Ieq Capital LLC Has $987,000 Position in Arrow Electronics, Inc. (NYSE:ARW)

Ieq Capital LLC lifted its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 35.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,723 shares of the technology company’s stock after purchasing an additional 2,271 shares during the quarter. Ieq Capital LLC’s holdings in Arrow Electronics were worth $987,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Creative Planning boosted its position in Arrow Electronics by 1.1% during the 3rd quarter. Creative Planning now owns 11,189 shares of the technology company’s stock worth $1,486,000 after acquiring an additional 123 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Arrow Electronics by 60.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,313 shares of the technology company’s stock worth $971,000 after acquiring an additional 2,748 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Arrow Electronics during the 3rd quarter worth approximately $317,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Arrow Electronics during the 3rd quarter worth approximately $88,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Arrow Electronics by 43.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,336 shares of the technology company’s stock worth $1,107,000 after acquiring an additional 2,544 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ARW shares. Bank of America downgraded Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Raymond James cut 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. Wells Fargo & Company cut their price objective on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a report on Friday, February 7th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $121.25.

Arrow Electronics Stock Down 1.5 %

ARW opened at $110.10 on Wednesday. Arrow Electronics, Inc. has a 1-year low of $105.00 and a 1-year high of $137.80. The stock’s fifty day simple moving average is $113.40 and its 200 day simple moving average is $122.15. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The stock has a market cap of $5.74 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. As a group, research analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Yun Sung Cho sold 237 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $108.73, for a total value of $25,769.01. Following the sale, the chief accounting officer now directly owns 2,086 shares of the company’s stock, valued at $226,810.78. This trade represents a 10.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.60% of the stock is owned by company insiders.

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.