Wilmington Savings Fund Society FSB Cuts Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

Wilmington Savings Fund Society FSB cut its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,452 shares of the technology company’s stock after selling 221 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Arrow Electronics were worth $504,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. lifted its position in Arrow Electronics by 71.9% in the third quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company’s stock worth $278,220,000 after buying an additional 876,396 shares during the last quarter. Greenhaven Associates Inc. grew its holdings in Arrow Electronics by 1.1% during the 4th quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company’s stock valued at $215,477,000 after purchasing an additional 20,484 shares during the last quarter. State Street Corp raised its position in Arrow Electronics by 0.3% in the 3rd quarter. State Street Corp now owns 1,689,695 shares of the technology company’s stock worth $224,442,000 after purchasing an additional 4,811 shares during the period. Lind Value II ApS lifted its stake in Arrow Electronics by 36.3% in the fourth quarter. Lind Value II ApS now owns 648,637 shares of the technology company’s stock worth $73,374,000 after purchasing an additional 172,669 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Arrow Electronics by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 483,936 shares of the technology company’s stock valued at $64,281,000 after buying an additional 10,340 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ARW has been the subject of a number of research analyst reports. 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 research note on Friday, November 1st. Wells Fargo & Company lowered their target price on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. Raymond James reduced their price target on shares of Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Bank of America lowered shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $121.25.

Arrow Electronics Price Performance

ARW opened at $107.59 on Wednesday. Arrow Electronics, Inc. has a 12-month low of $105.00 and a 12-month high of $137.80. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. The business’s fifty day simple moving average is $115.48 and its 200-day simple moving average is $123.21. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 14.78 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. On average, equities research analysts anticipate that Arrow Electronics, Inc. will post 12.81 earnings per share for the current fiscal year.

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.