Lind Value II ApS lowered its holdings in shares of  Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 42.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 304,925 shares of the technology company’s stock after selling 227,645 shares during the period. Arrow Electronics makes up  about  17.1% of Lind Value II ApS’s holdings, making the stock its 3rd biggest position. Lind Value II ApS owned 0.59% of Arrow Electronics worth $38,857,000 as of its most recent SEC filing. 
Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted 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 worth $28,000 after buying an additional 101 shares in the last quarter. Operose Advisors LLC bought a new position in shares of Arrow Electronics during the 1st quarter worth approximately $31,000. Hantz Financial Services Inc. lifted its position in shares of Arrow Electronics by 1,547.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 280 shares of the technology company’s stock valued at $36,000 after acquiring an additional 263 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Arrow Electronics by 68.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 353 shares of the technology company’s stock valued at $37,000 after acquiring an additional 143 shares during the period. Finally, Quarry LP lifted its position in shares of Arrow Electronics by 321.7% during the 1st quarter. Quarry LP now owns 388 shares of the technology company’s stock valued at $40,000 after acquiring an additional 296 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.
Arrow Electronics Price Performance
Shares of NYSE ARW opened at $111.36 on Friday. Arrow Electronics, Inc. has a fifty-two week low of $86.50 and a fifty-two week high of $134.74. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 0.55 and a beta of 1.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.39. The firm’s 50-day simple moving average is $122.03 and its 200 day simple moving average is $121.94.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Arrow Electronics in a research note on Wednesday, October 8th. Zacks Research upgraded Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Wells Fargo & Company cut their price target on Arrow Electronics from $98.00 to $94.00 and set an “underweight” rating on the stock in a report on Friday. Finally, Wall Street Zen lowered Arrow Electronics from a “buy” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $102.00.
Check Out Our Latest Analysis on Arrow Electronics
Arrow Electronics 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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