Twin Tree Management LP increased its position in shares of Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 118.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,937 shares of the technology company’s stock after acquiring an additional 1,050 shares during the period. Twin Tree Management LP’s holdings in Arrow Electronics were worth $247,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Arrow Electronics by 12.3% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 821 shares of the technology company’s stock worth $105,000 after acquiring an additional 90 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Arrow Electronics by 84.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 221 shares of the technology company’s stock worth $28,000 after acquiring an additional 101 shares in the last quarter. Meritage Portfolio Management lifted its stake in Arrow Electronics by 4.3% during the 2nd quarter. Meritage Portfolio Management now owns 2,440 shares of the technology company’s stock worth $311,000 after acquiring an additional 101 shares in the last quarter. Beverly Hills Private Wealth LLC lifted its stake in Arrow Electronics by 4.2% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 2,643 shares of the technology company’s stock worth $274,000 after acquiring an additional 106 shares in the last quarter. Finally, Tectonic Advisors LLC lifted its stake in Arrow Electronics by 2.5% during the 2nd quarter. Tectonic Advisors LLC now owns 4,657 shares of the technology company’s stock worth $593,000 after acquiring an additional 112 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.
Arrow Electronics Price Performance
ARW stock opened at $119.10 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.39 and a quick ratio of 1.07. The firm has a market capitalization of $6.13 billion, a P/E ratio of 13.47, a P/E/G ratio of 0.56 and a beta of 1.09. The business’s 50-day moving average is $123.20 and its two-hundred day moving average is $120.08. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80.
Insiders Place Their Bets
In related news, CEO Sean J. Kerins acquired 8,630 shares of the business’s stock in a transaction on Friday, August 1st. The shares were bought at an average price of $114.91 per share, with a total value of $991,673.30. Following the completion of the acquisition, the chief executive officer owned 122,408 shares in the company, valued at $14,065,903.28. This trade represents a 7.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Wall Street Zen raised Arrow Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Arrow Electronics in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $115.75.
View Our Latest Stock Analysis on Arrow Electronics
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.
Featured Articles
- Five stocks we like better than Arrow Electronics
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- This AI Chip Giant Could Be the Market’s Next Big Winner
- How Technical Indicators Can Help You Find Oversold Stocks
- Broadcom Inks OpenAI Deal: Why It’s A Huge Win for AVGO Stock
- Earnings Per Share Calculator: How to Calculate EPS
- Institutions Are Fueling CrowdStrike’s Next Leg Higher
Want to see what other hedge funds are holding ARW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arrow Electronics, Inc. (NYSE:ARW – Free Report).
Receive News & Ratings for Arrow Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Electronics and related companies with MarketBeat.com's FREE daily email newsletter.