Arrow Electronics, Inc. (NYSE:ARW) Holdings Trimmed by Oldfield Partners LLP

Oldfield Partners LLP trimmed its position in Arrow Electronics, Inc. (NYSE:ARW) by 24.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 337,900 shares of the technology company’s stock after selling 112,300 shares during the period. Arrow Electronics makes up about 11.1% of Oldfield Partners LLP’s holdings, making the stock its 5th biggest position. Oldfield Partners LLP owned approximately 0.64% of Arrow Electronics worth $38,223,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new position in Arrow Electronics in the 3rd quarter valued at about $31,000. Brooklyn Investment Group acquired a new position in shares of Arrow Electronics during the 3rd quarter valued at about $40,000. Capital Performance Advisors LLP acquired a new stake in Arrow Electronics during the 3rd quarter worth approximately $73,000. DekaBank Deutsche Girozentrale acquired a new stake in Arrow Electronics during the 3rd quarter worth approximately $78,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Arrow Electronics in the 3rd quarter worth approximately $88,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on ARW. Truist Financial decreased their price target on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a report on Friday, November 1st. Raymond James reduced their target price on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Wells Fargo & Company dropped their price target on Arrow Electronics from $105.00 to $100.00 and set an “underweight” rating on the stock in a research report on Monday, January 13th.

Arrow Electronics Price Performance

Shares of ARW opened at $117.10 on Wednesday. The stock’s fifty day moving average is $116.89 and its 200-day moving average is $123.96. Arrow Electronics, Inc. has a one year low of $108.51 and a one year high of $137.80. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 13.03 and a beta of 1.26. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.46.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $6.73 billion. During the same quarter last year, the company posted $4.14 EPS. Arrow Electronics’s revenue for the quarter was down 14.8% on a year-over-year basis. Equities analysts anticipate that Arrow Electronics, Inc. will post 10.26 EPS 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.