Meixler Investment Management Ltd. Purchases 1,617 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Meixler Investment Management Ltd. boosted its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 94.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,333 shares of the technology company’s stock after buying an additional 1,617 shares during the period. Meixler Investment Management Ltd.’s holdings in Arrow Electronics were worth $443,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ARW. Pacer Advisors Inc. boosted its position in shares of Arrow Electronics by 9,044.0% during the 2nd quarter. Pacer Advisors Inc. now owns 1,218,159 shares of the technology company’s stock valued at $147,105,000 after acquiring an additional 1,204,837 shares during the last quarter. Boston Partners lifted its position in Arrow Electronics by 108.5% during the first quarter. Boston Partners now owns 1,001,443 shares of the technology company’s stock valued at $129,622,000 after purchasing an additional 521,117 shares during the last quarter. Lind Value II ApS purchased a new position in Arrow Electronics in the 1st quarter worth approximately $66,949,000. Dimensional Fund Advisors LP increased its holdings in shares of Arrow Electronics by 13.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,743,892 shares of the technology company’s stock worth $331,353,000 after buying an additional 325,122 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Arrow Electronics by 657.5% during the 1st quarter. Janus Henderson Group PLC now owns 222,888 shares of the technology company’s stock valued at $28,854,000 after buying an additional 193,462 shares in the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on ARW. Raymond James reduced their target price 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. Truist Financial reduced their price objective 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. Finally, Wells Fargo & Company boosted their target price on Arrow Electronics from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $124.25.

Arrow Electronics Stock Down 1.0 %

ARW opened at $120.20 on Monday. Arrow Electronics, Inc. has a 12 month low of $108.51 and a 12 month high of $137.80. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $129.96 and its 200-day moving average price is $128.10. The company has a market cap of $6.32 billion, a P/E ratio of 13.42 and a beta of 1.27.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.15. The business had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.73 billion. Arrow Electronics had a return on equity of 10.71% and a net margin of 1.71%. The business’s quarterly revenue was down 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $4.14 EPS. On average, equities analysts expect that Arrow Electronics, Inc. will post 10.43 EPS 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.