BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its place in Arrow Electronics, Inc. (NYSE:ARW – Get Score) by 16.5% within the third quarter, in keeping with its most up-to-date submitting with the Securities and Trade Fee. The institutional investor owned 6,642 shares of the know-how firm’s inventory after promoting 1,315 shares throughout the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Arrow Electronics had been value $612,000 on the finish of the newest quarter.
Different hedge funds and different institutional traders have additionally just lately modified their holdings of the corporate. PGGM Investments bought a brand new place in shares of Arrow Electronics within the third quarter value about $6,344,000. UBS Asset Administration Americas Inc. boosted its holdings in shares of Arrow Electronics by 1.6% within the 2nd quarter. UBS Asset Administration Americas Inc. now owns 403,049 shares of the know-how firm’s inventory value $45,178,000 after buying an extra 6,378 shares within the final quarter. Bounce Monetary LLC bought a brand new place in shares of Arrow Electronics within the third quarter value about $323,000. Burns J W & Co. Inc. NY bought a brand new place in shares of Arrow Electronics within the third quarter value about $218,000. Lastly, Intech Funding Administration LLC lifted its stake in shares of Arrow Electronics by 7.7% within the third quarter. Intech Funding Administration LLC now owns 7,211 shares of the know-how firm’s inventory valued at $665,000 after buying an extra 517 shares over the last quarter. 95.49% of the inventory is at the moment owned by hedge funds and different institutional traders.
Arrow Electronics Inventory Down 0.5 %
ARW inventory opened at $119.60 on Thursday. Arrow Electronics, Inc. has a fifty-two week low of $89.38 and a fifty-two week excessive of $134.56. The enterprise’s 50 day transferring common worth is $114.93 and its two-hundred day transferring common worth is $107.45. The corporate has a debt-to-equity ratio of 0.57, a fast ratio of 1.05 and a present ratio of 1.48. The corporate has a market capitalization of $6.97 billion, a price-to-earnings ratio of 5.49, a price-to-earnings-growth ratio of 1.96 and a beta of 1.40.
Arrow Electronics (NYSE:ARW – Get Score) final posted its quarterly earnings outcomes on Thursday, February 2nd. The know-how firm reported $5.69 earnings per share for the quarter, topping the consensus estimate of $5.68 by $0.01. The corporate had income of $9.32 billion for the quarter, in comparison with the consensus estimate of $9.31 billion. Arrow Electronics had a return on fairness of 26.96% and a internet margin of three.84%. The agency’s quarterly income was up 3.4% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the prior 12 months, the enterprise posted $5.37 EPS. As a bunch, analysts forecast that Arrow Electronics, Inc. will submit 15.78 earnings per share for the present fiscal 12 months.
Analyst Scores Adjustments
A variety of analysis companies have just lately weighed in on ARW. The Goldman Sachs Group boosted their goal worth on Arrow Electronics from $111.00 to $126.00 and gave the corporate a “impartial” ranking in a analysis word on Monday, February sixth. Raymond James upped their worth goal on Arrow Electronics from $125.00 to $150.00 and gave the corporate an “outperform” ranking in a analysis report on Friday, February third. Citigroup upped their worth goal on Arrow Electronics from $115.00 to $140.00 and gave the corporate a “impartial” ranking in a analysis report on Friday, February third. Wells Fargo & Firm upped their worth goal on Arrow Electronics from $87.00 to $100.00 and gave the corporate an “underweight” ranking in a analysis report on Friday, February third. Lastly, Truist Monetary upped their worth goal on Arrow Electronics from $116.00 to $131.00 and gave the corporate a “maintain” ranking in a analysis report on Friday, February third. One analysis analyst has rated the inventory with a promote ranking, 4 have assigned a maintain ranking and two have issued a purchase ranking to the corporate. In keeping with knowledge from MarketBeat, Arrow Electronics has a consensus ranking of “Maintain” and a mean worth goal of $125.33.
Arrow Electronics Profile
Arrow Electronics, Inc is a supplier of merchandise, providers, and options to industrial and industrial customers of digital parts and enterprise computing options. It operates by means of two segments: World Parts Enterprise and World Enterprise Computing Options. The World Parts section is concerned within the advertising and marketing and distribution of digital parts and supplies a spread of value-added capabilities all through the whole life cycle of know-how services by means of design engineering, international advertising and marketing, and integration, international logistics and provide chain administration.
Additional Studying
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