Crossmark Global Holdings Inc. reduced its holdings in Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 11.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,367 shares of the technology company’s stock after selling 442 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Arrow Electronics were worth $381,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of ARW. True Wealth Design LLC purchased a new stake in Arrow Electronics during the third quarter worth approximately $31,000. Brooklyn Investment Group bought a new position in Arrow Electronics during the third quarter worth $40,000. Capital Performance Advisors LLP bought a new stake in shares of Arrow Electronics during the 3rd quarter valued at about $73,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Arrow Electronics during the 3rd quarter worth approximately $78,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Arrow Electronics during the third quarter valued at $88,000. Institutional investors and hedge funds own 99.34% of the company’s stock.
Arrow Electronics Stock Down 0.1 %
ARW stock opened at $119.20 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.09. The company has a 50-day moving average of $116.79 and a two-hundred day moving average of $124.04. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 13.30 and a beta of 1.26. Arrow Electronics, Inc. has a 52-week low of $108.51 and a 52-week high of $137.80.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on ARW shares. Raymond James reduced their price target on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company decreased their price objective on shares of Arrow Electronics from $105.00 to $100.00 and set an “underweight” rating for the company in a research note on Monday, January 13th. Finally, Truist Financial cut their target price on shares of Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, November 1st.
View Our Latest Stock 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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