Blue Trust Inc. Purchases 907 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Blue Trust Inc. boosted its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 22.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,943 shares of the technology company’s stock after purchasing an additional 907 shares during the period. Blue Trust Inc.’s holdings in Arrow Electronics were worth $559,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ARW. True Wealth Design LLC acquired a new stake in shares of Arrow Electronics during the third quarter worth approximately $31,000. Brooklyn Investment Group acquired a new stake in Arrow Electronics during the 3rd quarter valued at $40,000. Capital Performance Advisors LLP bought a new position in Arrow Electronics in the 3rd quarter valued at $73,000. DekaBank Deutsche Girozentrale acquired a new position in Arrow Electronics in the third quarter worth $78,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Arrow Electronics during the third quarter worth $88,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Arrow Electronics Stock Performance

Shares of NYSE:ARW opened at $117.03 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39. Arrow Electronics, Inc. has a 1-year low of $108.51 and a 1-year high of $137.80. The stock has a market capitalization of $6.15 billion, a P/E ratio of 13.06 and a beta of 1.26. The business has a 50-day moving average price of $116.95 and a two-hundred day moving average price of $123.86.

Arrow Electronics (NYSE:ARW) last posted its quarterly 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 net margin of 1.71% and a return on equity of 10.71%. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the previous year, the firm posted $4.14 earnings per share. Arrow Electronics’s revenue for the quarter was down 14.8% compared to the same quarter last year. Equities analysts predict that Arrow Electronics, Inc. will post 10.26 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on ARW. Truist Financial reduced their price target on shares of 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 decreased their price target 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. Finally, Raymond James dropped their price objective on shares of Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Friday, November 1st.

Arrow Electronics 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.