Teacher Retirement System of Texas Acquires Shares of 26,255 Arrow Electronics, Inc. (ARW)

Teacher Retirement System of Texas acquired a new position in shares of Arrow Electronics, Inc. (NYSE:ARW) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 26,255 shares of the technology company’s stock, valued at approximately $2,111,000.

A number of other large investors have also recently made changes to their positions in ARW. Thrivent Financial For Lutherans grew its position in shares of Arrow Electronics by 2,948.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 513,673 shares of the technology company’s stock worth $40,283,000 after buying an additional 496,823 shares during the period. LSV Asset Management grew its position in shares of Arrow Electronics by 13.1% during the 2nd quarter. LSV Asset Management now owns 2,142,395 shares of the technology company’s stock worth $168,006,000 after buying an additional 248,373 shares during the period. Prudential Financial Inc. grew its position in shares of Arrow Electronics by 57.9% during the 2nd quarter. Prudential Financial Inc. now owns 465,233 shares of the technology company’s stock worth $36,483,000 after buying an additional 170,570 shares during the period. Vanguard Group Inc. grew its position in shares of Arrow Electronics by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 7,643,715 shares of the technology company’s stock worth $599,421,000 after buying an additional 164,059 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Arrow Electronics by 11.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,373,934 shares of the technology company’s stock worth $107,744,000 after buying an additional 144,908 shares during the period. 91.78% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on ARW. Zacks Investment Research lowered Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Stifel Nicolaus restated a “buy” rating and set a $86.00 target price on shares of Arrow Electronics in a research report on Tuesday, September 12th. Deutsche Bank restated a “hold” rating and set a $81.00 target price (up from $76.00) on shares of Arrow Electronics in a research report on Wednesday, August 9th. Finally, BidaskClub lowered Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Arrow Electronics presently has an average rating of “Hold” and a consensus target price of $83.25.

Shares of Arrow Electronics, Inc. (NYSE ARW) traded down $0.70 on Wednesday, hitting $77.04. The company had a trading volume of 417,069 shares, compared to its average volume of 494,938. The firm has a market cap of $6,836.38, a price-to-earnings ratio of 11.01, a PEG ratio of 0.93 and a beta of 1.18. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.58 and a quick ratio of 1.13. Arrow Electronics, Inc. has a 1-year low of $68.55 and a 1-year high of $84.53.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.82. Arrow Electronics had a return on equity of 13.63% and a net margin of 2.00%. The company had revenue of $6.95 billion for the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter in the prior year, the business posted $1.56 EPS. The business’s revenue was up 17.1% compared to the same quarter last year. research analysts anticipate that Arrow Electronics, Inc. will post 7.35 EPS for the current fiscal year.

In other news, Director Gail Hamilton sold 4,800 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $78.33, for a total transaction of $375,984.00. Following the sale, the director now directly owns 91 shares of the company’s stock, valued at approximately $7,128.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Sean J. Kerins sold 3,816 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $78.87, for a total value of $300,967.92. Following the sale, the insider now directly owns 25,552 shares in the company, valued at $2,015,286.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,032 shares of company stock worth $788,816. 1.20% of the stock is currently owned by insiders.

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About Arrow Electronics

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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