Shares of Arrow Electronics, Inc. (NYSE:ARW – Get Free Report) have been given a consensus rating of “Hold” by the five analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $133.67.
Separately, StockNews.com cut shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Wednesday, December 13th.
Check Out Our Latest Stock Analysis on Arrow Electronics
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARW. Moneta Group Investment Advisors LLC purchased a new stake in Arrow Electronics during the 4th quarter worth approximately $230,362,000. Norges Bank bought a new stake in shares of Arrow Electronics in the 4th quarter valued at approximately $65,602,000. Assenagon Asset Management S.A. increased its holdings in shares of Arrow Electronics by 317.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 538,726 shares of the technology company’s stock valued at $65,859,000 after acquiring an additional 409,810 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Arrow Electronics by 67.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 946,398 shares of the technology company’s stock valued at $118,527,000 after acquiring an additional 380,383 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Arrow Electronics by 42.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,164,451 shares of the technology company’s stock valued at $145,244,000 after acquiring an additional 349,561 shares during the last quarter. Hedge funds and other institutional investors own 94.79% of the company’s stock.
Arrow Electronics Price Performance
Shares of NYSE:ARW opened at $116.83 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.45 and a quick ratio of 0.96. Arrow Electronics has a 1-year low of $109.54 and a 1-year high of $147.42. The company has a market capitalization of $6.33 billion, a P/E ratio of 6.52 and a beta of 1.40. The firm’s 50 day simple moving average is $120.15 and its two-hundred day simple moving average is $125.08.
Arrow Electronics (NYSE:ARW – Get Free Report) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.48 by $0.66. The company had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $8.09 billion. Arrow Electronics had a net margin of 3.06% and a return on equity of 19.78%. Research analysts expect that Arrow Electronics will post 16.81 EPS for the current fiscal year.
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.
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