Louisiana State Employees Retirement System Has $1.84 Million Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)


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Louisiana State Employees Retirement System cut its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,900 shares of the technology company’s stock after selling 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Arrow Electronics were worth $1,839,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC acquired a new stake in shares of Arrow Electronics during the 2nd quarter worth approximately $221,000. Advisor Group Holdings Inc. boosted its position in shares of Arrow Electronics by 3.7% during the 2nd quarter. Advisor Group Holdings Inc. now owns 4,818 shares of the technology company’s stock worth $331,000 after acquiring an additional 172 shares in the last quarter. Balyasny Asset Management LLC acquired a new stake in shares of Arrow Electronics during the 2nd quarter worth approximately $299,000. Stifel Financial Corp acquired a new stake in shares of Arrow Electronics during the 2nd quarter worth approximately $448,000. Finally, Bank of America Corp DE boosted its position in shares of Arrow Electronics by 10.6% during the 2nd quarter. Bank of America Corp DE now owns 471,618 shares of the technology company’s stock worth $32,394,000 after acquiring an additional 45,216 shares in the last quarter. 94.54% of the stock is currently owned by institutional investors.

ARW stock opened at $103.69 on Thursday. Arrow Electronics, Inc. has a 52-week low of $39.25 and a 52-week high of $106.48. The company has a fifty day moving average price of $97.43 and a 200-day moving average price of $82.33. The company has a market capitalization of $7.83 billion, a P/E ratio of 17.94, a PEG ratio of 1.18 and a beta of 1.55. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.06 and a current ratio of 1.47.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Tuesday, November 3rd. The technology company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.42. Arrow Electronics had a net margin of 1.67% and a return on equity of 11.49%. The business had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $6.73 billion. During the same period in the previous year, the company earned $1.86 earnings per share. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Arrow Electronics, Inc. will post 7.26 earnings per share for the current fiscal year.

ARW has been the topic of several analyst reports. The Goldman Sachs Group increased their price target on shares of Arrow Electronics from $81.00 to $96.00 and gave the stock a “neutral” rating in a research report on Monday, December 14th. ValuEngine lowered shares of Arrow Electronics from a “hold” rating to a “sell” rating in a research report on Monday, November 2nd. Finally, Smith Barney Citigroup raised their target price on shares of Arrow Electronics from $75.00 to $85.00 in a research report on Friday, October 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $75.44.

In other Arrow Electronics news, Director Gail Hamilton sold 2,400 shares of the business’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $83.86, for a total value of $201,264.00. Following the transaction, the director now directly owns 107 shares in the company, valued at $8,973.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Hill sold 11,300 shares of the business’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $86.10, for a total transaction of $972,930.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,074 shares of company stock worth $2,300,433. 1.60% of the stock is owned by corporate insiders.

Arrow Electronics Company Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.

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

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