Seizert Capital Partners LLC Grows Position in Arrow Electronics, Inc. (NYSE:ARW)

Seizert Capital Partners LLC increased its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 147.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 34,346 shares of the technology company’s stock after purchasing an additional 20,455 shares during the period. Seizert Capital Partners LLC’s holdings in Arrow Electronics were worth $4,562,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in shares of Arrow Electronics by 13.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,743,892 shares of the technology company’s stock worth $331,353,000 after acquiring an additional 325,122 shares during the period. Greenhaven Associates Inc. boosted its holdings in Arrow Electronics by 1.7% in the second quarter. Greenhaven Associates Inc. now owns 1,882,880 shares of the technology company’s stock worth $227,377,000 after purchasing an additional 32,052 shares during the last quarter. Cooke & Bieler LP grew its position in Arrow Electronics by 3.1% in the 2nd quarter. Cooke & Bieler LP now owns 1,877,460 shares of the technology company’s stock worth $226,722,000 after purchasing an additional 56,781 shares during the period. Earnest Partners LLC raised its stake in Arrow Electronics by 2.4% during the 2nd quarter. Earnest Partners LLC now owns 1,407,576 shares of the technology company’s stock valued at $169,979,000 after buying an additional 33,051 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings 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 buying an additional 1,204,837 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

ARW has been the topic of a number of research reports. Wells Fargo & Company lifted their price objective on Arrow Electronics from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Truist Financial dropped their target price 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, Raymond James reduced their price target 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. One 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $124.25.

Arrow Electronics Trading Down 0.0 %

Shares of ARW stock opened at $115.18 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.09. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 12.85 and a beta of 1.27. Arrow Electronics, Inc. has a 1 year low of $108.51 and a 1 year high of $137.80. The firm has a fifty day moving average price of $128.61 and a 200-day moving average price of $127.68.

Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.15. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.73 billion. Arrow Electronics had a return on equity of 10.71% and a net margin of 1.71%. Arrow Electronics’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.14 earnings per share. As a group, equities analysts predict that Arrow Electronics, Inc. will post 10.29 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.