares during the last quarter. Cooke & Bieler LP increased 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 purchasing an additional 56,781 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of Arrow Electronics by 2.4% in the second quarter. Earnest Partners LLC now owns 1,407,576 shares of the technology company’s stock valued at $169,979,000 after purchasing an additional 33,051 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in Arrow Electronics by 9,044.0% in the 2nd quarter. Pacer Advisors Inc. now owns 1,218,159 shares of the technology company’s stock worth $147,105,000 after purchasing an additional 1,204,837 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Trading Up 1.1 %

NYSE:ARW opened at $133.81 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.43. Arrow Electronics, Inc. has a 1-year low of $108.51 and a 1-year high of $137.39. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 10.52 and a beta of 1.26. The business’s 50-day moving average price is $131.50 and its two-hundred day moving average price is $128.02.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Arrow Electronics’s revenue for the quarter was down 19.0% on a year-over-year basis. During the same period last year, the company posted $4.37 EPS. On average, equities analysts expect that Arrow Electronics, Inc. will post 10.74 earnings per share for the current year.

Analyst Ratings Changes

ARW has been the subject of a number of recent research reports. Raymond James boosted their target price on Arrow Electronics from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Wells Fargo & Company upped their target price on shares of Arrow Electronics from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. Finally, Truist Financial lifted their price target 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. One research 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. According to data from MarketBeat, the company presently has a consensus 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.