Ieq Capital LLC Has $987,000 Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

Ieq Capital LLC increased its stake in Arrow Electronics, Inc. (NYSE:ARW) by 35.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,723 shares of the technology company’s stock after acquiring an additional 2,271 shares during the quarter. Ieq Capital LLC’s holdings in Arrow Electronics were worth $987,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Meixler Investment Management Ltd. increased its holdings in shares of Arrow Electronics by 2.6% during the fourth quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company’s stock valued at $387,000 after acquiring an additional 88 shares in the last quarter. Summit Trail Advisors LLC increased its holdings in shares of Arrow Electronics by 2.8% during the third quarter. Summit Trail Advisors LLC now owns 3,925 shares of the technology company’s stock valued at $521,000 after acquiring an additional 108 shares in the last quarter. Creative Planning increased its holdings in shares of Arrow Electronics by 1.1% during the third quarter. Creative Planning now owns 11,189 shares of the technology company’s stock valued at $1,486,000 after acquiring an additional 123 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of Arrow Electronics by 35.7% during the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock valued at $54,000 after acquiring an additional 126 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Arrow Electronics by 14.0% during 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 in the last quarter. 99.34% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Yun Sung Cho sold 237 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $108.73, for a total transaction of $25,769.01. Following the transaction, the chief accounting officer now owns 2,086 shares of the company’s stock, valued at $226,810.78. This represents a 10.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company’s stock.

Arrow Electronics Stock Down 1.5 %

ARW stock opened at $110.10 on Wednesday. The stock’s fifty day simple moving average is $113.40 and its two-hundred day simple moving average is $122.15. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. Arrow Electronics, Inc. has a 1-year low of $105.00 and a 1-year high of $137.80. The stock has a market cap of $5.74 billion, a P/E ratio of 15.12, a P/E/G ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last issued its quarterly 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 return on equity of 9.69% and a net margin of 1.40%. Analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ARW shares. Raymond James decreased their price objective on 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 cut their target price on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company cut their target price on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a research report on Friday, February 7th. Finally, Bank of America cut Arrow Electronics from a “neutral” rating to an “underperform” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $121.25.

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.