Texas Permanent School Fund Reduces Stake in Arrow Electronics, Inc. (NYSE:ARW)

Texas Permanent School Fund decreased its stake in Arrow Electronics, Inc. (NYSE:ARW) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,467 shares of the technology company’s stock after selling 4,967 shares during the period. Texas Permanent School Fund owned approximately 0.07% of Arrow Electronics worth $4,782,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ARW. Earnest Partners LLC purchased a new position in Arrow Electronics in the third quarter valued at about $32,587,000. Prudential Financial Inc. boosted its holdings in Arrow Electronics by 76.5% in the third quarter. Prudential Financial Inc. now owns 821,136 shares of the technology company’s stock valued at $66,027,000 after purchasing an additional 355,903 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Arrow Electronics by 2.2% in the second quarter. Vanguard Group Inc. now owns 7,643,715 shares of the technology company’s stock valued at $599,421,000 after purchasing an additional 164,059 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Arrow Electronics by 11.8% in the second quarter. Goldman Sachs Group Inc. now owns 1,373,934 shares of the technology company’s stock valued at $107,744,000 after purchasing an additional 144,908 shares during the last quarter. Finally, Longview Partners Guernsey LTD boosted its holdings in Arrow Electronics by 5.1% in the third quarter. Longview Partners Guernsey LTD now owns 2,936,104 shares of the technology company’s stock valued at $236,092,000 after purchasing an additional 143,540 shares during the last quarter. 93.00% of the stock is owned by institutional investors.

Shares of Arrow Electronics, Inc. (NYSE ARW) opened at $77.94 on Tuesday. Arrow Electronics, Inc. has a one year low of $69.67 and a one year high of $87.26. The stock has a market capitalization of $6,880.00, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17. The company has a current ratio of 1.56, a quick ratio of 1.15 and a debt-to-equity ratio of 0.59.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $2.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.30 by $0.21. Arrow Electronics had a return on equity of 14.12% and a net margin of 1.50%. The firm had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.46 billion. During the same quarter in the prior year, the firm posted $2.00 earnings per share. Arrow Electronics’s revenue for the quarter was up 18.5% compared to the same quarter last year. equities research analysts expect that Arrow Electronics, Inc. will post 8.47 EPS for the current fiscal year.

A number of research analysts recently commented on the company. Raymond James Financial raised Arrow Electronics from a “market perform” rating to a “strong-buy” rating and set a $93.00 price target for the company in a report on Monday. Zacks Investment Research downgraded Arrow Electronics from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $88.00.

In other Arrow Electronics news, SVP Matthew R. Anderson sold 1,416 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $79.00, for a total transaction of $111,864.00. Following the sale, the senior vice president now owns 1,416 shares in the company, valued at $111,864. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sean J. Kerins sold 3,816 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $78.87, for a total value of $300,967.92. Following the sale, the insider now owns 25,552 shares in the company, valued at approximately $2,015,286.24. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

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Arrow Electronics Profile

Arrow Electronics, Inc is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from various electronic components and enterprise computing solutions suppliers.

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

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