Moody Aldrich Partners LLC Purchases New Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Moody Aldrich Partners LLC purchased a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,904 shares of the technology company’s stock, valued at approximately $1,573,000.

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

Arrow Electronics Price Performance

NYSE:ARW opened at $117.12 on Wednesday. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 13.07 and a beta of 1.26. Arrow Electronics, Inc. has a 52-week low of $108.51 and a 52-week high of $137.80. The stock has a fifty day moving average of $116.89 and a 200 day moving average of $123.96. 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 posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.15. Arrow Electronics had a return on equity of 10.71% and a net margin of 1.71%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same quarter last year, the company earned $4.14 earnings per share. The firm’s quarterly revenue was down 14.8% on a year-over-year basis. On average, research analysts expect that Arrow Electronics, Inc. will post 10.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company reduced their price target 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. Truist Financial dropped their price objective on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, Raymond James dropped their price objective on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Friday, November 1st.

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.