Public Employees Retirement Association of Colorado decreased its position in shares of Arrow Electronics, Inc. (NYSE:ARW – Get Rating) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,921 shares of the technology company’s stock after selling 366 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Arrow Electronics were worth $1,198,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. CWM LLC acquired a new position in shares of Arrow Electronics during the fourth quarter valued at $43,000. HighTower Advisors LLC boosted its holdings in shares of Arrow Electronics by 212.0% during the fourth quarter. HighTower Advisors LLC now owns 17,517 shares of the technology company’s stock valued at $2,347,000 after acquiring an additional 11,902 shares during the period. Empirical Finance LLC lifted its holdings in Arrow Electronics by 68.4% in the third quarter. Empirical Finance LLC now owns 13,329 shares of the technology company’s stock worth $1,497,000 after purchasing an additional 5,414 shares during the period. National Asset Management Inc. lifted its holdings in Arrow Electronics by 7.0% in the fourth quarter. National Asset Management Inc. now owns 3,202 shares of the technology company’s stock worth $430,000 after purchasing an additional 209 shares during the period. Finally, Advisor Partners LLC lifted its holdings in Arrow Electronics by 9.4% in the fourth quarter. Advisor Partners LLC now owns 2,505 shares of the technology company’s stock worth $337,000 after purchasing an additional 216 shares during the period. 93.38% of the stock is owned by institutional investors.
ARW has been the subject of several research analyst reports. Raymond James raised shares of Arrow Electronics from a “market perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a report on Wednesday, February 2nd. Zacks Investment Research raised shares of Arrow Electronics from a “hold” rating to a “strong-buy” rating and set a $146.00 price objective for the company in a report on Tuesday, February 8th. Truist Financial reduced their price objective on shares of Arrow Electronics from $143.00 to $126.00 and set a “hold” rating for the company in a report on Friday, April 8th. Finally, StockNews.com downgraded shares of Arrow Electronics from a “strong-buy” rating to a “buy” rating in a report on Friday.
Shares of Arrow Electronics stock opened at $118.32 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average price is $119.35 and its two-hundred day moving average price is $123.57. Arrow Electronics, Inc. has a 52 week low of $107.11 and a 52 week high of $137.95. The stock has a market cap of $7.81 billion, a PE ratio of 6.65, a price-to-earnings-growth ratio of 1.82 and a beta of 1.37.
Arrow Electronics (NYSE:ARW – Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The technology company reported $5.43 EPS for the quarter, topping the consensus estimate of $4.53 by $0.90. Arrow Electronics had a net margin of 3.60% and a return on equity of 24.40%. The firm had revenue of $9.07 billion for the quarter, compared to analysts’ expectations of $8.71 billion. During the same period in the previous year, the business earned $2.84 earnings per share. Arrow Electronics’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts predict that Arrow Electronics, Inc. will post 21.57 EPS for the current fiscal year.
Arrow Electronics Company Profile (Get Rating)
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.
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