Avior Wealth Management LLC Sells 400 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Avior Wealth Management LLC decreased its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,300 shares of the technology company’s stock after selling 400 shares during the period. Avior Wealth Management LLC’s holdings in Arrow Electronics were worth $826,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado raised its position in shares of Arrow Electronics by 48.2% during the second quarter. Public Employees Retirement Association of Colorado now owns 3,044 shares of the technology company’s stock valued at $368,000 after buying an additional 990 shares during the last quarter. AE Wealth Management LLC raised its position in shares of Arrow Electronics by 8.3% during the second quarter. AE Wealth Management LLC now owns 2,084 shares of the technology company’s stock valued at $252,000 after buying an additional 160 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of Arrow Electronics by 5.7% during the second quarter. Squarepoint Ops LLC now owns 104,434 shares of the technology company’s stock valued at $12,611,000 after buying an additional 5,670 shares during the last quarter. Lighthouse Investment Partners LLC raised its position in shares of Arrow Electronics by 34.0% during the second quarter. Lighthouse Investment Partners LLC now owns 31,318 shares of the technology company’s stock valued at $3,782,000 after buying an additional 7,945 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its position in shares of Arrow Electronics by 122.1% during the second quarter. Susquehanna Fundamental Investments LLC now owns 64,476 shares of the technology company’s stock valued at $7,786,000 after buying an additional 35,450 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Trading Down 0.1 %

Shares of ARW opened at $119.20 on Friday. The company’s fifty day moving average is $116.79 and its 200 day moving average is $123.97. Arrow Electronics, Inc. has a fifty-two week low of $108.51 and a fifty-two week high of $137.80. The stock has a market capitalization of $6.27 billion, a PE ratio of 13.30 and a beta of 1.26. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.46.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.15. The company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.73 billion. Arrow Electronics had a net margin of 1.71% and a return on equity of 10.71%. Arrow Electronics’s quarterly revenue was down 14.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.14 earnings per share. Sell-side analysts expect that Arrow Electronics, Inc. will post 10.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ARW shares. Wells Fargo & Company reduced 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, January 13th. Raymond James reduced their price objective on shares of Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Truist Financial reduced their price target on shares of Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, November 1st.

Arrow Electronics Company 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.