Cwm LLC boosted its position in shares of Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 87.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 79,088 shares of the technology company’s stock after purchasing an additional 36,991 shares during the period. Cwm LLC’s holdings in Arrow Electronics were worth $9,570,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. raised its position in Arrow Electronics by 2.4% during the first quarter. Raymond James Financial Inc. now owns 46,510 shares of the technology company’s stock valued at $4,829,000 after buying an additional 1,095 shares during the period. Jump Financial LLC acquired a new position in shares of Arrow Electronics in the 1st quarter valued at about $239,000. Ieq Capital LLC increased its holdings in shares of Arrow Electronics by 100.0% in the 1st quarter. Ieq Capital LLC now owns 17,445 shares of the technology company’s stock valued at $1,811,000 after purchasing an additional 8,722 shares during the period. Trexquant Investment LP boosted its holdings in shares of Arrow Electronics by 507.6% during the first quarter. Trexquant Investment LP now owns 35,214 shares of the technology company’s stock worth $3,656,000 after purchasing an additional 29,418 shares during the period. Finally, Twin Tree Management LP acquired a new stake in shares of Arrow Electronics during the first quarter worth approximately $92,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.
Arrow Electronics Stock Down 0.3%
ARW stock opened at $113.09 on Tuesday. The firm has a market cap of $5.83 billion, a PE ratio of 12.50, a PEG ratio of 1.04 and a beta of 1.04. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $134.74. The company has a fifty day simple moving average of $111.95 and a 200 day simple moving average of $120.31. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.48.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Zacks Research downgraded shares of Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Arrow Electronics in a report on Wednesday, October 8th. Wells Fargo & Company reduced their price objective on Arrow Electronics from $98.00 to $94.00 and set an “underweight” rating for the company in a research report on Friday, October 31st. Finally, Wall Street Zen lowered Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $102.00.
Arrow Electronics Profile
Arrow Electronics (NYSE: ARW) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company offers a broad portfolio of semiconductors, passives, connectors, electromechanical devices and embedded solutions, serving customers across diverse end markets including automotive, communications, computing, aerospace, defense and healthcare. Through its extensive supplier relationships, Arrow enables design engineers to identify and procure components required for the development of new electronic systems and devices.
In addition to component distribution, Arrow delivers value-added services such as design engineering support, supply chain management, global logistics and technical training.
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