Flagship Harbor Advisors LLC Has $232,000 Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Flagship Harbor Advisors LLC boosted its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 16.8% in the fourth quarter, HoldingsChannel reports. The firm owned 2,053 shares of the technology company’s stock after acquiring an additional 295 shares during the period. Flagship Harbor Advisors LLC’s holdings in Arrow Electronics were worth $232,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its stake in shares of Arrow Electronics by 71.9% in the third quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company’s stock valued at $278,220,000 after buying an additional 876,396 shares in the last quarter. Franklin Resources Inc. increased its position in Arrow Electronics by 1,072.6% in the 3rd quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company’s stock valued at $5,564,000 after acquiring an additional 37,746 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Arrow Electronics by 140.4% in the third quarter. Cerity Partners LLC now owns 12,034 shares of the technology company’s stock worth $1,598,000 after acquiring an additional 7,028 shares during the last quarter. Lind Value II ApS lifted its position in shares of Arrow Electronics by 36.3% during the fourth quarter. Lind Value II ApS now owns 648,637 shares of the technology company’s stock worth $73,374,000 after purchasing an additional 172,669 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Arrow Electronics by 115.0% during the third quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company’s stock valued at $41,948,000 after purchasing an additional 168,904 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Raymond James dropped their price objective 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. Truist Financial cut their price target on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, Wells Fargo & Company lowered their price objective on Arrow Electronics from $105.00 to $100.00 and set an “underweight” rating for the company in a research report on Monday, January 13th.

Arrow Electronics Stock Performance

ARW stock opened at $117.67 on Thursday. Arrow Electronics, Inc. has a twelve month low of $108.51 and a twelve month high of $137.80. 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 company has a market cap of $6.19 billion, a P/E ratio of 13.13 and a beta of 1.26. The business’s fifty day moving average is $116.96 and its 200-day moving average is $123.91.

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 firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.73 billion. Arrow Electronics had a return on equity of 10.71% and a net margin of 1.71%. The company’s quarterly revenue was down 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.14 earnings per share. Equities research analysts forecast that Arrow Electronics, Inc. will post 10.26 EPS for the current year.

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.