Perigon Wealth Management LLC acquired a new stake in Arrow Electronics, Inc. (NYSE:ARW – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,559 shares of the technology company’s stock, valued at approximately $1,157,000.
Several other institutional investors have also modified their holdings of the company. Blue Trust Inc. increased its holdings in Arrow Electronics by 5.3% in the third quarter. Blue Trust Inc. now owns 4,459 shares of the technology company’s stock valued at $540,000 after buying an additional 226 shares during the last quarter. CWM LLC boosted its position in shares of Arrow Electronics by 87.9% during the 3rd quarter. CWM LLC now owns 79,088 shares of the technology company’s stock worth $9,570,000 after acquiring an additional 36,991 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Arrow Electronics by 17.1% during the 3rd quarter. Inspire Investing LLC now owns 4,529 shares of the technology company’s stock worth $548,000 after acquiring an additional 661 shares in the last quarter. Lind Value II ApS increased its holdings in shares of Arrow Electronics by 12.5% in the 3rd quarter. Lind Value II ApS now owns 342,942 shares of the technology company’s stock valued at $41,496,000 after acquiring an additional 38,017 shares during the last quarter. Finally, Parcion Private Wealth LLC acquired a new stake in shares of Arrow Electronics during the 3rd quarter worth about $211,000. 99.34% of the stock is owned by hedge funds and other institutional investors.
Arrow Electronics Price Performance
Shares of NYSE ARW opened at $113.06 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.48. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $134.74. The stock has a 50 day moving average of $111.70 and a two-hundred day moving average of $120.25. The stock has a market cap of $5.82 billion, a P/E ratio of 12.49, a P/E/G ratio of 1.03 and a beta of 1.04.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Zacks Research downgraded Arrow Electronics from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Wells Fargo & Company cut their price objective on shares of Arrow Electronics from $98.00 to $94.00 and set an “underweight” rating on the stock in a report on Friday, October 31st. Wall Street Zen cut shares of Arrow Electronics from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Arrow Electronics in a research report on Wednesday, October 8th. Two 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 stock presently has an average rating of “Reduce” and an average price target of $102.00.
View Our Latest Report on Arrow Electronics
About Arrow Electronics
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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