Dakota Wealth Management Sells 4,940 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Dakota Wealth Management cut its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 28.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,731 shares of the technology company’s stock after selling 4,940 shares during the quarter. Dakota Wealth Management’s holdings in Arrow Electronics were worth $1,440,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ARW. Summit Trail Advisors LLC increased its holdings in shares of Arrow Electronics by 2.8% in the third quarter. Summit Trail Advisors LLC now owns 3,925 shares of the technology company’s stock worth $521,000 after purchasing an additional 108 shares during the last quarter. Creative Planning increased its holdings in shares of Arrow Electronics by 1.1% in the third quarter. Creative Planning now owns 11,189 shares of the technology company’s stock worth $1,486,000 after purchasing an additional 123 shares during the last quarter. Covestor Ltd increased its holdings in shares of Arrow Electronics by 14.0% in the third quarter. Covestor Ltd now owns 1,064 shares of the technology company’s stock worth $141,000 after purchasing an additional 131 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Arrow Electronics by 24.6% in the third quarter. GAMMA Investing LLC now owns 695 shares of the technology company’s stock worth $92,000 after purchasing an additional 137 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its stake in Arrow Electronics by 9.2% during the third quarter. Foundations Investment Advisors LLC now owns 1,810 shares of the technology company’s stock worth $240,000 after acquiring an additional 153 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

Arrow Electronics Stock Up 0.2 %

Shares of NYSE:ARW opened at $119.35 on Friday. Arrow Electronics, Inc. has a 1 year low of $108.51 and a 1 year high of $137.80. The business has a 50 day simple moving average of $116.63 and a two-hundred day simple moving average of $124.00. The firm has a market capitalization of $6.28 billion, a PE ratio of 13.32 and a beta of 1.26. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.09.

Arrow Electronics (NYSE:ARW) last announced its earnings results 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. The business had revenue of $6.82 billion during 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 revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.14 earnings per share. On average, equities analysts predict that Arrow Electronics, Inc. will post 10.26 EPS for the current year.

Analyst Ratings Changes

ARW has been the topic of several analyst reports. Raymond James reduced their price objective on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Truist Financial reduced their price objective 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 reduced their price objective on Arrow Electronics from $105.00 to $100.00 and set an “underweight” rating on the stock in a research note on Monday, January 13th.

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.