Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by Public Employees Retirement Association of Colorado

Posted by Defense World Staff on Jun 11th, 2023

Public Employees Retirement Association of Colorado trimmed its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW – Get Rating) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,592 shares of the technology company’s stock after selling 490 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Arrow Electronics were worth $794,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Natixis increased its holdings in shares of Arrow Electronics by 37.4% in the 4th quarter. Natixis now owns 37,100 shares of the technology company’s stock worth $3,880,000 after acquiring an additional 10,100 shares during the period. Seeyond increased its holdings in shares of Arrow Electronics by 571.5% in the 4th quarter. Seeyond now owns 34,896 shares of the technology company’s stock worth $3,649,000 after acquiring an additional 29,699 shares during the period. Barclays PLC increased its holdings in shares of Arrow Electronics by 30.6% in the 4th quarter. Barclays PLC now owns 154,918 shares of the technology company’s stock worth $16,197,000 after acquiring an additional 36,304 shares during the period. ExodusPoint Capital Management LP increased its holdings in shares of Arrow Electronics by 225.9% in the 4th quarter. ExodusPoint Capital Management LP now owns 14,521 shares of the technology company’s stock worth $1,518,000 after acquiring an additional 10,065 shares during the period. Finally, Neuberger Berman Group LLC increased its holdings in shares of Arrow Electronics by 13.0% in the 4th quarter. Neuberger Berman Group LLC now owns 3,396 shares of the technology company’s stock worth $355,000 after acquiring an additional 391 shares during the period. Institutional investors and hedge funds own 95.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ARW. StockNews.com upgraded shares of Arrow Electronics from a “hold” rating to a “buy” rating in a research report on Saturday, May 13th. Bank of America decreased their target price on shares of Arrow Electronics from $140.00 to $135.00 in a research report on Monday, May 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $126.71.

Arrow Electronics Price Performance

ARW stock opened at $134.16 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.66. Arrow Electronics, Inc. has a one year low of $89.38 and a one year high of $135.41. The firm has a market capitalization of $7.58 billion, a PE ratio of 6.37, a P/E/G ratio of 2.08 and a beta of 1.40. The firm has a 50-day moving average of $120.62 and a two-hundred day moving average of $116.77.

Arrow Electronics (NYSE:ARW – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The technology company reported $4.60 EPS for the quarter, beating analysts’ consensus estimates of $4.47 by $0.13. Arrow Electronics had a net margin of 3.63% and a return on equity of 24.92%. The company had revenue of $8.74 billion during the quarter, compared to analyst estimates of $8.61 billion. During the same period in the prior year, the firm earned $5.43 earnings per share. The business’s quarterly revenue was down 3.7% on a year-over-year basis. On average, analysts forecast that Arrow Electronics, Inc. will post 16.13 earnings per share for the current year.

Insider Transactions at Arrow Electronics

In other news, Chairman Michael J. Long sold 17,720 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $118.00, for a total value of $2,090,960.00. Following the completion of the sale, the chairman now directly owns 185,472 shares of the company’s stock, valued at $21,885,696. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Michael J. Long sold 17,720 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $118.00, for a total value of $2,090,960.00. Following the completion of the sale, the chairman now directly owns 185,472 shares of the company’s stock, valued at $21,885,696. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Michael J. Long sold 5,096 shares of the stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $118.36, for a total transaction of $603,162.56. Following the completion of the sale, the chairman now directly owns 203,192 shares of the company’s stock, valued at $24,049,805.12. The disclosure for this sale can be found here. Insiders sold 30,946 shares of company stock valued at $3,707,646 over the last three months. 1.00% of the stock is owned by corporate insiders.

Arrow Electronics Company Profile

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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.