Sendero Wealth Management LLC Boosts Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Sendero Wealth Management LLC grew its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 47.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,547 shares of the technology company’s stock after purchasing an additional 2,440 shares during the quarter. Sendero Wealth Management LLC’s holdings in Arrow Electronics were worth $854,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Summit Trail Advisors LLC raised its stake in 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 buying an additional 108 shares in the last quarter. Creative Planning increased its holdings in shares of Arrow Electronics by 1.1% in the 3rd quarter. Creative Planning now owns 11,189 shares of the technology company’s stock valued at $1,486,000 after acquiring an additional 123 shares during the period. Inspire Investing LLC raised its position in shares of Arrow Electronics by 4.1% in the 2nd quarter. Inspire Investing LLC now owns 3,307 shares of the technology company’s stock worth $399,000 after acquiring an additional 130 shares in the last quarter. Covestor Ltd raised its position in shares of Arrow Electronics by 14.0% in the 3rd quarter. Covestor Ltd now owns 1,064 shares of the technology company’s stock worth $141,000 after acquiring an additional 131 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Arrow Electronics by 24.6% during the 3rd 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. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Arrow Electronics Trading Up 1.1 %

Shares of NYSE:ARW opened at $114.16 on Thursday. The business’s 50-day moving average is $116.74 and its 200 day moving average is $124.06. 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, Inc. has a 1 year low of $108.51 and a 1 year high of $137.80. The firm has a market capitalization of $6.00 billion, a P/E ratio of 12.74 and a beta of 1.26.

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. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.73 billion. Arrow Electronics had a net margin of 1.71% and a return on equity of 10.71%. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.14 earnings per share. On average, research analysts predict that Arrow Electronics, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ARW shares. Truist Financial cut their target price 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. Raymond James cut their price objective on shares of Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Wells Fargo & Company decreased their target price on shares of Arrow Electronics from $105.00 to $100.00 and set an “underweight” rating for the company in a research report on Monday.

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.