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

California Public Employees Retirement System lessened its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 2.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 287,145 shares of the technology company's stock after selling 6,470 shares during the quarter. California Public Employees Retirement System owned about 0.55% of Arrow Electronics worth $32,482,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its position in shares of Arrow Electronics by 1,072.6% during the third quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company's stock worth $5,564,000 after acquiring an additional 37,746 shares during the last quarter. Lind Value II ApS boosted its stake in Arrow Electronics by 36.3% during the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company's stock worth $73,374,000 after purchasing an additional 172,669 shares during the period. JPMorgan Chase & Co. grew its position in Arrow Electronics by 115.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company's stock worth $41,948,000 after purchasing an additional 168,904 shares during the last quarter. Janus Henderson Group PLC increased its stake in Arrow Electronics by 14.2% in the third quarter. Janus Henderson Group PLC now owns 243,750 shares of the technology company's stock valued at $32,377,000 after purchasing an additional 30,380 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Arrow Electronics by 24.0% in the fourth quarter. GAMMA Investing LLC now owns 862 shares of the technology company's stock valued at $98,000 after buying an additional 167 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

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Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, CAO Yun Sung Cho sold 353 shares of the company'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. This represents a 18.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William F. Austen purchased 1,900 shares of Arrow Electronics stock in a transaction dated Wednesday, March 12th. The shares were 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 owns 7,858 shares in the company, valued at approximately $818,174.96. This trade represents a 31.89 % increase in their position. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Arrow Electronics Stock Performance

NYSE ARW traded down $2.23 during trading hours on Monday, hitting $90.12. 884,296 shares of the stock were exchanged, compared to its average volume of 457,075. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. Arrow Electronics, Inc. has a 12-month low of $86.50 and a 12-month high of $137.80. The stock has a 50-day moving average of $107.56 and a 200 day moving average of $117.05.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its earnings results 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%. As a group, equities research analysts forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

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 the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.