Natixis Advisors LLC grew its position in shares of Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 8.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 184,466 shares of the technology company’s stock after purchasing an additional 14,665 shares during the period. Natixis Advisors LLC’s holdings in Arrow Electronics were worth $22,320,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Arrow Electronics by 3.5% in the third quarter. Vanguard Group Inc. now owns 6,085,440 shares of the technology company’s stock valued at $736,338,000 after buying an additional 204,024 shares during the last quarter. Boston Partners boosted its position in Arrow Electronics by 12.5% during the second quarter. Boston Partners now owns 2,739,427 shares of the technology company’s stock worth $348,518,000 after acquiring an additional 305,182 shares during the last quarter. ACR Alpine Capital Research LLC boosted its position in Arrow Electronics by 12.1% during the third quarter. ACR Alpine Capital Research LLC now owns 2,416,815 shares of the technology company’s stock worth $292,435,000 after acquiring an additional 260,442 shares during the last quarter. AQR Capital Management LLC grew its stake in Arrow Electronics by 130.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,313,997 shares of the technology company’s stock worth $294,873,000 after acquiring an additional 1,311,972 shares during the period. Finally, Sei Investments Co. raised its holdings in Arrow Electronics by 0.8% in the 2nd quarter. Sei Investments Co. now owns 781,313 shares of the technology company’s stock valued at $99,558,000 after acquiring an additional 6,379 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.
Arrow Electronics Stock Performance
Arrow Electronics stock opened at $142.27 on Thursday. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 0.70 and a beta of 1.01. Arrow Electronics, Inc. has a 12 month low of $86.50 and a 12 month high of $162.61. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 1.09. The stock’s 50-day moving average is $135.49 and its 200-day moving average is $123.30.
Insider Buying and Selling at Arrow Electronics
In other Arrow Electronics news, CEO William F. Austen bought 3,960 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were acquired at an average price of $151.87 per share, with a total value of $601,405.20. Following the purchase, the chief executive officer owned 44,722 shares in the company, valued at approximately $6,791,930.14. The trade was a 9.71% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard John Marano sold 2,500 shares of Arrow Electronics stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $155.32, for a total transaction of $388,300.00. Following the transaction, the insider owned 24,096 shares in the company, valued at $3,742,590.72. The trade was a 9.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 19,199 shares of company stock valued at $3,009,786 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on ARW. Wall Street Zen raised Arrow Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Weiss Ratings raised Arrow Electronics from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Truist Financial upped their target price on Arrow Electronics from $120.00 to $148.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Wells Fargo & Company increased their target price on Arrow Electronics from $94.00 to $115.00 and gave the stock an “underweight” rating in a research report on Friday, February 6th. Finally, Zacks Research raised Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Arrow Electronics has an average rating of “Hold” and an average price target of $124.33.
Check Out Our Latest Analysis on ARW
Arrow Electronics Profile
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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