Impact Partnership Wealth LLC Purchases 236 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Impact Partnership Wealth LLC grew its position in Arrow Electronics, Inc. (NYSE:ARW) by 15.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,776 shares of the technology company’s stock after acquiring an additional 236 shares during the period. Impact Partnership Wealth LLC’s holdings in Arrow Electronics were worth $201,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ARW. True Wealth Design LLC acquired a new stake in shares of Arrow Electronics in the third quarter valued at approximately $31,000. Brooklyn Investment Group acquired a new stake in shares of Arrow Electronics in the third quarter valued at approximately $40,000. Capital Performance Advisors LLP acquired a new stake in shares of Arrow Electronics in the third quarter valued at approximately $73,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Arrow Electronics in the third quarter valued at approximately $78,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Arrow Electronics during the 3rd quarter worth $88,000. Institutional investors own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

ARW has been the subject of a number of analyst reports. Raymond James lowered their target price on shares of Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Truist Financial lowered their target price on shares of Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a report on Friday, November 1st. Finally, Wells Fargo & Company lowered their target price 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.

Arrow Electronics Price Performance

Shares of ARW stock opened at $119.20 on Friday. Arrow Electronics, Inc. has a 12-month low of $108.51 and a 12-month high of $137.80. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 13.30 and a beta of 1.26. 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 firm has a fifty day moving average of $116.79 and a 200-day moving average of $124.01.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.15. Arrow Electronics had a net margin of 1.71% and a return on equity of 10.71%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same quarter in the previous year, the business earned $4.14 EPS. The firm’s revenue was down 14.8% on a year-over-year basis. On average, equities research analysts forecast that Arrow Electronics, Inc. will post 10.26 earnings per share for the current 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.