Oregon Public Employees Retirement Fund Sells 93 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Oregon Public Employees Retirement Fund reduced its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,717 shares of the technology company’s stock after selling 93 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Arrow Electronics were worth $1,212,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Meixler Investment Management Ltd. boosted its holdings in Arrow Electronics by 2.6% in the 4th quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company’s stock valued at $387,000 after purchasing an additional 88 shares during the period. Summit Trail Advisors LLC boosted its holdings in Arrow Electronics by 2.8% in the 3rd quarter. Summit Trail Advisors LLC now owns 3,925 shares of the technology company’s stock valued at $521,000 after purchasing an additional 108 shares during the period. Principal Securities Inc. boosted its holdings in 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 period. Covestor Ltd boosted its holdings in Arrow Electronics by 14.0% in the 3rd quarter. Covestor Ltd now owns 1,064 shares of the technology company’s stock valued at $141,000 after purchasing an additional 131 shares during the period. Finally, IFP Advisors Inc boosted its holdings in Arrow Electronics by 26.5% in the 4th quarter. IFP Advisors Inc now owns 630 shares of the technology company’s stock valued at $71,000 after purchasing an additional 132 shares during the period. 99.34% of the stock is owned by institutional investors.

Arrow Electronics Trading Down 0.4 %

Shares of Arrow Electronics stock opened at $107.87 on Friday. The stock has a market capitalization of $5.63 billion, a P/E ratio of 14.82, a price-to-earnings-growth 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. The company has a 50-day simple moving average of $113.01 and a 200 day simple moving average of $121.84. Arrow Electronics, Inc. has a 12-month low of $105.00 and a 12-month high of $137.80.

Arrow Electronics (NYSE:ARW) last announced its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. Research analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ARW shares. Wells Fargo & Company dropped their price objective 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 research note on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Arrow Electronics currently has an average rating of “Hold” and an average target price of $121.25.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, CAO Yun Sung Cho sold 353 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $112.11, for a total value of $39,574.83. Following the completion of the sale, the chief accounting officer now owns 1,549 shares in the company, valued at approximately $173,658.39. This trade represents a 18.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

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.