Earned Wealth Advisors LLC purchased a new stake in  Arrow Electronics, Inc. (NYSE:ARW – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor  purchased 1,923 shares of the technology company’s stock, valued at approximately $245,000. 
A number of other hedge funds also recently made changes to their positions in the business. Moody Aldrich Partners LLC raised its stake in shares of Arrow Electronics by 35.9% in the 2nd quarter. Moody Aldrich Partners LLC now owns 25,264 shares of the technology company’s stock valued at $3,219,000 after buying an additional 6,673 shares in the last quarter. Simon Quick Advisors LLC raised its stake in shares of Arrow Electronics by 21.5% in the 2nd quarter. Simon Quick Advisors LLC now owns 2,381 shares of the technology company’s stock valued at $303,000 after buying an additional 422 shares in the last quarter. Strs Ohio acquired a new position in shares of Arrow Electronics in the 2nd quarter valued at $2,116,000. Atria Investments Inc raised its stake in shares of Arrow Electronics by 10.1% in the 2nd quarter. Atria Investments Inc now owns 3,220 shares of the technology company’s stock valued at $410,000 after buying an additional 296 shares in the last quarter. Finally, Savvy Advisors Inc. acquired a new position in shares of Arrow Electronics in the 2nd quarter valued at $210,000. Institutional investors and hedge funds own 99.34% of the company’s stock.
Arrow Electronics Trading Down 1.7%
Shares of Arrow Electronics stock opened at $111.36 on Friday. The stock has a market capitalization of $5.74 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 0.55 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. The company has a 50-day simple moving average of $122.03 and a 200 day simple moving average of $121.79. Arrow Electronics, Inc. has a 12-month low of $86.50 and a 12-month high of $134.74.
Wall Street Analysts Forecast Growth
ARW has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Arrow Electronics in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on shares of Arrow Electronics from $98.00 to $94.00 and set an “underweight” rating for the company in a research note on Friday. Zacks Research upgraded shares of Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Finally, Wall Street Zen cut shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Arrow Electronics currently has an average rating of “Hold” and a consensus price target of $102.00.
View Our Latest Stock Analysis on ARW
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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