Teachers Retirement System of The State of Kentucky Sells 810 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Teachers Retirement System of The State of Kentucky lessened its stake in Arrow Electronics, Inc. (NYSE:ARW) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,263 shares of the technology company’s stock after selling 810 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Arrow Electronics were worth $2,066,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Franklin Resources Inc. boosted its holdings in Arrow Electronics by 1,072.6% in the third quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company’s stock valued at $5,564,000 after acquiring an additional 37,746 shares during the last quarter. Lind Value II ApS boosted its stake in shares of Arrow Electronics by 36.3% in the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company’s stock valued at $73,374,000 after purchasing an additional 172,669 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Arrow Electronics by 115.0% during the third quarter. JPMorgan Chase & Co. now owns 315,800 shares of the technology company’s stock worth $41,948,000 after buying an additional 168,904 shares during the period. GAMMA Investing LLC increased its position in shares of Arrow Electronics by 24.0% during the fourth quarter. GAMMA Investing LLC now owns 862 shares of the technology company’s stock worth $98,000 after buying an additional 167 shares during the period. Finally, Polaris Capital Management LLC lifted its holdings in Arrow Electronics by 1.1% in the fourth quarter. Polaris Capital Management LLC now owns 261,203 shares of the technology company’s stock valued at $29,547,000 after buying an additional 2,800 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Arrow Electronics Price Performance

ARW stock opened at $111.83 on Friday. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80. The stock has a market capitalization of $5.80 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. The company’s 50-day moving average is $104.32 and its 200-day moving average is $114.01. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08.

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

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, Director William F. Austen bought 1,900 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $104.12 per share, with a total value of $197,828.00. Following the completion of the transaction, the director now directly owns 7,858 shares in the company, valued at approximately $818,174.96. The trade was a 31.89 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 transaction of $39,574.83. Following the completion of the transaction, the chief accounting officer now directly owns 1,549 shares in the company, valued at approximately $173,658.39. The trade was a 18.56 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ARW. Bank of America downgraded Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Wells Fargo & Company lowered their target price on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $121.25.

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.