Arrow Electronics, Inc. (NYSE:ARW) Shares Acquired by Two Point Capital Management Inc.

Two Point Capital Management Inc. lifted its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 2.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,428 shares of the technology company’s stock after acquiring an additional 509 shares during the period. Arrow Electronics accounts for approximately 1.0% of Two Point Capital Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Two Point Capital Management Inc.’s holdings in Arrow Electronics were worth $2,675,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Summit Trail Advisors LLC increased its position in Arrow Electronics by 2.8% during the third quarter. Summit Trail Advisors LLC now owns 3,925 shares of the technology company’s stock worth $521,000 after buying an additional 108 shares during the period. Creative Planning increased its position in Arrow Electronics by 1.1% during the third quarter. Creative Planning now owns 11,189 shares of the technology company’s stock worth $1,486,000 after buying an additional 123 shares during the period. Covestor Ltd increased its position in Arrow Electronics by 14.0% during the third quarter. Covestor Ltd now owns 1,064 shares of the technology company’s stock worth $141,000 after buying an additional 131 shares during the period. Foundations Investment Advisors LLC increased its position 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 buying an additional 153 shares during the period. Finally, Studio Investment Management LLC increased its position in Arrow Electronics by 5.9% during the third quarter. Studio Investment Management LLC now owns 2,929 shares of the technology company’s stock worth $389,000 after buying an additional 164 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Arrow Electronics Trading Down 0.7 %

NYSE:ARW opened at $106.88 on Thursday. The firm has a market cap of $5.62 billion, a P/E ratio of 14.68 and a beta of 1.26. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. The stock’s 50 day simple moving average is $115.21 and its 200-day simple moving average is $123.10. Arrow Electronics, Inc. has a 12-month low of $105.00 and a 12-month high of $137.80.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. Equities analysts anticipate that Arrow Electronics, Inc. will post 12.81 EPS for the current year.

Analyst Ratings Changes

ARW has been the topic of several research analyst reports. Raymond James cut their price target on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Truist Financial cut their price target on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company dropped their target price on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Finally, Bank of America lowered Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $121.25.

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.