AlphaQuest LLC Takes $631,000 Position in Arrow Electronics, Inc. $ARW

AlphaQuest LLC acquired a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,214 shares of the technology company’s stock, valued at approximately $631,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of Arrow Electronics during the third quarter worth approximately $26,000. Farther Finance Advisors LLC grew its holdings in shares of Arrow Electronics by 84.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 221 shares of the technology company’s stock valued at $28,000 after purchasing an additional 101 shares during the last quarter. True Wealth Design LLC raised its position in Arrow Electronics by 660.0% in the 2nd quarter. True Wealth Design LLC now owns 266 shares of the technology company’s stock worth $34,000 after purchasing an additional 231 shares during the period. Hantz Financial Services Inc. boosted its position in Arrow Electronics by 1,547.1% during the second quarter. Hantz Financial Services Inc. now owns 280 shares of the technology company’s stock valued at $36,000 after buying an additional 263 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in Arrow Electronics by 68.1% during the first quarter. Geneos Wealth Management Inc. now owns 353 shares of the technology company’s stock valued at $37,000 after buying an additional 143 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Arrow Electronics Price Performance

Shares of ARW stock opened at $137.98 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.14 and a current ratio of 1.46. Arrow Electronics, Inc. has a fifty-two week low of $86.50 and a fifty-two week high of $139.71. The firm has a market cap of $7.11 billion, a P/E ratio of 15.25, a P/E/G ratio of 1.06 and a beta of 1.04. The business’s 50 day moving average price is $116.02 and its 200-day moving average price is $118.60.

Wall Street Analyst Weigh In

ARW has been the subject of a number of recent research reports. Zacks Research lowered Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Wells Fargo & Company lowered their price objective on Arrow Electronics from $98.00 to $94.00 and set an “underweight” rating for the company in a research 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 note on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Arrow Electronics currently has a consensus rating of “Reduce” and a consensus target price of $102.00.

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.