Focus Partners Advisor Solutions LLC raised its position in shares of Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 204.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,332 shares of the technology company’s stock after buying an additional 4,927 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Arrow Electronics were worth $934,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Arrow Electronics by 84.2% in the second 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 in the last quarter. Operose Advisors LLC acquired a new stake in shares of Arrow Electronics in the first quarter valued at $31,000. Geneos Wealth Management Inc. raised its stake in shares of Arrow Electronics by 68.1% in the first 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 in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Arrow Electronics by 111.7% in the first quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company’s stock valued at $39,000 after acquiring an additional 200 shares in the last quarter. Finally, Quarry LP raised its stake in shares of Arrow Electronics by 321.7% in the first quarter. Quarry LP now owns 388 shares of the technology company’s stock valued at $40,000 after acquiring an additional 296 shares in the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.
Arrow Electronics Stock Down 0.7%
Arrow Electronics stock opened at $119.19 on Tuesday. Arrow Electronics, Inc. has a 1-year low of $86.50 and a 1-year high of $137.80. 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 stock has a market cap of $6.14 billion, a PE ratio of 13.48, a P/E/G ratio of 0.57 and a beta of 1.09. The stock’s fifty day moving average is $122.93 and its two-hundred day moving average is $121.49.
Insider Activity at Arrow Electronics
In other news, CEO Sean J. Kerins bought 8,630 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were acquired at an average price of $114.91 per share, for a total transaction of $991,673.30. Following the completion of the transaction, the chief executive officer owned 122,408 shares of the company’s stock, valued at approximately $14,065,903.28. This trade represents a 7.58% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.80% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on ARW. Weiss Ratings reiterated a “hold (c)” rating on shares of Arrow Electronics in a research note on Wednesday, October 8th. Wall Street Zen upgraded Arrow Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Finally, Zacks Research upgraded Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $115.75.
Read Our Latest Research Report on Arrow Electronics
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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