Two Point Capital Management Inc. Increases Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Two Point Capital Management Inc. increased its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,269 shares of the technology company’s stock after acquiring an additional 1,607 shares during the quarter. Arrow Electronics comprises approximately 1.2% of Two Point Capital Management Inc.’s portfolio, making the stock its 22nd biggest position. Two Point Capital Management Inc.’s holdings in Arrow Electronics were worth $2,600,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARW. Assenagon Asset Management S.A. lifted its stake in Arrow Electronics by 317.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 538,726 shares of the technology company’s stock worth $65,859,000 after acquiring an additional 409,810 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in Arrow Electronics by 67.2% during the third 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 buying an additional 380,383 shares during the period. Ameriprise Financial Inc. lifted its position in Arrow Electronics by 42.9% during the third quarter. Ameriprise Financial Inc. now owns 1,164,451 shares of the technology company’s stock valued at $145,244,000 after buying an additional 349,561 shares during the period. Invesco Ltd. lifted its position in Arrow Electronics by 37.8% during the third quarter. Invesco Ltd. now owns 826,096 shares of the technology company’s stock valued at $103,460,000 after buying an additional 226,769 shares during the period. Finally, River Road Asset Management LLC purchased a new position in Arrow Electronics during the fourth quarter valued at $18,232,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, CAO Yun Sung Cho sold 739 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $117.22, for a total transaction of $86,625.58. Following the completion of the sale, the chief accounting officer now directly owns 1,389 shares in the company, valued at approximately $162,818.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Richard John Marano sold 1,900 shares of Arrow Electronics stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $116.46, for a total transaction of $221,274.00. Following the transaction, the insider now directly owns 12,108 shares of the company’s stock, valued at approximately $1,410,097.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Yun Sung Cho sold 739 shares of Arrow Electronics stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $117.22, for a total value of $86,625.58. Following the transaction, the chief accounting officer now directly owns 1,389 shares in the company, valued at $162,818.58. The disclosure for this sale can be found here. Insiders sold a total of 4,134 shares of company stock worth $488,795 in the last three months. 1.00% of the stock is currently owned by company insiders.

Arrow Electronics Stock Performance

NYSE ARW traded up $0.81 during trading hours on Friday, hitting $128.62. The company’s stock had a trading volume of 213,787 shares, compared to its average volume of 525,253. Arrow Electronics, Inc. has a 12 month low of $108.51 and a 12 month high of $147.42. The company’s 50 day simple moving average is $122.37 and its two-hundred day simple moving average is $119.20. The company has a market cap of $6.94 billion, a P/E ratio of 8.15 and a beta of 1.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.39 and a quick ratio of 1.00.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $3.98 EPS for the quarter, topping the consensus estimate of $3.72 by $0.26. Arrow Electronics had a return on equity of 17.22% and a net margin of 2.73%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same period last year, the company earned $5.69 EPS. Arrow Electronics’s revenue for the quarter was down 15.8% on a year-over-year basis. As a group, sell-side analysts expect that Arrow Electronics, Inc. will post 11.53 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Truist Financial reduced their price target on Arrow Electronics from $128.00 to $124.00 and set a “hold” rating for the company in a report on Friday, February 9th.

Arrow Electronics 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.