15,200 Shares in Arrow Electronics, Inc. (NYSE:ARW) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in shares of Arrow Electronics, Inc. (NYSE:ARW) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,200 shares of the technology company’s stock, valued at approximately $1,858,000.

Several other hedge funds have also modified their holdings of the company. Oak Thistle LLC bought a new position in shares of Arrow Electronics during the 4th quarter valued at approximately $1,012,000. AustralianSuper Pty Ltd lifted its stake in shares of Arrow Electronics by 172.5% during the 4th quarter. AustralianSuper Pty Ltd now owns 92,990 shares of the technology company’s stock worth $11,368,000 after purchasing an additional 58,866 shares during the last quarter. South Dakota Investment Council lifted its stake in shares of Arrow Electronics by 3.3% during the 3rd quarter. South Dakota Investment Council now owns 74,556 shares of the technology company’s stock worth $9,337,000 after purchasing an additional 2,372 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Arrow Electronics by 79.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 20,443 shares of the technology company’s stock worth $2,560,000 after acquiring an additional 9,056 shares in the last quarter. Finally, Greenhaven Associates Inc. boosted its holdings in Arrow Electronics by 3.9% in the fourth quarter. Greenhaven Associates Inc. now owns 1,826,528 shares of the technology company’s stock worth $223,293,000 after acquiring an additional 69,400 shares in the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Truist Financial reduced their price objective on Arrow Electronics from $128.00 to $124.00 and set a “hold” rating for the company in a research note on Friday, February 9th.

Insider Activity at Arrow Electronics

In related news, CAO Yun Sung Cho sold 739 shares of Arrow Electronics stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $117.22, for a total transaction of $86,625.58. Following the completion of the transaction, the chief accounting officer now directly owns 1,389 shares in the company, valued at $162,818.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Yun Sung Cho sold 739 shares of Arrow Electronics stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $117.22, for a total transaction of $86,625.58. Following the completion of the transaction, the chief accounting officer now directly owns 1,389 shares in the company, valued at $162,818.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard John Marano sold 1,900 shares of Arrow Electronics stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $116.46, for a total value of $221,274.00. Following the transaction, the insider now owns 12,108 shares of the company’s stock, valued at $1,410,097.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,134 shares of company stock worth $488,795. 1.00% of the stock is owned by corporate insiders.

Arrow Electronics Trading Up 0.1 %

Shares of NYSE:ARW opened at $122.04 on Friday. Arrow Electronics, Inc. has a 52-week low of $108.51 and a 52-week high of $147.42. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of 7.73 and a beta of 1.41. The company has a quick ratio of 1.00, a current ratio of 1.39 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $121.06 and a 200-day moving average price of $119.10.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $3.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.72 by $0.26. Arrow Electronics had a return on equity of 17.22% and a net margin of 2.73%. The firm had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.84 billion. During the same period last year, the business posted $5.69 earnings per share. The company’s revenue for the quarter was down 15.8% compared to the same quarter last year. Equities analysts predict that Arrow Electronics, Inc. will post 11.53 EPS for the current year.

Arrow Electronics 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.