Nuveen LLC bought a new position in Arrow Electronics, Inc. (NYSE:ARW – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 112,051 shares of the technology company’s stock, valued at approximately $11,634,000.
Other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in Arrow Electronics by 33.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,864 shares of the technology company’s stock worth $1,232,000 after buying an additional 2,982 shares during the period. Golden State Wealth Management LLC grew its stake in shares of Arrow Electronics by 111.7% in the first quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company’s stock worth $39,000 after purchasing an additional 200 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Arrow Electronics in the first quarter worth $356,000. GAMMA Investing LLC grew its stake in shares of Arrow Electronics by 201.3% in the first quarter. GAMMA Investing LLC now owns 2,597 shares of the technology company’s stock worth $270,000 after purchasing an additional 1,735 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Arrow Electronics by 7.8% in the first quarter. LPL Financial LLC now owns 34,386 shares of the technology company’s stock worth $3,570,000 after purchasing an additional 2,475 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.
Arrow Electronics Trading Up 4.6%
Shares of ARW stock opened at $129.9480 on Friday. The stock has a 50-day simple moving average of $126.56 and a 200 day simple moving average of $115.86. Arrow Electronics, Inc. has a fifty-two week low of $86.50 and a fifty-two week high of $137.80. The stock has a market capitalization of $6.69 billion, a P/E ratio of 14.70, a P/E/G ratio of 0.59 and a beta of 1.10. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.37.
Insider Activity
In other news, CEO Sean J. Kerins bought 8,630 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of $114.91 per share, with a total value of $991,673.30. Following the completion of the purchase, the chief executive officer directly owned 122,408 shares of the company’s stock, valued at $14,065,903.28. This represents a 7.58% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the firm’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $124.64, for a total value of $331,542.40. Following the transaction, the senior vice president directly owned 17,057 shares of the company’s stock, valued at $2,125,984.48. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
Analyst Ratings Changes
ARW has been the subject of several recent analyst reports. Wall Street Zen raised Arrow Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Bank of America increased their price target on Arrow Electronics from $105.00 to $110.00 and gave the stock an “underperform” rating in a research note on Monday, June 9th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Arrow Electronics currently has a consensus rating of “Reduce” and a consensus price target of $115.75.
Get Our Latest Analysis on Arrow Electronics
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.
See Also
- Five stocks we like better than Arrow Electronics
- Stock Splits, Do They Really Impact Investors?
- Royal Caribbean Earnings Beat Fuels Strong 2025 Outlook
- The Risks of Owning Bonds
- Alphabet’s Breakout Potential: From Laggard to AI Leader
- Transportation Stocks Investing
- TJX Stock Price Hits Fresh High, Signals More Highs to Follow
Want to see what other hedge funds are holding ARW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arrow Electronics, Inc. (NYSE:ARW – Free Report).
Receive News & Ratings for Arrow Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Electronics and related companies with MarketBeat.com's FREE daily email newsletter.