Fullcircle Wealth LLC acquired a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,966 shares of the technology company’s stock, valued at approximately $577,000.
Several other hedge funds also recently bought and sold shares of ARW. ACR Alpine Capital Research LLC grew its stake in Arrow Electronics by 2,391.7% during the second quarter. ACR Alpine Capital Research LLC now owns 2,156,373 shares of the technology company’s stock valued at $274,787,000 after acquiring an additional 2,069,832 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Arrow Electronics by 7,460.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 369,498 shares of the technology company’s stock valued at $47,085,000 after acquiring an additional 364,611 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in Arrow Electronics during the first quarter valued at approximately $35,598,000. ARGA Investment Management LP lifted its position in Arrow Electronics by 94.7% during the second quarter. ARGA Investment Management LP now owns 571,645 shares of the technology company’s stock valued at $72,845,000 after purchasing an additional 278,084 shares during the last quarter. Finally, DnB Asset Management AS lifted its position in Arrow Electronics by 23.4% during the first quarter. DnB Asset Management AS now owns 685,051 shares of the technology company’s stock valued at $71,129,000 after purchasing an additional 129,986 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.
Arrow Electronics Trading Up 0.1%
Shares of ARW opened at $111.65 on Tuesday. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 0.55 and a beta of 1.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.39. Arrow Electronics, Inc. has a fifty-two week low of $86.50 and a fifty-two week high of $134.74. The firm has a 50 day moving average price of $121.68 and a 200-day moving average price of $122.15.
Wall Street Analyst Weigh In
ARW has been the subject of several research analyst reports. Zacks Research upgraded shares of Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Wall Street Zen lowered shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company dropped their target price on shares of Arrow Electronics from $98.00 to $94.00 and set an “underweight” rating for the company in a research report on Friday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Arrow Electronics in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $102.00.
View Our Latest Stock Analysis on ARW
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.
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