California Public Employees Retirement System Has $21.25 Million Stock Holdings in Arrow Electronics, Inc. (NYSE:ARW)

California Public Employees Retirement System trimmed its stake in shares of Arrow Electronics, Inc. (NYSE:ARWGet Rating) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,266 shares of the technology company’s stock after selling 12,539 shares during the quarter. California Public Employees Retirement System owned approximately 0.23% of Arrow Electronics worth $21,250,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new stake in Arrow Electronics during the 4th quarter worth approximately $31,000. CWM LLC bought a new stake in Arrow Electronics during the 4th quarter worth approximately $43,000. Lindbrook Capital LLC grew its holdings in Arrow Electronics by 71.7% during the 4th quarter. Lindbrook Capital LLC now owns 328 shares of the technology company’s stock worth $44,000 after acquiring an additional 137 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in Arrow Electronics by 87.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 462 shares of the technology company’s stock worth $51,000 after acquiring an additional 216 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in shares of Arrow Electronics by 106.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 577 shares of the technology company’s stock valued at $77,000 after purchasing an additional 297 shares during the last quarter. Institutional investors and hedge funds own 93.38% of the company’s stock.

Shares of NYSE ARW opened at $125.07 on Friday. The firm has a market cap of $8.26 billion, a PE ratio of 7.03, a P/E/G ratio of 1.83 and a beta of 1.37. Arrow Electronics, Inc. has a 12-month low of $107.11 and a 12-month high of $137.95. The company’s fifty day simple moving average is $118.62 and its 200 day simple moving average is $123.37. The company has a quick ratio of 1.06, a current ratio of 1.49 and a debt-to-equity ratio of 0.51.

Arrow Electronics (NYSE:ARWGet Rating) last issued its earnings results on Thursday, May 5th. The technology company reported $5.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.56 by $0.87. The business had revenue of $9.07 billion for the quarter, compared to analyst estimates of $8.71 billion. Arrow Electronics had a net margin of 3.60% and a return on equity of 24.40%. Arrow Electronics’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.84 earnings per share. On average, equities analysts predict that Arrow Electronics, Inc. will post 21.57 earnings per share for the current year.

In other Arrow Electronics news, COO Sean J. Kerins sold 8,687 shares of the company’s stock in a transaction on Friday, February 18th. The shares were sold at an average price of $123.08, for a total transaction of $1,069,195.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Christopher Stansbury sold 52,993 shares of the company’s stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $121.60, for a total transaction of $6,443,948.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 120,171 shares of company stock worth $14,731,148. 1.00% of the stock is owned by insiders.

A number of research firms have recently commented on ARW. Truist Financial reduced their price objective on shares of Arrow Electronics from $143.00 to $126.00 and set a “hold” rating on the stock in a research note on Friday, April 8th. StockNews.com lowered shares of Arrow Electronics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research raised shares of Arrow Electronics from a “hold” rating to a “strong-buy” rating and set a $146.00 price objective on the stock in a research note on Tuesday, February 8th. Finally, Raymond James raised shares of Arrow Electronics from a “market perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research note on Wednesday, February 2nd.

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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Institutional Ownership by Quarter for Arrow Electronics (NYSE:ARW)

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