Public Employees Retirement Association of Colorado Sells 920 Shares of Arrow Electronics, Inc. (ARW)

Public Employees Retirement Association of Colorado cut its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 157,109 shares of the technology company’s stock after selling 920 shares during the period. Public Employees Retirement Association of Colorado owned about 0.18% of Arrow Electronics worth $12,633,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Arrow Electronics by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 7,643,715 shares of the technology company’s stock worth $599,421,000 after buying an additional 164,059 shares during the period. Boston Partners boosted its position in Arrow Electronics by 0.3% during the 2nd quarter. Boston Partners now owns 5,879,972 shares of the technology company’s stock worth $461,107,000 after buying an additional 15,047 shares during the period. Dimensional Fund Advisors LP boosted its position in Arrow Electronics by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,423,521 shares of the technology company’s stock worth $268,476,000 after buying an additional 18,653 shares during the period. Longview Partners Guernsey LTD boosted its position in Arrow Electronics by 5.1% during the 3rd quarter. Longview Partners Guernsey LTD now owns 2,936,104 shares of the technology company’s stock worth $236,092,000 after buying an additional 143,540 shares during the period. Finally, LSV Asset Management boosted its position in Arrow Electronics by 13.1% during the 2nd quarter. LSV Asset Management now owns 2,142,395 shares of the technology company’s stock worth $168,006,000 after buying an additional 248,373 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.

In related news, insider Sean J. Kerins sold 4,477 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $77.16, for a total transaction of $345,445.32. Following the transaction, the insider now owns 26,213 shares in the company, valued at approximately $2,022,595.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Michael J. Long sold 20,910 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $76.01, for a total transaction of $1,589,369.10. Following the transaction, the chairman now owns 346,486 shares in the company, valued at approximately $26,336,400.86. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

A number of brokerages have recently issued reports on ARW. Zacks Investment Research downgraded shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Stifel Nicolaus restated a “buy” rating and issued a $86.00 price target on shares of Arrow Electronics in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $80.60.

Arrow Electronics, Inc. (NYSE:ARW) opened at $78.17 on Friday. The stock has a market cap of $6.90 billion, a P/E ratio of 11.20, a PEG ratio of 1.02 and a beta of 1.20. Arrow Electronics, Inc. has a 1 year low of $58.51 and a 1 year high of $84.53. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.58 and a quick ratio of 1.11.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.82 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.82. The firm had revenue of $6.95 billion for the quarter, compared to the consensus estimate of $6.58 billion. Arrow Electronics had a net margin of 2.00% and a return on equity of 13.63%. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.56 EPS. equities research analysts forecast that Arrow Electronics, Inc. will post 7.31 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Public Employees Retirement Association of Colorado Sells 920 Shares of Arrow Electronics, Inc. (ARW)” was first published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.com-unik.info/2017/11/04/public-employees-retirement-association-of-colorado-sells-920-shares-of-arrow-electronics-inc-arw.html.

Arrow Electronics Company Profile

Arrow Electronics, Inc is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from various electronic components and enterprise computing solutions suppliers.

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).

Institutional Ownership by Quarter for Arrow Electronics (NYSE:ARW)

What are top analysts saying about Arrow Electronics Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Arrow Electronics Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit