Moody Aldrich Partners LLC Makes New $1.57 Million Investment in Arrow Electronics, Inc. (NYSE:ARW)

Moody Aldrich Partners LLC purchased a new position in shares of Arrow Electronics, Inc. (NYSE:ARW) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 13,904 shares of the technology company’s stock, valued at approximately $1,573,000.

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

Arrow Electronics Stock Up 0.8 %

ARW stock opened at $117.12 on Wednesday. Arrow Electronics, Inc. has a fifty-two week low of $108.51 and a fifty-two week high of $137.80. The business’s 50 day moving average price is $116.89 and its two-hundred day moving average price is $123.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.46. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 13.07 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share for the quarter, topping 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 firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter in the prior year, the business earned $4.14 EPS. The business’s revenue for the quarter was down 14.8% on a year-over-year basis. As a group, analysts forecast that Arrow Electronics, Inc. will post 10.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.