Public Employees Retirement Association of Colorado Has $10.42 Million Stake in Arrow Electronics, Inc. (NYSE:ARW)

Public Employees Retirement Association of Colorado decreased its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 146,257 shares of the technology company’s stock after selling 6,221 shares during the period. Public Employees Retirement Association of Colorado owned about 0.17% of Arrow Electronics worth $10,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Arrow Electronics by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,466,756 shares of the technology company’s stock worth $239,030,000 after purchasing an additional 34,362 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Arrow Electronics by 10.4% during the 4th quarter. Geode Capital Management LLC now owns 918,201 shares of the technology company’s stock worth $63,269,000 after purchasing an additional 86,631 shares during the last quarter. DNB Asset Management AS boosted its holdings in shares of Arrow Electronics by 18.0% during the 2nd quarter. DNB Asset Management AS now owns 880,815 shares of the technology company’s stock worth $62,776,000 after buying an additional 134,600 shares during the period. Principal Financial Group Inc. raised its position in shares of Arrow Electronics by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 625,314 shares of the technology company’s stock valued at $48,187,000 after buying an additional 6,231 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Arrow Electronics by 13.7% in the 2nd quarter. First Trust Advisors LP now owns 483,861 shares of the technology company’s stock valued at $34,485,000 after buying an additional 58,422 shares in the last quarter. 94.85% of the stock is owned by institutional investors.

Shares of NYSE:ARW opened at $66.84 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.64 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $5.75 billion, a PE ratio of 7.57, a P/E/G ratio of 2.23 and a beta of 1.39. Arrow Electronics, Inc. has a twelve month low of $62.35 and a twelve month high of $86.62. The company has a 50-day moving average price of $69.65 and a two-hundred day moving average price of $74.23.

Arrow Electronics (NYSE:ARW) last issued its earnings results on Thursday, August 1st. The technology company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.04. The business had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the business earned $2.20 EPS. Arrow Electronics’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts anticipate that Arrow Electronics, Inc. will post 7.25 earnings per share for the current fiscal year.

Several brokerages have recently commented on ARW. ValuEngine upgraded shares of Arrow Electronics from a “sell” rating to a “hold” rating in a research report on Monday, July 22nd. Raymond James lowered shares of Arrow Electronics from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $88.00 to $80.00 in a research note on Tuesday, July 2nd. Citigroup raised their price objective on shares of Arrow Electronics from $68.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Bank of America lowered shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 16th. Finally, Cross Research downgraded shares of Arrow Electronics from a “buy” rating to a “hold” rating in a report on Thursday, June 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $77.02.

Arrow Electronics Company Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. The company operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment markets and distributes semiconductor products and related services; passive, electro-mechanical, and interconnect products consisting primarily of capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other products and services.

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

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