KBC Group NV Has $188,000 Stake in Arrow Electronics, Inc. (NYSE:ARW)

KBC Group NV increased its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 15.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,419 shares of the technology company’s stock after acquiring an additional 190 shares during the period. KBC Group NV’s holdings in Arrow Electronics were worth $188,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in ARW. Pacer Advisors Inc. increased its holdings in shares of Arrow Electronics by 9,044.0% during the 2nd quarter. Pacer Advisors Inc. now owns 1,218,159 shares of the technology company’s stock valued at $147,105,000 after acquiring an additional 1,204,837 shares during the last quarter. Boston Partners grew its holdings in Arrow Electronics by 108.5% in the 1st quarter. Boston Partners now owns 1,001,443 shares of the technology company’s stock valued at $129,622,000 after buying an additional 521,117 shares during the last quarter. Lind Value II ApS acquired a new stake in Arrow Electronics in the 1st quarter valued at approximately $66,949,000. Dimensional Fund Advisors LP grew its holdings in Arrow Electronics by 13.4% in 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 buying an additional 325,122 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Arrow Electronics by 657.5% in the 1st quarter. Janus Henderson Group PLC now owns 222,888 shares of the technology company’s stock valued at $28,854,000 after buying an additional 193,462 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports 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 report on Friday, November 1st. Truist Financial lowered their target price on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, Wells Fargo & Company lifted their price objective on Arrow Electronics from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $124.25.

Arrow Electronics Price Performance

Arrow Electronics stock opened at $114.15 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.09. The company has a market capitalization of $6.00 billion, a PE ratio of 12.74 and a beta of 1.27. Arrow Electronics, Inc. has a one year low of $108.51 and a one year high of $137.80. The business has a 50 day simple moving average of $127.96 and a 200 day simple moving average of $127.48.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, October 31st. The technology company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.23 by $0.15. Arrow Electronics had a return on equity of 10.71% and a net margin of 1.71%. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter last year, the company earned $4.14 EPS. Arrow Electronics’s revenue was down 14.8% on a year-over-year basis. On average, sell-side analysts forecast that Arrow Electronics, Inc. will post 10.29 EPS for the current fiscal year.

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.