Sendero Wealth Management LLC raised its holdings in Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 18.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,107 shares of the technology company’s stock after purchasing an additional 804 shares during the quarter. Sendero Wealth Management LLC’s holdings in Arrow Electronics were worth $678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. Rise Advisors LLC purchased a new stake in Arrow Electronics in the 1st quarter worth about $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 worth $40,000 after acquiring an additional 294 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Arrow Electronics by 76.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 346 shares of the technology company’s stock worth $45,000 after purchasing an additional 150 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Arrow Electronics in the 1st quarter worth approximately $81,000. Finally, GAMMA Investing LLC increased its holdings in shares of Arrow Electronics by 24.6% in the 3rd quarter. GAMMA Investing LLC now owns 695 shares of the technology company’s stock worth $92,000 after buying an additional 137 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.
Arrow Electronics Trading Down 0.4 %
Shares of NYSE ARW traded down $0.52 during midday trading on Thursday, reaching $133.08. The company had a trading volume of 163,712 shares, compared to its average volume of 472,008. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. Arrow Electronics, Inc. has a one year low of $108.51 and a one year high of $136.93. The firm’s fifty day moving average price is $129.76 and its 200-day moving average price is $127.53. The stock has a market cap of $7.08 billion, a PE ratio of 10.50 and a beta of 1.26.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on ARW shares. Raymond James raised their price target on Arrow Electronics from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Truist Financial boosted their target price on Arrow Electronics from $124.00 to $141.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company increased their price target on shares of Arrow Electronics from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $130.75.
View Our Latest Research Report on ARW
Arrow Electronics Company 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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