Hotchkis & Wiley Capital Management LLC Has $111.32 Million Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Hotchkis & Wiley Capital Management LLC decreased its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 26.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 838,067 shares of the technology company’s stock after selling 307,465 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 1.59% of Arrow Electronics worth $111,320,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ARW. Price T Rowe Associates Inc. MD boosted its holdings in Arrow Electronics by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,310 shares of the technology company’s stock worth $3,795,000 after purchasing an additional 1,381 shares during the last quarter. Cetera Advisors LLC purchased a new stake in Arrow Electronics during the 1st quarter valued at about $235,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Arrow Electronics during the 1st quarter valued at about $81,000. Versant Capital Management Inc raised its holdings in Arrow Electronics by 794.6% during the second quarter. Versant Capital Management Inc now owns 331 shares of the technology company’s stock valued at $40,000 after acquiring an additional 294 shares during the period. Finally, CWM LLC grew its stake in shares of Arrow Electronics by 59.7% in the 2nd quarter. CWM LLC now owns 1,714 shares of the technology company’s stock worth $207,000 after buying an additional 641 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ARW. Truist Financial dropped their price objective on shares of Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Raymond James cut their price target on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Arrow Electronics currently has a consensus rating of “Hold” and a consensus price target of $124.25.

Arrow Electronics Stock Performance

Shares of ARW stock opened at $122.60 on Tuesday. Arrow Electronics, Inc. has a 52 week low of $108.51 and a 52 week high of $137.80. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $6.45 billion, a PE ratio of 13.68 and a beta of 1.27. The company has a 50 day moving average price of $126.54 and a 200-day moving average price of $127.03.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data 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. Arrow Electronics had a net margin of 1.71% and a return on equity of 10.71%. 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 company posted $4.14 earnings per share. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. As a group, equities research analysts expect that Arrow Electronics, Inc. will post 10.23 earnings per share for the current year.

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.