Strs Ohio Boosts Holdings in Arrow Electronics, Inc. (NYSE:ARW)

Strs Ohio boosted its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 0.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 18,681 shares of the technology company’s stock after purchasing an additional 120 shares during the quarter. Strs Ohio’s holdings in Arrow Electronics were worth $2,283,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ARW. Moneta Group Investment Advisors LLC bought a new position in shares of Arrow Electronics in the fourth quarter worth approximately $230,362,000. AQR Capital Management LLC lifted its position in Arrow Electronics by 2.3% in the 3rd quarter. AQR Capital Management LLC now owns 1,957,225 shares of the technology company’s stock valued at $245,123,000 after acquiring an additional 43,790 shares in the last quarter. Greenhaven Associates Inc. boosted its stake in Arrow Electronics by 3.9% during the 4th quarter. Greenhaven Associates Inc. now owns 1,826,528 shares of the technology company’s stock valued at $223,293,000 after purchasing an additional 69,400 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Arrow Electronics by 25.9% in the 4th quarter. Millennium Management LLC now owns 1,255,591 shares of the technology company’s stock worth $131,297,000 after purchasing an additional 258,224 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Arrow Electronics by 42.9% in the third quarter. Ameriprise Financial Inc. now owns 1,164,451 shares of the technology company’s stock worth $145,244,000 after purchasing an additional 349,561 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total transaction of $180,895.00. Following the completion of the sale, the senior vice president now directly owns 15,271 shares in the company, valued at approximately $1,847,791. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of Arrow Electronics stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $121.00, for a total transaction of $180,895.00. Following the transaction, the senior vice president now owns 15,271 shares in the company, valued at approximately $1,847,791. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard John Marano sold 1,900 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $116.46, for a total transaction of $221,274.00. Following the sale, the insider now directly owns 12,108 shares of the company’s stock, valued at approximately $1,410,097.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,134 shares of company stock valued at $488,795. 1.00% of the stock is owned by company insiders.

Arrow Electronics Stock Performance

Shares of ARW stock opened at $121.76 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.39 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average price of $121.27 and a 200-day moving average price of $119.07. Arrow Electronics, Inc. has a 52 week low of $108.51 and a 52 week high of $147.42. The firm has a market capitalization of $6.57 billion, a PE ratio of 7.71 and a beta of 1.41.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, February 8th. The technology company reported $3.98 EPS for the quarter, topping analysts’ consensus estimates of $3.72 by $0.26. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.84 billion. Arrow Electronics had a net margin of 2.73% and a return on equity of 17.22%. The firm’s revenue was down 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.69 EPS. As a group, equities research analysts expect that Arrow Electronics, Inc. will post 11.53 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Truist Financial dropped their price objective on Arrow Electronics from $128.00 to $124.00 and set a “hold” rating on the stock in a research report on Friday, February 9th.

About Arrow Electronics

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.