Teacher Retirement System of Texas Raises Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Teacher Retirement System of Texas lifted its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,224 shares of the technology company's stock after purchasing an additional 4,116 shares during the quarter. Teacher Retirement System of Texas owned about 0.13% of Arrow Electronics worth $7,491,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. purchased a new stake in Arrow Electronics during the fourth quarter valued at $25,000. True Wealth Design LLC purchased a new position in Arrow Electronics in the third quarter worth about $31,000. Brooklyn Investment Group purchased a new stake in Arrow Electronics during the third quarter valued at approximately $40,000. Principal Securities Inc. lifted its stake in shares of Arrow Electronics by 35.7% in the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock valued at $54,000 after purchasing an additional 126 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Arrow Electronics by 24.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company's stock valued at $64,000 after purchasing an additional 112 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arrow Electronics

In related news, CAO Yun Sung Cho sold 353 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $112.11, for a total transaction of $39,574.83. Following the transaction, the chief accounting officer now directly owns 1,549 shares in the company, valued at approximately $173,658.39. The trade was a 18.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William F. Austen purchased 1,900 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $104.12 per share, with a total value of $197,828.00. Following the completion of the transaction, the director now directly owns 7,858 shares of the company's stock, valued at approximately $818,174.96. This represents a 31.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

ARW has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, February 7th. Bank of America cut shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $121.25.

Arrow Electronics Price Performance

Shares of ARW stock traded down $1.57 during trading hours on Thursday, hitting $105.37. 412,942 shares of the company's stock were exchanged, compared to its average volume of 433,585. The firm has a 50 day moving average of $110.40 and a two-hundred day moving average of $118.64. Arrow Electronics, Inc. has a fifty-two week low of $101.78 and a fifty-two week high of $137.80. The firm has a market cap of $5.50 billion, a P/E ratio of 14.47, a P/E/G ratio of 0.52 and a beta of 1.26. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. Sell-side analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current 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.