Arrow Electronics, Inc. (ARW) Holdings Reduced by California State Teachers Retirement System

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.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.82 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.82. The business had revenue of $6.95 billion for the quarter, compared to analyst estimates of $6.58 billion. Arrow Electronics had a return on equity of 13.63% and a net margin of 2.00%. Arrow Electronics’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.56 EPS. equities analysts forecast that Arrow Electronics, Inc. will post 7.35 earnings per share for the current year.

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.

ILLEGAL ACTIVITY WARNING: “Arrow Electronics, Inc. (ARW) Holdings Reduced by California State Teachers Retirement System” was reported by Community Financial News and is the property of of Community Financial News. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.com-unik.info/2017/12/24/arrow-electronics-inc-arw-holdings-reduced-by-california-state-teachers-retirement-system.html.

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.

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

What are top analysts saying about Arrow Electronics? - 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 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