Lind Value II ApS Increases Stake in Arrow Electronics, Inc. (NYSE:ARW)

Lind Value II ApS raised its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 36.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 648,637 shares of the technology company’s stock after acquiring an additional 172,669 shares during the period. Arrow Electronics makes up 32.6% of Lind Value II ApS’s holdings, making the stock its largest position. Lind Value II ApS’s holdings in Arrow Electronics were worth $73,374,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in shares of Arrow Electronics by 69.6% during the 2nd quarter. American Century Companies Inc. now owns 55,962 shares of the technology company’s stock valued at $6,758,000 after purchasing an additional 22,966 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Arrow Electronics by 21.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,706 shares of the technology company’s stock valued at $568,000 after purchasing an additional 825 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Arrow Electronics by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 140,469 shares of the technology company’s stock worth $16,963,000 after purchasing an additional 7,910 shares during the period. Dimensional Fund Advisors LP raised its stake in 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 valued at $331,353,000 after acquiring an additional 325,122 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in Arrow Electronics in the 2nd quarter valued at $1,267,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Arrow Electronics Price Performance

Shares of Arrow Electronics stock opened at $112.68 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 12.58 and a beta of 1.26. Arrow Electronics, Inc. has a twelve month low of $108.51 and a twelve month high of $137.80. The company has a 50-day simple moving average of $116.92 and a two-hundred day simple moving average of $124.13.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share for the quarter, beating 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 company 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 business earned $4.14 earnings per share. The firm’s quarterly revenue was down 14.8% on a year-over-year basis. Analysts forecast that Arrow Electronics, Inc. will post 10.23 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ARW. Wells Fargo & Company dropped their price objective on shares of Arrow Electronics from $105.00 to $100.00 and set an “underweight” rating on the stock in a research report on Monday. Truist Financial cut 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 report on Friday, November 1st. Finally, Raymond James decreased their target price on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock 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.