Greenhaven Associates Inc. Increases Position in Arrow Electronics, Inc. (NYSE:ARW)

Greenhaven Associates Inc. lifted its position in Arrow Electronics, Inc. (NYSE:ARW) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,904,857 shares of the technology company’s stock after acquiring an additional 20,484 shares during the period. Arrow Electronics accounts for about 3.2% of Greenhaven Associates Inc.’s investment portfolio, making the stock its 8th largest holding. Greenhaven Associates Inc.’s holdings in Arrow Electronics were worth $215,477,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in shares of Arrow Electronics by 71.9% during the third quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company’s stock valued at $278,220,000 after purchasing an additional 876,396 shares during the last quarter. FMR LLC raised its stake in Arrow Electronics by 371.1% during the third quarter. FMR LLC now owns 434,905 shares of the technology company’s stock valued at $57,768,000 after buying an additional 342,590 shares during the last quarter. Lind Value II ApS grew its stake in shares of 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 acquiring an additional 172,669 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Arrow Electronics by 115.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company’s stock worth $41,948,000 after purchasing an additional 168,904 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Arrow Electronics by 220.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 149,510 shares of the technology company’s stock valued at $19,859,000 after purchasing an additional 102,854 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Arrow Electronics Stock Performance

ARW opened at $119.24 on Wednesday. The firm has a market cap of $6.27 billion, a P/E ratio of 13.31 and a beta of 1.26. Arrow Electronics, Inc. has a 1-year low of $108.51 and a 1-year high of $137.80. The company has a 50 day simple moving average of $116.53 and a two-hundred day simple moving average of $124.03. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.09.

Arrow Electronics (NYSE:ARW) last issued its 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. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.73 billion. Arrow Electronics had a return on equity of 10.71% and a net margin of 1.71%. The firm’s quarterly revenue was down 14.8% on a year-over-year basis. During the same quarter last year, the company earned $4.14 EPS. Equities analysts forecast that Arrow Electronics, Inc. will post 10.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on ARW shares. Wells Fargo & Company dropped their target price on shares of Arrow Electronics from $105.00 to $100.00 and set an “underweight” rating on the stock in a research note on Monday, January 13th. 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 note on Friday, November 1st. Finally, Raymond James lowered 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.

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.