Teachers Retirement System of The State of Kentucky Decreases Stake in Arrow Electronics, Inc. (NYSE:ARW)

Teachers Retirement System of The State of Kentucky lessened its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 4.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,263 shares of the technology company’s stock after selling 810 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Arrow Electronics were worth $2,066,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Franklin Resources Inc. boosted its position 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 worth $5,564,000 after purchasing an additional 37,746 shares during the last quarter. Lind Value II ApS raised its stake in shares of Arrow Electronics by 36.3% during the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company’s stock worth $73,374,000 after purchasing an additional 172,669 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Arrow Electronics by 115.0% in the 3rd 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 last quarter. GAMMA Investing LLC grew its position in Arrow Electronics by 24.0% during the fourth quarter. GAMMA Investing LLC now owns 862 shares of the technology company’s stock valued at $98,000 after buying an additional 167 shares during the period. Finally, Polaris Capital Management LLC increased its holdings in Arrow Electronics by 1.1% during the fourth quarter. Polaris Capital Management LLC now owns 261,203 shares of the technology company’s stock worth $29,547,000 after buying an additional 2,800 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ARW. Wells Fargo & Company decreased their price target 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 lowered Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Arrow Electronics presently has an average rating of “Hold” and an average target price of $121.25.

Arrow Electronics Stock Performance

Shares of ARW stock opened at $111.83 on Friday. The firm’s 50 day moving average is $104.32 and its 200 day moving average is $114.01. The stock has a market capitalization of $5.80 billion, a P/E ratio of 15.36, a PEG ratio of 0.52 and a beta of 1.18. Arrow Electronics, Inc. has a 12 month low of $86.50 and a 12 month high of $137.80. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. On average, sell-side analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Insiders Place Their Bets

In other Arrow Electronics news, CAO Yun Sung Cho sold 237 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $108.73, for a total value of $25,769.01. Following the completion of the transaction, the chief accounting officer now directly owns 2,086 shares of the company’s stock, valued at $226,810.78. This trade represents a 10.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William F. Austen purchased 1,900 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the acquisition, the director now owns 7,858 shares of the company’s stock, valued at approximately $818,174.96. This trade represents a 31.89 % increase in their position. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.

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.