Versor Investments LP bought a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor bought 8,158 shares of the technology company’s stock, valued at approximately $1,040,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in shares of Arrow Electronics by 84.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 221 shares of the technology company’s stock valued at $28,000 after acquiring an additional 101 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Arrow Electronics by 1,547.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 280 shares of the technology company’s stock valued at $36,000 after acquiring an additional 263 shares during the period. Operose Advisors LLC purchased a new position in shares of Arrow Electronics in the 1st quarter valued at $31,000. Geneos Wealth Management Inc. increased its holdings in shares of Arrow Electronics by 68.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 353 shares of the technology company’s stock valued at $37,000 after acquiring an additional 143 shares during the period. Finally, Quarry LP increased its holdings in shares of Arrow Electronics by 321.7% in the 1st quarter. Quarry LP now owns 388 shares of the technology company’s stock valued at $40,000 after acquiring an additional 296 shares during the period. 99.34% of the stock is currently owned by hedge funds and other institutional investors.
Arrow Electronics Stock Down 1.7%
Shares of ARW stock opened at $111.36 on Monday. Arrow Electronics, Inc. has a 1-year low of $86.50 and a 1-year high of $134.74. The stock’s fifty day moving average price is $122.03 and its 200 day moving average price is $122.09. 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 company has a market cap of $5.74 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 0.55 and a beta of 1.09.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on ARW shares. Wells Fargo & Company cut their price target on Arrow Electronics from $98.00 to $94.00 and set an “underweight” rating on the stock in a report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Arrow Electronics in a report on Wednesday, October 8th. Wall Street Zen downgraded Arrow Electronics from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research upgraded Arrow Electronics from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Arrow Electronics presently has a consensus rating of “Hold” and a consensus price target of $102.00.
Get Our Latest Report on Arrow Electronics
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.
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