Avior Wealth Management LLC Reduces Holdings in Arrow Electronics, Inc. (NYSE:ARW)

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

Other large investors have also recently made changes to their positions in the company. True Wealth Design LLC purchased a new stake in shares of Arrow Electronics during the third quarter valued at $31,000. Brooklyn Investment Group purchased a new stake in shares of Arrow Electronics during the third quarter valued at $40,000. Capital Performance Advisors LLP purchased a new stake in shares of Arrow Electronics during the third quarter valued at $73,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Arrow Electronics during the third quarter valued at $78,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Arrow Electronics during the third quarter valued at $88,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ARW. Truist Financial lowered their target price on shares of Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company decreased their price objective on Arrow Electronics from $105.00 to $100.00 and set an “underweight” rating for the company in a report on Monday, January 13th. Finally, Raymond James decreased their price objective on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Friday, November 1st.

Arrow Electronics Stock Performance

ARW stock opened at $119.20 on Friday. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 13.30 and a beta of 1.26. The firm has a 50-day simple moving average of $116.79 and a two-hundred day simple moving average of $123.97. 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 quick ratio of 1.09 and a current ratio of 1.46.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.23 by $0.15. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.73 billion. Arrow Electronics had a net margin of 1.71% and a return on equity of 10.71%. The company’s quarterly revenue was down 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $4.14 earnings per share. On average, equities analysts forecast that Arrow Electronics, Inc. will post 10.26 EPS for the current fiscal 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.