Boston Partners Increases Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Boston Partners lifted its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 108.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,001,443 shares of the technology company’s stock after acquiring an additional 521,117 shares during the quarter. Boston Partners owned 1.88% of Arrow Electronics worth $129,622,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ARW. Raymond James & Associates raised its position in shares of Arrow Electronics by 26.1% during the 4th quarter. Raymond James & Associates now owns 24,659 shares of the technology company’s stock worth $3,015,000 after purchasing an additional 5,102 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Arrow Electronics by 7.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 2,466 shares of the technology company’s stock worth $301,000 after purchasing an additional 164 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Arrow Electronics by 2.7% during the 4th quarter. Fifth Third Bancorp now owns 27,601 shares of the technology company’s stock worth $3,374,000 after purchasing an additional 722 shares during the last quarter. Trust Point Inc. acquired a new position in shares of Arrow Electronics during the 4th quarter worth approximately $278,000. Finally, Nilsine Partners LLC raised its position in shares of Arrow Electronics by 4.3% during the 4th quarter. Nilsine Partners LLC now owns 5,068 shares of the technology company’s stock worth $620,000 after purchasing an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ARW shares. Raymond James lifted their price objective on Arrow Electronics from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday. Truist Financial boosted their price target on Arrow Electronics from $124.00 to $141.00 and gave the company a “hold” rating in a report on Friday. The Goldman Sachs Group boosted 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, Wells Fargo & Company boosted their price target on Arrow Electronics from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $134.20.

Arrow Electronics Trading Down 2.5 %

Shares of ARW stock traded down $3.18 on Friday, reaching $125.76. 850,936 shares of the stock were exchanged, compared to its average volume of 465,619. The stock has a market cap of $6.69 billion, a P/E ratio of 9.89 and a beta of 1.27. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $125.43 and a two-hundred day moving average of $122.88. Arrow Electronics, Inc. has a 1-year low of $108.51 and a 1-year high of $136.37.

Arrow Electronics (NYSE:ARW) last released 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. The business had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.52 billion. Arrow Electronics had a return on equity of 12.77% and a net margin of 1.97%. 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 posted $4.37 EPS. On average, research analysts anticipate that Arrow Electronics, Inc. will post 10.34 EPS for the current year.

Insider Transactions at Arrow Electronics

In other news, Director Gail Hamilton sold 2,987 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $132.59, for a total transaction of $396,046.33. Following the completion of the sale, the director now directly owns 102 shares in the company, valued at approximately $13,524.18. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Arrow Electronics news, Director Andrew Charles Kerin sold 1,520 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $131.66, for a total value of $200,123.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gail Hamilton sold 2,987 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $132.59, for a total transaction of $396,046.33. Following the completion of the transaction, the director now owns 102 shares in the company, valued at approximately $13,524.18. The disclosure for this sale can be found here. Insiders sold a total of 5,976 shares of company stock worth $788,183 in the last ninety days. Insiders own 1.00% of the company’s stock.

Arrow Electronics Company 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.