Sendero Wealth Management LLC boosted its stake in shares of Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 13.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,048 shares of the technology company’s stock after buying an additional 1,205 shares during the period. Sendero Wealth Management LLC’s holdings in Arrow Electronics were worth $1,280,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its holdings in shares of Arrow Electronics by 84.2% during the second quarter. Farther Finance Advisors LLC now owns 221 shares of the technology company’s stock worth $28,000 after acquiring an additional 101 shares during the period. Operose Advisors LLC acquired a new stake in shares of Arrow Electronics in the 1st quarter valued at about $31,000. Geneos Wealth Management Inc. raised its stake 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 purchasing an additional 143 shares during the period. Golden State Wealth Management LLC lifted its holdings 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 purchasing an additional 200 shares in the last quarter. Finally, Quarry LP boosted its position in shares of Arrow Electronics by 321.7% during the first quarter. Quarry LP now owns 388 shares of the technology company’s stock worth $40,000 after buying an additional 296 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.
Arrow Electronics Trading Down 0.6%
Shares of Arrow Electronics stock opened at $121.71 on Monday. The stock has a market cap of $6.27 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.58 and a beta of 1.09. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.37. Arrow Electronics, Inc. has a 12-month low of $86.50 and a 12-month high of $137.80. The business’s 50 day moving average is $123.80 and its 200-day moving average is $119.41.
Insider Transactions at Arrow Electronics
In other Arrow Electronics news, CEO Sean J. Kerins purchased 8,630 shares of Arrow Electronics stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of $114.91 per share, for a total transaction of $991,673.30. Following the completion of the acquisition, 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.80% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Bank of America lifted their target price on Arrow Electronics from $105.00 to $110.00 and gave the company an “underperform” rating in a research report on Monday, June 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Arrow Electronics in a report on Saturday, September 27th. Finally, Wall Street Zen upgraded shares of Arrow Electronics from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $115.75.
About Arrow Electronics
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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