Custom Index Systems LLC reduced its position in Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 16.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,749 shares of the technology company’s stock after selling 722 shares during the period. Custom Index Systems LLC’s holdings in Arrow Electronics were worth $453,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC purchased a new position in Arrow Electronics in the 1st quarter valued at approximately $32,000. Versant Capital Management Inc increased its stake in Arrow Electronics by 794.6% in the 2nd quarter. Versant Capital Management Inc now owns 331 shares of the technology company’s stock valued at $40,000 after purchasing an additional 294 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Arrow Electronics by 76.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 346 shares of the technology company’s stock valued at $45,000 after purchasing an additional 150 shares in the last quarter. Principal Securities Inc. purchased a new position in Arrow Electronics in the 4th quarter valued at approximately $56,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Arrow Electronics in the 1st quarter valued at approximately $81,000. 99.34% of the stock is owned by hedge funds and other institutional investors.
Arrow Electronics Price Performance
ARW stock opened at $126.47 on Friday. Arrow Electronics, Inc. has a 52-week low of $108.51 and a 52-week high of $136.93. The stock’s fifty day simple moving average is $125.90 and its 200-day simple moving average is $125.80. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 9.94 and a beta of 1.27.
Analyst Ratings Changes
Several equities analysts have weighed in on ARW shares. Truist Financial raised their price target on Arrow Electronics from $124.00 to $141.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Wells Fargo & Company raised their price target on Arrow Electronics from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. The Goldman Sachs Group raised their price target on Arrow Electronics from $116.00 to $132.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Finally, Raymond James raised their price target on Arrow Electronics from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $130.75.
View Our Latest Stock Analysis on ARW
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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