Bayforest Capital Ltd grew its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 653.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,650 shares of the technology company’s stock after purchasing an additional 5,767 shares during the period. Bayforest Capital Ltd’s holdings in Arrow Electronics were worth $847,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in Arrow Electronics by 84.2% during the second quarter. Farther Finance Advisors LLC now owns 221 shares of the technology company’s stock worth $28,000 after acquiring an additional 101 shares during the period. Operose Advisors LLC acquired a new position in shares of Arrow Electronics in the 1st quarter valued at $31,000. Geneos Wealth Management Inc. boosted its position in shares of Arrow Electronics by 68.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 353 shares of the technology company’s stock valued at $37,000 after purchasing an additional 143 shares during the period. Golden State Wealth Management LLC boosted its position in shares of Arrow Electronics by 111.7% in the 1st quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company’s stock valued at $39,000 after purchasing an additional 200 shares during the period. Finally, Quarry LP boosted its position in shares of Arrow Electronics by 321.7% in the 1st quarter. Quarry LP now owns 388 shares of the technology company’s stock valued at $40,000 after purchasing an additional 296 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.
Arrow Electronics Stock Up 0.2%
Shares of Arrow Electronics stock opened at $113.70 on Tuesday. The stock has a 50-day simple moving average of $123.26 and a 200-day simple moving average of $119.92. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.39 and a quick ratio of 1.07. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week high of $137.80. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 0.54 and a beta of 1.09.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on ARW. Wall Street Zen upgraded Arrow Electronics from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Weiss Ratings restated a “hold (c)” rating on shares of Arrow Electronics in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $115.75.
View Our Latest Stock Report on ARW
Insider Buying and Selling at Arrow Electronics
In other Arrow Electronics news, CEO Sean J. Kerins purchased 8,630 shares of the company’s stock in a transaction on Friday, August 1st. The shares were bought at an average cost of $114.91 per share, with a total value of $991,673.30. Following the transaction, the chief executive officer directly owned 122,408 shares in the company, valued at approximately $14,065,903.28. This represents a 7.58% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.80% of the company’s stock.
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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