Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund cut its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,717 shares of the technology company’s stock after selling 93 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Arrow Electronics were worth $1,212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ARW. True Wealth Design LLC acquired a new stake in shares of Arrow Electronics during the third quarter valued at approximately $31,000. Brooklyn Investment Group acquired a new stake in shares of Arrow Electronics during the third quarter valued at approximately $40,000. Principal Securities Inc. raised its holdings in shares of Arrow Electronics by 35.7% during the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock valued at $54,000 after acquiring an additional 126 shares during the period. IFP Advisors Inc raised its holdings in shares of Arrow Electronics by 26.5% during the fourth quarter. IFP Advisors Inc now owns 630 shares of the technology company’s stock valued at $71,000 after acquiring an additional 132 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Arrow Electronics during the third quarter valued at approximately $73,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Arrow Electronics

In other news, CAO Yun Sung Cho sold 237 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $108.73, for a total transaction of $25,769.01. Following the transaction, the chief accounting officer now owns 2,086 shares in the company, valued at $226,810.78. This represents a 10.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ARW shares. Wells Fargo & Company cut their price target on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Bank of America lowered shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $121.25.

Arrow Electronics Stock Down 0.4 %

Arrow Electronics stock opened at $107.87 on Friday. The firm has a market cap of $5.63 billion, a PE ratio of 14.82, a P/E/G ratio of 0.52 and a beta of 1.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46. The firm’s 50 day moving average price is $113.01 and its two-hundred day moving average price is $121.84. Arrow Electronics, Inc. has a twelve month low of $105.00 and a twelve month high of $137.80.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. On average, research analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

About Arrow Electronics

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