Wilmington Savings Fund Society FSB Sells 221 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Wilmington Savings Fund Society FSB reduced its position in Arrow Electronics, Inc. (NYSE:ARW) by 4.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,452 shares of the technology company’s stock after selling 221 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Arrow Electronics were worth $504,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ARW. GAMMA Investing LLC grew its holdings in Arrow Electronics by 24.6% in the third quarter. GAMMA Investing LLC now owns 695 shares of the technology company’s stock worth $92,000 after purchasing an additional 137 shares during the last quarter. CWM LLC increased its position in Arrow Electronics by 254.3% during the 3rd quarter. CWM LLC now owns 6,072 shares of the technology company’s stock valued at $806,000 after buying an additional 4,358 shares in the last quarter. Inspire Investing LLC increased its position in Arrow Electronics by 5.2% during the 3rd quarter. Inspire Investing LLC now owns 3,478 shares of the technology company’s stock valued at $462,000 after buying an additional 171 shares in the last quarter. Creative Planning increased its position in Arrow Electronics by 1.1% during the 3rd quarter. Creative Planning now owns 11,189 shares of the technology company’s stock valued at $1,486,000 after buying an additional 123 shares in the last quarter. Finally, Inspire Advisors LLC purchased a new position in shares of Arrow Electronics in the 3rd quarter valued at approximately $209,000. 99.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Bank of America lowered shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research report on Friday, February 7th. Wells Fargo & Company lowered their price objective on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. Truist Financial lowered their price objective on shares of Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, Raymond James dropped their price target on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Arrow Electronics presently has a consensus rating of “Hold” and a consensus target price of $121.25.

Arrow Electronics Stock Performance

Shares of ARW stock opened at $107.59 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. Arrow Electronics, Inc. has a 52-week low of $105.00 and a 52-week high of $137.80. The business has a 50-day simple moving average of $115.48 and a 200-day simple moving average of $123.21. The stock has a market cap of $5.66 billion, a PE ratio of 14.78 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. On average, equities analysts expect that Arrow Electronics, Inc. will post 12.81 EPS for the current year.

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.