Buttonwood Financial Advisors Inc. Acquires 2,703 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Buttonwood Financial Advisors Inc. increased its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,860 shares of the technology company’s stock after buying an additional 2,703 shares during the period. Arrow Electronics accounts for 2.3% of Buttonwood Financial Advisors Inc.’s investment portfolio, making the stock its 11th biggest position. Buttonwood Financial Advisors Inc.’s holdings in Arrow Electronics were worth $5,301,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Summit Trail Advisors LLC boosted its stake in Arrow Electronics by 2.8% in the 3rd quarter. Summit Trail Advisors LLC now owns 3,925 shares of the technology company’s stock worth $521,000 after purchasing an additional 108 shares during the period. Creative Planning lifted its holdings in shares of Arrow Electronics by 1.1% in the third quarter. Creative Planning now owns 11,189 shares of the technology company’s stock worth $1,486,000 after buying an additional 123 shares in the last quarter. Covestor Ltd boosted its position in shares of Arrow Electronics by 14.0% in the third quarter. Covestor Ltd now owns 1,064 shares of the technology company’s stock valued at $141,000 after acquiring an additional 131 shares during the period. GAMMA Investing LLC grew its stake in Arrow Electronics by 24.6% during the third quarter. GAMMA Investing LLC now owns 695 shares of the technology company’s stock valued at $92,000 after acquiring an additional 137 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings in Arrow Electronics by 9.2% during the 3rd quarter. Foundations Investment Advisors LLC now owns 1,810 shares of the technology company’s stock worth $240,000 after acquiring an additional 153 shares during the period. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Arrow Electronics Stock Down 0.1 %

ARW opened at $119.20 on Monday. The business’s fifty day simple moving average is $116.79 and its 200 day simple moving average is $124.04. Arrow Electronics, Inc. has a 52 week low of $108.51 and a 52 week high of $137.80. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.39. The stock has a market cap of $6.27 billion, a PE ratio of 13.30 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.38 EPS for the quarter, beating 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 firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same period in the prior year, the company earned $4.14 EPS. The company’s revenue was down 14.8% on a year-over-year basis. As a group, research analysts expect that Arrow Electronics, Inc. will post 10.26 earnings per share 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.