Louisiana State Employees Retirement System reduced its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,300 shares of the technology company’s stock after selling 1,300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Arrow Electronics were worth $1,793,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Advisory Services Network LLC lifted its stake in Arrow Electronics by 489.5% in the second quarter. Advisory Services Network LLC now owns 1,409 shares of the technology company’s stock worth $110,000 after acquiring an additional 1,170 shares during the period. Advisor Group Inc. lifted its stake in Arrow Electronics by 76.1% in the third quarter. Advisor Group Inc. now owns 1,819 shares of the technology company’s stock worth $145,000 after acquiring an additional 786 shares during the period. Paragon Capital Management Ltd purchased a new stake in Arrow Electronics in the third quarter worth about $201,000. Boothbay Fund Management LLC purchased a new stake in Arrow Electronics in the third quarter worth about $212,000. Finally, Trexquant Investment LP purchased a new stake in Arrow Electronics in the third quarter worth about $239,000. 92.67% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research lowered shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th.
Shares of Arrow Electronics, Inc. (NYSE:ARW) opened at $86.94 on Friday. The firm has a market cap of $7,401.17, a PE ratio of 15.31, a P/E/G ratio of 0.89 and a beta of 1.18. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.57. Arrow Electronics, Inc. has a one year low of $68.55 and a one year high of $87.26.
Arrow Electronics (NYSE:ARW) last announced its earnings results on Thursday, November 2nd. The technology company reported $1.82 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.82. The business had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $6.58 billion. Arrow Electronics had a net margin of 2.00% and a return on equity of 13.63%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.56 earnings per share. analysts anticipate that Arrow Electronics, Inc. will post 7.35 EPS for the current year.
In other Arrow Electronics news, Director Gail Hamilton sold 4,800 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $78.33, for a total value of $375,984.00. Following the completion of the transaction, the director now directly owns 91 shares in the company, valued at $7,128.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew R. Anderson sold 1,416 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $79.00, for a total transaction of $111,864.00. Following the completion of the transaction, the senior vice president now owns 1,416 shares of the company’s stock, valued at $111,864. The disclosure for this sale can be found here. Insiders sold 10,032 shares of company stock valued at $788,816 over the last quarter. 1.20% of the stock is currently owned by corporate 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.
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