Arizona State Retirement System cut its stake in Arrow Electronics, Inc. (NYSE:ARW – Get Rating) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,165 shares of the technology company’s stock after selling 238 shares during the period. Arizona State Retirement System’s holdings in Arrow Electronics were worth $1,900,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Cooke & Bieler LP raised its holdings in shares of Arrow Electronics by 7.6% in the fourth quarter. Cooke & Bieler LP now owns 3,506,480 shares of the technology company’s stock valued at $366,673,000 after purchasing an additional 246,657 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Arrow Electronics by 4.4% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 65,083 shares of the technology company’s stock valued at $6,806,000 after buying an additional 2,720 shares during the last quarter. Toronto Dominion Bank lifted its position in Arrow Electronics by 29.8% during the 4th quarter. Toronto Dominion Bank now owns 18,755 shares of the technology company’s stock worth $1,960,000 after buying an additional 4,307 shares in the last quarter. Duality Advisers LP boosted its stake in shares of Arrow Electronics by 162.6% during the 4th quarter. Duality Advisers LP now owns 28,444 shares of the technology company’s stock worth $2,974,000 after buying an additional 17,614 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Arrow Electronics by 4.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,823 shares of the technology company’s stock valued at $504,000 after acquiring an additional 185 shares in the last quarter. Institutional investors own 95.49% of the company’s stock.
Insider Transactions at Arrow Electronics
In related news, insider Kristin Diana Russell sold 10,306 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $117.70, for a total value of $1,213,016.20. Following the completion of the sale, the insider now directly owns 14,535 shares in the company, valued at $1,710,769.50. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Kristin Diana Russell sold 10,306 shares of the business’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $117.70, for a total value of $1,213,016.20. Following the completion of the transaction, the insider now owns 14,535 shares of the company’s stock, valued at $1,710,769.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Michael J. Long sold 3,712 shares of the stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $120.29, for a total transaction of $446,516.48. Following the sale, the chairman now owns 209,172 shares in the company, valued at $25,161,299.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,010 shares of company stock valued at $4,612,191. 1.10% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Arrow Electronics Stock Performance
ARW opened at $118.83 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.62 and a quick ratio of 1.09. The business has a fifty day simple moving average of $117.41 and a 200 day simple moving average of $113.57. Arrow Electronics, Inc. has a 1 year low of $89.38 and a 1 year high of $134.56. The company has a market capitalization of $6.71 billion, a PE ratio of 5.64, a price-to-earnings-growth ratio of 1.90 and a beta of 1.40.
Arrow Electronics (NYSE:ARW – Get Rating) last released its quarterly earnings results on Thursday, May 4th. The technology company reported $4.60 EPS for the quarter, beating the consensus estimate of $4.47 by $0.13. Arrow Electronics had a net margin of 3.63% and a return on equity of 24.92%. The business had revenue of $8.74 billion for the quarter, compared to the consensus estimate of $8.61 billion. During the same period in the prior year, the company posted $5.43 earnings per share. Arrow Electronics’s revenue was down 3.7% compared to the same quarter last year. Research analysts expect that Arrow Electronics, Inc. will post 15.8 EPS for the current year.
About Arrow Electronics
Arrow Electronics, Inc engages in the provision of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. It operates under the Global Components Business and Global Enterprise Computing Solutions (Global ECS) segments. The Global Components segment focuses on marketing and distribution of electronic components enabled by a comprehensive range of value-added capabilities and services.
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