California State Teachers Retirement System reduced its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 159,256 shares of the technology company’s stock after selling 8,971 shares during the period. California State Teachers Retirement System owned approximately 0.18% of Arrow Electronics worth $12,806,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of ARW. Advisory Services Network LLC grew its holdings in shares of Arrow Electronics by 489.5% during the 2nd quarter. Advisory Services Network LLC now owns 1,409 shares of the technology company’s stock worth $110,000 after purchasing an additional 1,170 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Arrow Electronics by 76.1% during the 3rd quarter. Advisor Group Inc. now owns 1,819 shares of the technology company’s stock worth $145,000 after purchasing an additional 786 shares in the last quarter. Paragon Capital Management Ltd acquired a new stake in shares of Arrow Electronics during the 3rd quarter worth approximately $201,000. Timber Hill LLC acquired a new stake in shares of Arrow Electronics during the 2nd quarter worth approximately $234,000. Finally, Trexquant Investment LP acquired a new stake in shares of Arrow Electronics during the 3rd quarter worth approximately $239,000. 92.67% of the stock is currently owned by institutional investors.
Shares of Arrow Electronics, Inc. (ARW) opened at $80.40 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.58 and a quick ratio of 1.13. The company has a market capitalization of $7,093.26, a price-to-earnings ratio of 14.15, a P/E/G ratio of 0.96 and a beta of 1.18. Arrow Electronics, Inc. has a one year low of $68.55 and a one year high of $84.53.
In related news, insider Sean J. Kerins sold 3,816 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $78.87, for a total value of $300,967.92. Following the sale, the insider now owns 25,552 shares of the company’s stock, valued at approximately $2,015,286.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gail Hamilton sold 4,800 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $78.33, for a total value of $375,984.00. Following the completion of the sale, the director now directly owns 91 shares in the company, valued at approximately $7,128.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,032 shares of company stock worth $788,816. 1.20% of the stock is owned by insiders.
ARW has been the topic of several recent research reports. Stifel Nicolaus reissued a “buy” rating and set a $86.00 price objective on shares of Arrow Electronics in a report on Tuesday, September 12th. Zacks Investment Research raised Arrow Electronics from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Monday, September 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $83.25.
Arrow Electronics 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.
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