QRG Capital Management Inc. Has $986,000 Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

QRG Capital Management Inc. grew its holdings in Arrow Electronics, Inc. (NYSE:ARWFree Report) by 6.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,421 shares of the technology company’s stock after purchasing an additional 445 shares during the period. QRG Capital Management Inc.’s holdings in Arrow Electronics were worth $986,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ARW. Intech Investment Management LLC acquired a new stake in Arrow Electronics in the 1st quarter valued at $682,000. State Board of Administration of Florida Retirement System raised its holdings in Arrow Electronics by 20.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 59,293 shares of the technology company’s stock worth $7,404,000 after acquiring an additional 10,083 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in Arrow Electronics by 128.9% during the first quarter. Illinois Municipal Retirement Fund now owns 35,304 shares of the technology company’s stock valued at $4,570,000 after purchasing an additional 19,880 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Arrow Electronics by 6.8% in the first quarter. Russell Investments Group Ltd. now owns 96,210 shares of the technology company’s stock valued at $12,456,000 after purchasing an additional 6,157 shares in the last quarter. Finally, Qsemble Capital Management LP acquired a new position in shares of Arrow Electronics during the 1st quarter worth approximately $599,000. Institutional investors own 99.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on ARW shares. Truist Financial cut their price objective on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a report on Friday, November 1st. Raymond James cut 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 note on Friday, November 1st. Finally, Wells Fargo & Company upped their target price on shares of Arrow Electronics from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $124.25.

Check Out Our Latest Report on ARW

Arrow Electronics Price Performance

NYSE:ARW opened at $120.20 on Friday. The company has a market cap of $6.32 billion, a P/E ratio of 13.42 and a beta of 1.27. The firm’s fifty day moving average price is $129.96 and its two-hundred day moving average price is $128.08. Arrow Electronics, Inc. has a one year low of $108.51 and a one year high of $137.80. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.09.

Arrow Electronics (NYSE:ARWGet Free Report) last released its quarterly 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. 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 analysts’ expectations of $6.73 billion. During the same period in the prior year, the firm earned $4.14 EPS. The business’s revenue was down 14.8% on a year-over-year basis. Equities analysts expect that Arrow Electronics, Inc. will post 10.43 earnings per share for the current year.

Arrow Electronics Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Arrow Electronics (NYSE:ARW)

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