Denali Advisors LLC acquired a new position in Arrow Electronics, Inc. (NYSE:ARW – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,631 shares of the technology company’s stock, valued at approximately $208,000.
Several other large investors have also recently modified their holdings of the stock. Cidel Asset Management Inc. purchased a new position in shares of Arrow Electronics in the second quarter worth about $210,000. Chicago Partners Investment Group LLC purchased a new stake in Arrow Electronics in the 2nd quarter worth approximately $261,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Arrow Electronics in the 2nd quarter worth approximately $1,846,000. Foster & Motley Inc. increased its stake in shares of Arrow Electronics by 48.2% during the second quarter. Foster & Motley Inc. now owns 14,730 shares of the technology company’s stock valued at $1,877,000 after buying an additional 4,788 shares during the period. Finally, Tweedy Browne Co LLC bought a new position in shares of Arrow Electronics during the second quarter valued at approximately $400,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.
Arrow Electronics Stock Up 0.8%
ARW stock opened at $121.06 on Friday. Arrow Electronics, Inc. has a fifty-two week low of $86.50 and a fifty-two week high of $137.80. The business’s 50 day moving average price is $123.10 and its two-hundred day moving average price is $120.83. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.39. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09.
Insider Buying and Selling at Arrow Electronics
In related news, CEO Sean J. Kerins acquired 8,630 shares of Arrow Electronics stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average price of $114.91 per share, with a total value of $991,673.30. Following the transaction, the chief executive officer directly owned 122,408 shares in the company, valued at approximately $14,065,903.28. This 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 the SEC website. Company insiders own 1.00% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. Zacks Research raised shares of Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Wall Street Zen raised shares of Arrow Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Arrow Electronics in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $115.75.
Get Our Latest Research Report on ARW
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.
Featured Articles
- Five stocks we like better than Arrow Electronics
- The Significance of Brokerage Rankings in Stock Selection
- Warner Bros. Bidding War Potential: How High Could WBD Shares Go?
- 10 Best Airline Stocks to Buy
- Analysts Eye 30% Upside in Netflix After Q3 Earnings Crash
- How to Calculate Retirement Income: MarketBeat’s Calculator
- O’Reilly Automotive’s Stock Price Uptrend Will Continue in 2026
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.
