Bank of Montreal Can lessened its position in Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 16.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,827 shares of the technology company’s stock after selling 12,652 shares during the quarter. Bank of Montreal Can’s holdings in Arrow Electronics were worth $8,006,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. M&T Bank Corp lifted its position in shares of Arrow Electronics by 16.4% during the first quarter. M&T Bank Corp now owns 4,069 shares of the technology company’s stock worth $423,000 after purchasing an additional 574 shares in the last quarter. Cerity Partners LLC increased its stake in Arrow Electronics by 50.7% during the 1st quarter. Cerity Partners LLC now owns 6,156 shares of the technology company’s stock worth $639,000 after buying an additional 2,070 shares during the period. New York State Common Retirement Fund lifted its holdings in Arrow Electronics by 43.6% during the 1st quarter. New York State Common Retirement Fund now owns 125,211 shares of the technology company’s stock worth $13,001,000 after buying an additional 38,042 shares in the last quarter. CWM LLC boosted its position in Arrow Electronics by 337.3% in the 1st quarter. CWM LLC now owns 7,155 shares of the technology company’s stock valued at $743,000 after buying an additional 5,519 shares during the period. Finally, Edgestream Partners L.P. grew its stake in shares of Arrow Electronics by 99.5% in the first quarter. Edgestream Partners L.P. now owns 115,474 shares of the technology company’s stock worth $11,990,000 after acquiring an additional 57,590 shares in the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.
Arrow Electronics Price Performance
Shares of NYSE ARW opened at $111.68 on Monday. The stock’s 50-day simple moving average is $120.46 and its 200-day simple moving average is $122.37. The firm has a market capitalization of $5.75 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 0.55 and a beta of 1.10. Arrow Electronics, Inc. has a fifty-two week low of $86.50 and a fifty-two week high of $134.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.39.
Wall Street Analyst Weigh In
ARW has been the topic of several analyst reports. Wells Fargo & Company reduced their price objective on Arrow Electronics from $98.00 to $94.00 and set an “underweight” rating on the stock in a research note on Friday, October 31st. Wall Street Zen downgraded Arrow Electronics from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Zacks Research raised Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Arrow Electronics in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $102.00.
View Our Latest Research Report 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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